My way of placing stop and take profit!

[vickymughal]

it is good way and for me I put stop loss under 4h candle on time frame 4h if the candle close over or below the moving average indicator where the moving average value differ from one currency to another

[sulasih]

Hello Indian, I want to share with you, Wrong placement means wrong profit or lose. You have no right to take it. Because this you could not go ahead. I hope your best day. So I suggest you to take a right placement for real Forex man. It's have right to take. Also it may not give you all time profit. I can confirm you that All good trader can not earn from all trade. For that you need select a trading psychology. Which kind trade you will play. Scalping or day trading. Than you will select pair, than you will select time frame than you will select overbought and oversold market, than you will select support and resistance market, than you will select you right stop lose and take profit area. Yes take your profit or lose confidentially. I hope your best day. Again I request you Please make plan and modify day by day. You will gain sure.

[naziakhan]

aapne ekdum thik kaha stop loss ka forex trading mei bahut jada jaroorat hai..trader poori tarah se safe hai stop loss ki wajah se..margin call sirf stop loss se bachta hai..aur hum sabko stop loss jaroor use karna chahiye..

stop loss is very important tools for forex trader and if you do not use it in your trades then your all account is in risk and you can receive margin call any time that is why i always prefer that always use stop loss in your trades .

[manav14386]

bhai ye baat sahi kahi aapne, agar koi trader stop loss nahi use nahi karta hai, to usko margin call lagne se koi nahi rok sakta hai, stop loss hi aisa tool hai, jo hume margin call se bachata hai, aur aage bhi trade karne ko milta hai.

aapne ekdum thik kaha stop loss ka forex trading mei bahut jada jaroorat hai..trader poori tarah se safe hai stop loss ki wajah se..margin call sirf stop loss se bachta hai..aur hum sabko stop loss jaroor use karna chahiye..

[adnan10076]

bhai ye baat sahi kahi aapne, agar koi trader stop loss nahi use nahi karta hai, to usko margin call lagne se koi nahi rok sakta hai, stop loss hi aisa tool hai, jo hume margin call se bachata hai, aur aage bhi trade karne ko milta hai.

sahi kha margin call jub kisi bhi trader ko aati hai us time kafi tention crat hoti hai aur ye call tub hi aati hai jub koi bhi trader stop loss use nhi krta aur forex ko gambling ki trha use krta hai . forex main ye chota sa tool take profit aur stop loss ye bohat hi eham hai.

[bisifentus]

Hi everyone, I just want to discuss about how placement of stop in one's trading play an important role in your profitability as a trader. Some traders want tight stop in order to limit their loses, and some newbies position their stop at the wrong place, making it vulnerable of getting hit. Placement of stop should not be looked as negative thing, its our ally in protecting our capital.Setting proper stop in one'strade will give our trade enough room to make it profitable.One technique in stop loss placement I use is the 00 level, most traders view a 00 level as psychological point where most traders, banks and big institutions considers closing or opening a positions. So my advice to newbies, if your stop falls near or at the 00 level don't put it there, chances are it will get hit easily; sofor example your stop falls at 1.2200, place it 1.2190 for buy or 1.2210 for sell positions, the reason for this is to avoid the 00 level that will likely be reached, and I have experienced it a lot before. I use 10 pips allowance to give enough space from spikes, if you can do above 10 pips then its better but not below it.In the opposite place your target at 00 level because it will most likely be hit.

I am so grieved when traders thinks that they are good when luck is actually working for them. I think that if a trader wants to place a reasonable stop loss and take profit, it is either using a previous lows or highs, or pivot points or Fibonacci etc, If you think that a place is psychology, it might just surprise you to hit it and continue or hit it and bounces back.

[angle]

i am not really sure of the stop loss as much as the take profite reason being the i do not know the best possion to place a stop loss but a really the best to use in take profites.

[dareking]

i think it is not a good way to trade in forex market .you should place stop loss in your trades .if you do not use stop loss then soon you will receive margin call and you have to leave forex market .

bhai ye baat sahi kahi aapne, agar koi trader stop loss nahi use nahi karta hai, to usko margin call lagne se koi nahi rok sakta hai, stop loss hi aisa tool hai, jo hume margin call se bachata hai, aur aage bhi trade karne ko milta hai.

[sundari]

In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response

[mudassar004]

The high amounts of leverage commonly found in the forex market can offer investors the potential to make big gains, but also to suffer large losses. For this reason, investors should employ an effective trading strategy that includes both stop and limit orders to manage their positions.