My way of placing stop and take profit!

Stop loss order is very important in Forex so we have to follow the right decision and then we can make the right place for trade where we have to set stop loss and take profit order then we can good profit in success.

Dear acha sawal hay ap ka trading k tools ka, in ko tools se ham apni trading always control kar sktey hey, stop loss aur take profit se trading auto close bee hoti hay is se hamari marzi k matabiq profit bee mil jata hay aur zyada naqsaan se bee bach jatey hey...

Bhai ham bohot se tarqqy se stop loss and take profit set kar sakty hen lekin ap ne bilkul sahi kaha hey ke agar hamen samjh nahi aa rahi hey ke stop loss or take profit kese set karty hen to better ye hey ke hum 30 pips ka stop loss or 50 pips tak ka take profit use kar len. Is se ham normal trading karne ke qabil ho jayen gey.

You cant trade without a stop lose a take profit isnt so much important if you are in front of your desk so always use a stop, its like an insurance, you never would drive a car without an insurance, do you? Thats totally insane because you can get bankrupt in some short seconds

Good tips, especially about psychological levels. This is very effective because most traders place their take profit on the main level like 00 and minor psychological levels like 50. This means that they will ensure that they push prices to reach this level before taking profits. But your take profit and stop loss should naturally limit your entry and the risk of reward benefits. and it's good to place a stop loss level 10 or 20 pips below or above that level is a good strategy yes I tried your strategy in my upcoming trading session and tell you in this thread how it works

You have provided a very good strategy, I will follow it on my demo account, but I cannot understand it fully, please explain well if you can because I cannot understand what you want to say about 00 pips. that means not setting a stop loss, am I right, explain me with complicated plz, I am waiting for your reply. and placing a stop loss to risk less money is a good thing but a stop loss point is not a matter of mind that must be based on technical analysis, you must consider support and resistance for your position rather than deciding your stop loss point.

Well I don't think it will make much difference if you have 30 pips stops or 50 pips but what is important is what is the reason behind the stop loss setting and why you think prices will not exceed that. If you feel there is good support under 10 pips then there is no harm in stopping at 15 pips. and One rule for placing stops and taking profits is where then is logical and not where it is convenient for you what I mean to place them where you know it will allow trading to breathe and where market volatility will not stop you. to take profit it really depends on your trading style for brokers who are different from for swing traders

A good opinion, besides that some traders must also have difficulty in determining when to take profits, how much and how much. what needs to be considered in my opinion is that the distance is not too close or too far away and I especially put my stop above or below the height or low of the movement. And I think this method must be adopted by all traders after moving beyond high or low, the pair may not return to the trend.

I always use stop loss but I have to calculate the potential level of price to enter before I set, usually the price will retest the previous level so that my sl will be above 30 pips from that level and we are always reminded that we are given the freedom by the broker to make a decision between cut and cover, from there it should be fine because we use stop loss and takeproft is our strategy to reduce the main risk

I am the way I put a stop loss and take adoption based on profit from the kidneys on price movements and trend strength and open agreement, sometimes closing transactions before the price reaches the target in profit and also at loss, if confirmed, it will fulfill the stop loss order. This is not constant with me according to market movements and to be able to identify where the stop loss location is and take advantage of where our location can identify it by identifying the demand and support area. I try to love examples with pictures so that we can better understand.