What is your perfect stop loss plan and take profit plan while trading?

[fxzahid11]

Where you should place a stop loss or takeprofit should be determined by the trade and what the trader wants. It is better to study the market very well before deciding where to place a stoploss or take profits order. However, it is important to place a good and tight one. One of the first criterion for placing a takeprofit order or a stoploss order is the size of your account and the structure of the current currency pair market. All this is actually the basis of forex or margin management which every forex trader must develop and start practising..........

[sehatfx]

must be Greater than the amount of my stop losses or at Least equal to the stop losses but useful thing is take profit in forex market and trading business You have to know where to make sure how many point That

[manik25]

I choose usually the control of movements of soon-to-be true. I suggest 50 points to reduce profits and also the infinite points. I don't think I the location gains in general use when I go to the actual operating costs of the face close to the store and also the positioning will quickly, because I think that the result is usually sufficient.

[maleedsctn143]

i mostly concentrate on my trade first with out placing stop loss or take profit because i believe on small trades.but when ever i open a long trade then i always place more then 500 pips for stop loss and 400 pips for take profit with the volume of 0.01 in gold..

[mtsimha]

When i generally decide on my personal oder simply following analyzing the particular movements. When i trade having 50 pips stop loss and also infinite pips regarding consider income. When i tend not to commonly location consider income when i preserve continuous sight upon the particular trade and also close the position quickly when i think the benefits tend to be adequate in my opinion.

[kishor1968]

Dear guys 25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are luckyif you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.

[n86]

patience is the key to success beside of hard work in learning and practicing. It takes time to achieve success in any business, just like this forex trading. People must consider everything first before start joining this business because once we enter we can not easily get out of here. I don't know why but I think forex is kinda addictive.

[fxearner]

G bhai g kabhi kabhi stop loss k use karnay sa hamay nuksan hota hay , market hamaray stop loss ko hit kar k dobara hamari direction ma ajati hay lakin bhai phr bi hamay risk ko control karnay k liyay esay use karna parta hay .

hanji trader ko ess business mein stop loss lagakar chalna hoga,stop loss se trader ka account safe rehta hai aur wo ess business mein aage bhi achhe se kaam kar sakta hai,aise mein trader ko pata hota hai ki usse limited he loss hoga..

[naziakhan]

sahi kaha aapne sl aur tp hamesha trading me use karna chahiye par mujhe sl se bahut nuksaan pahucha tha isliye maine sl ko istemaal karna chod diya aur tp hi istemaal karta hun bahut samay se aur kafi fayda hota hai ab is se.

G bhai g kabhi kabhi stop loss k use karnay sa hamay nuksan hota hay , market hamaray stop loss ko hit kar k dobara hamari direction ma ajati hay lakin bhai phr bi hamay risk ko control karnay k liyay esay use karna parta hay .

[sakhrukhan]

Such was still in the category of greedy master the ideal in trade should have a provision profit amounted to 10% of the balance you have so it can open a lot of trade with capital of then between these two stop loss is more important for a trader so ou right every new traders should learn and use to be set stop loss target profit in their trades that It is easy to set SL and TP point but it will need experiences to set it in the right price which can maximize profit and minimize loss