200 pip stop loss - 10 pip profit?

[niks]

Its good idea of trading . You can get 10 pips easily . But most times it happens trend go little opposite and then no much movement for
hours . So waiting for just 10 pips become so tedious. But many times this technique helps when position is in market trend.

[sinjiku]

its in beneficiary for expertise and the traders with huge capital,
but my advice for newbies and low inverters that they should not use this type of strategies

beginner in trading to fight hard to get a system that fits with her ​​because the system is good and suitable for others may not be suitable for him. but try someone else's system and we do modifications to fit in with us is a good thing

[yogesh]

I do not think that this is wise strategy. It would be best to use a 10 pip profit with a 50 pip or 70 stop loss, and that is if you are sure of the trades you take. Better still, do not even use a stop loss.

Well the intention behind using bigger stop loss then the target is same - even if your stop is set at 70 pips and target is only 10 pips you get loss of 7 trades profit in a single stop loss trigger even if it happen just due to fluctuation or correction of prices.

[aadrika]

Do you think it would be wise to trade with the strategy that has 10 pips target and stop loss be set at 200 pips. I think this strategy one can take advantage of forex up and down and may make profit many times before there triggering stop loss as probability of stop loss triggering is 1/20th of hitting target.

I do not think that this is wise strategy. It would be best to use a 10 pip profit with a 50 pip or 70 stop loss, and that is if you are sure of the trades you take. Better still, do not even use a stop loss.

[hima]

its in beneficiary for expertise and the traders with huge capital,
but my advice for newbies and low inverters that they should not use this type of strategies

[prem]

it is always a good idea to keep the loss in mind and its even better to get loss to a minimum level.never expose your trading to bigger and irrecoverable losses and do not be too much optimistic.this is what have to keep in our mind while we are trading.

[ali1011]

200 pips are good for make 10 pips profit but for this action we should experience abut forex trading side and i think so this target is not so difficult it can be chase anyone it not so difficult.

[nirale]

I have been coming across many traders with such strategy and I feel it might be a good strategy but before I trade with this strategy in real account I want to practice in demo account first and see the results and then shift to real account.

[Aashish]

Its always a good idea to keep the loss in mind, and its even better to get the loss to a minimum level. never expose your trading to bigger and irrecoverable losses and do not be too much optimistic.

agreed man, this is what we have to keep in our mind while we are trading.

[ahmedlinkers]

Its always a good idea to keep the loss in mind, and its even better to get the loss to a minimum level. never expose your trading to bigger and irrecoverable losses and do not be too much optimistic.