people who dont use SL and exit target is more typically like a scalper i think. scalper only use short time to trade. they dont use SL and exit target. they usually get
people who dont use SL and exit target is more typically like a scalper i think. scalper only use short time to trade. they dont use SL and exit target. they usually get
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No problem not to use stop loss and take profit targets, but you should have an alternative method to protect your money, it is not imagined that the trader will leave his money bleed without intervention to control the situation, this is among the most common causes of very large losses.
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mainly i can say as i am new forex trader,so i can not say it's proprly.k dear.
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it is all about how much knowledge you have in forex.if you are a newbie it is better .01 pips.frankly, i don't know about experienced persons what to do.it depends on their knowledge in forex.
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I think you have a point, if we double his points that we will get, maybe SL will not be touched. But if I am, always look at market movements that day, if indeed the market is a trend, then I'll put up SL a bit far, but if the market is quiet, maybe SL will be somewhat close.
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I think it is better to use double of the pips of take profit. I usually set the stop loss of the double of take profit. I change my strategy when the market condition changes. I think you should always set your stop loss according to your capital.
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A good trader should must use stop loss and take profit
i do not consider them trader who has no proper money management ,
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I think 15 pips or 20 pips may be selected you for stop loss. But if your capital is more, you can raises it more.
Also say that it is dependent on your temper.
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depends on how much funds in the account .., I manage a small fund to tide me my SL 20 pips., and also the same TP 20 pips, if I have another large fund which is sufficient to hold the margin, so I'll play with the intraday and I'll set the SL between 50-75, and if more than that may predict the trend will continue and certainly a long wait for the price will go back ...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
i think there is no specific pips for save sl i think that it is depend only some strategy that's depends on the market situation and condition.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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