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Yes, it depends on the market volatility , some says that 2:1 profit and stop loss ratio is good, but I saw in my personal experience that 1:1 is best , by using i cannot make big loss, it should be also depend on your trading strategy which time frame you are trading.
If you have good knowledge about forex analytical matters as well as risk and money management then I think a trader should be take 2% risk of a particular trade. But if you have good analytical knowledge then you have no need to use stop loss use only take profit. This tips only applicable for expert forex trader not for beginner.
do you know why maximum experts are not using this ? cause no need to use it if you have good strategy.suppose you place sl and market will touch it.then tell me who will take responsibility ? ofcourse you.but if you trade with patient then you can take profits.Quote:
Originally Posted by bhai
placing sl at a distance is just because we don't want to lose our money and we think that the price will hit us tp instead of sl but that is a bad attitude if the trend is reversed not keeping your position open and close it and concentrate on your next trade.
true. risk used by the traders, all depending on the plan he used in the trade. I myself will make the risk 50 pips, and only took 20 pips profit. This has become a trading plan that I created, and I have to be disciplined with my plan
Pips of stop loss has no limit. It is depend on the resistance and support level. We must should use the stop loss neck of the support and resistance. If you understand that it is the point to brake and move opposite then you will use the stop loss this point+10 to 20 pips. Every move turn back to opposite. so you can use SL 50 t0 100 pips or your think. Don't uses stop loss few pips.
The set point loss and take profit points. I buy at the highest point of the level of profit taking set point loss either be equal to either in the case of point of sale to take profit when you lift it 25 points, or points, stop-loss be less guarantee them even more profit and less loss.
Is stop-loss varies from strategy to another, there are strategies you need to a large number of points endowment loss .. and strategies you need are a few points, depending on the goals, also if the goal is large from 100 to 200 points, he commanded the stop loss is like almost the best strategy, which will be where is the stop loss is equal to or less than the target
for me i prefer make my stop loos in 30/50 PIP to garented my posotion but stop loose change with position if it's short possition i make my stop losse betwin 20 or 25 pip but it's a long possition its very important to chose betwin 50 60 pip . that's for meQuote:
Originally Posted by Anytime
i think it all depends upon the trader and its all depends upon his investment and capability of loosing money because if you have good investment and you are sure that by going this much of down your currency will surely go up then you can take the risk but in case you don't have good investment then there is no need to go for it.