25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.thanks.....
mere khiyal meen to app ko 50 pips pe stop loss rakna chahiye aur 25 pe take profit rakhna chahiye kiun keh aksar auqat trade open karne se market kafi neechey chali jati hai aurkabhi near point ke qreeb ja kar loss meen chali jati hai es liye take profit kam rakhna chahiy
Every successful Forex traders are set up their Take profit and Stop loss point according to, their trading strategy. Your policy is also good but, I always set 15 pips as my Take profit and 50 pips for my Stop loss. Because, price is always ups and down in the Forex market. I am also making successful trades in Forex by this policy.
no dont do like this......... before i give a trade i do first news analysis..... then if i can predict the market movement then i will give a trade then if i have any other work then i will give a stop loss and take profit based on my news analysis and my prediction...................
Well it should depend on what type of trader you are, and you should set your stop loss according to your trade plan. If you trade in a range better to set stop loss just outside the range instead of counting it in pips. Even for other strategies you should not set a very big stop loss as this may result into big losses if a single trade goes wrong.thx
well it ought to rely on what style of trader you're, and you will set your stop loss according within your trade arrange. if you do trade within the vary higher to line stop loss only outside the vary in comparison to counting it in pips. even for different strategies you mustn't set a really huge stop loss as this could result into huge losses if a only trade goes wrong.
Mera stop loss take profit plan sirf aik hi he jo k kamyab plan he k pehle experience hail karen or phir large money forex trading main invest karen. phir ap kabi bhi forex trading main nakam nahi ho sakte.
i'm invariably trade with stoploss and of course the stoploss is regarding 30 pips and profit is 50 to firmly 60 purpose. i'm invariably get at ovesold zone and sell at overought.
I am successful in making good trades. I always set the SL and TP nearest to the support. I am always trade with stop loss and the stop loss is about 30 pips and profit is 50 to 60 point. I don't usually place take profit as I keep constant eyes upon the trade.
Thanks..:yahoo:
i think that 20 pips is a bit of very good stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it and get a good money from it