I prefer to use a stop loss of 50-100 pips, because the stop loss for this trade would make me more relaxed and my stop loss will not be easily moved by the movement of prices.
I prefer to use a stop loss of 50-100 pips, because the stop loss for this trade would make me more relaxed and my stop loss will not be easily moved by the movement of prices.
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.
stop loss depends on various conditions...it depend on individual,s study, his account balance, his experience etc..
so we can not generalize the exact pips for setting stop loss..it depends on situation to situation and trader to trader .I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...
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.
for stop loss i think it is good to make more than 25 pip and less than 40 pip to be sure you are far from stop loss when three is a small volatile and you are far from the big loss and for take profit it is better to make it between 60pip and 100 pip to get enough profit.
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.
Yes stoplose depend on your analysis if you are day trader then you can set your stop lose according to that analysis. If you are scalper then stop lose is different. So it depend on traders trading style. I think most trader set stop lose and take profit on support and resistance level.
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.
Trader should set their stop lose with support and resistance level. When they set stop lose they should add extra few pips with support and resistance level. You can use your stop lose according to your balance and your trading style.
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.
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.
My IDEA of STOP LOSS is always add 10pips below or over Support and Resistance respectively, however you should always take into account the capital you are holding and risk that you can really afford to take without hampering much of your capital.
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.
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.
For me, it depends on the type of trader what is the best stop loss for them because it also depends on their take profit and their risk reward ratio that they use. If they are scalper trader, then you need only a small SL because your TP is also small.
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.
sometimes you can set stop loss to 50 pips only and sometime you can make it 200 pips and so if we are trading with H1 then its better to have STop loss around 50 pips for H4 we should increase it.
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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