I am still a novice in forex trading.Therefore, I hope a little of the profits.I do not, I hope to achieve big profits during the little time, because greed leads to losses.I believe that sufficient percentage of the profits ranging from 10% to only 20% of the total capital.
I just principally decide upon your oder basically subsequent to comprehending typically the general trends. I just exchange with the help of 50 pips give up decrease not to mention any number of pips from take on business earnings. I just you shouldn't frequently destination take on turn a profit as i have steady big eyes at typically the exchange not to mention tight the career subsequently as i suppose the profits are actually an adequate amount of in my circumstances.
I probably choose my purchase simply following examine the tendencies. I trade along with 30 pips prevent reduction and also unlimited pips regarding bring revenue. I do not usually role decide on value when I maintain constant little brown eyes after your trade and shut the situation rapidly when I think the returns are generally sufficient with regard to me.
I like to take the help of the charts to place the stop loss and take profit target for my trade. So it is really helpful as you will not lose much more than you have to and you can book your profit at the proper place so it is essential to place stop loss and take profit to every order.
I usually take advantage of areas of support and resistance to determine the point of stop losses and take profit. If a support or resistance level breached, then I declare my analysis wrong
I agree it's a good idea because 25 point difference is very good if you can maintain every day I installed 30 TP and 10 SL because my little capital and startupsQuote:
Originally Posted by nojmul
TP or take profit actually will become trader target, either Stop Loss,. and in my opinion, it's not a wise decision to fix both TP or SL depend on our measure.Quote:
Originally Posted by Jazpa
I definitely use TP or SL with the target of TP or SL from market itself. mean, my TP or SL are dynamic.
Brilliant article s far indeed and also helpful for traders.I think if we manage here our money well and read forecast on the daily basis the we can win here very huge and very fast money.that's the way the perfect stop loss and take profit from forex.so we should always need to stay in touch with forex market news and trend to win here nice money......thanks for this allocation.
my plan for stop loss and take profit is that when i get 10 pips profit that time i set take profit 5 pips up and set stop loss 5 pips down and as market goes in favour i raise them and my trade mostly goes in profit.
In my plan trading, i do not use fixed number for making decision of stop loss and take profit. i like to place them into swing high and swing low and always follow price action for these points.