Daily Routine You Must Follow, Before Trade, During Trade & After Trade.

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Originally Posted by anubhavsingh

Setting stop loss and take profit are one of the most important rule of forex trading..
These tools help you in minimizing your loss and you can feel a bit relaxed if you are away from your screen..

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Yes sl minimizes our losses because we lose only a part of money that is fixed instead of getting mc in case trend is reversed or market moves against us.

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Originally Posted by blackprince4u

Yes sl minimizes our losses because we lose only a part of money that is fixed instead of getting mc in case trend is reversed or market moves against us.

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although it sounds dangerous I also long to use stop loss trading career I rarely use it Will Because RELY more on discipline to cut loss Pls using an analysis of and that is the fact

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Originally Posted by dead

although it sounds dangerous I also long to use stop loss trading career I rarely use it Will Because RELY more on discipline to cut loss Pls using an analysis of and that is the fact

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I think better to use SL, and is set along with the open position.
so we do not have to feel stressed when a position contrary to our analysis,
or when the need to cut losses

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Originally Posted by dead

although it sounds dangerous I also long to use stop loss trading career I rarely use it Will Because RELY more on discipline to cut loss Pls using an analysis of and that is the fact

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Its also good because when you have a good signal and about 99% chances of hitting tp than it doesn't matters if you put sl or not because in any case your trade is gonna hit the tp.

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Originally Posted by blackprince4u

Its also good because when you have a good signal and about 99% chances of hitting tp than it doesn't matters if you put sl or not because in any case your trade is gonna hit the tp.

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if you have the ability to analyze with accuracy of 99% I think it was a very nice fellow as far as I know accurately only 80% of profit that was to be consistent

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Originally Posted by denira

if you have the ability to analyze with accuracy of 99% I think it was a very nice fellow as far as I know accurately only 80% of profit that was to be consistent

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very well because it has 90% analytical ability is an ability that is super amazing because we will definitely have a great opportunity for more profit than loss

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Originally Posted by alwi

very well because it has 90% analytical ability is an ability that is super amazing because we will definitely have a great opportunity for more profit than loss

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if you have the ability to perform analysis with an accuracy rate of 90% you will get rich quick, but if not let us learn together to find a consistent level of accuracy of 90%

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Originally Posted by arjun

I think better to use SL, and is set along with the open position.
so we do not have to feel stressed when a position contrary to our analysis,
or when the need to cut losses

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yes I agree with you
by using a stop loss we can limit our losses
withstand loss is not good, can create anxiety and stress
and we will wait until the market turned around,
but we do not know where the market will move

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Originally Posted by pinpin

yes I agree with you
by using a stop loss we can limit our losses
withstand loss is not good, can create anxiety and stress
and we will wait until the market turned around,
but we do not know where the market will move

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holding on a losing trade is like searching for water in a desert, we should never try to hold on a trade especially when the balance is low in the account. and i believe setting sl is the best way to cap loses while we trade

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Originally Posted by blackprince4u

Yes sl minimizes our losses because we lose only a part of money that is fixed instead of getting mc in case trend is reversed or market moves against us.

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thik kaha aapne. par ye baat bhi sach hei ki agar aap thik time pe accha entry nakare to aap a;ways sl pe ayenge aur aapka balance minus hote chala jayega. isliye first learn then do forex. aur ha aap utna sl de jitna ki aapke loss krna thik rahega.