as i read about this issue is there really people who are doing this or they just calculate the support and ressistant level pivot points and take there decession?
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as i read about this issue is there really people who are doing this or they just calculate the support and ressistant level pivot points and take there decession?
Traders decide their stop loss and take profits based on kind of trade they are performing and also how man number of pips are there on target and then place the levels of stop loss and take profits. This is done on the basis of study and analysis.
Each trader is free to do their technique. Things should be happening.
The calculation of pivot points can be used as appropriate to the area can take profits. What do you usually do?
stop loss aurt ake profit forex market ke sabse zaruri aur kamyaab tool hai
inki wajah se apki deals lock ho jati hai aur apka profit aur loss ifix ho jata hai...money management ka bahut zaruri hissa hote hai stop loss aur take profit
lekin inko set karna sabke bas ki bat nahi hoti..iske liye bahut study aur analysis karne padte hai..agar aap inhe galaty tarike se set karoge to apke acount ke liye nuksan hoga
stop loss is NOT a matter of if b u it a matter of I MUST . what i mean a stoploss isnt optional but its a must . in fx nothing is certain only uncertainty so to safe guard your profits and moreso your a/c then you need to have a stoploss and have strict money management rules or you'llnot last very long . LOL
this is a very important option for short time traders. but i am not using this option and not interest to use it. may be if i use it then this option will take profit as hunter.
SL and TP are very useful features of Forex market. These tools works even when your computer is powered off and by analysis if you have set the SL and TP then you not need to monitor your trade. But while placing SL and TP your analysis should be accurate and they should be on right place.
I think trading based on pivot points is not waste, rather it make sense to find out support and resistance using pivot points when many other traders are doing this - we should not ignore the fact that market movements are directed by big no. of traders.
pivot point ke hisab se trading karna kafi safe mana jata hai forex me
lekin jab kabhi koi major news generate hoti hai tab iske hisab se trading karne ka bahut hi kam fayda hota hai.news ke time me na to market support dekhta hai na resistance aur na hi pivot point
Stop loss or take profit ka use depend karta hai trading karny waly per who in options ko kysy use karta hai main to in dono ko use nahi karta because main apni tmam trades ko close kar ky khi uthta hoon or jo trade thora bohat bhi profit dy close kar dyta hoon.