yes,you are right.SL should be decided with Support or resistance and they act as good one to determine.Even pivot points are also good in determining.so one can put SL based on this or specified values like ratio of TP :SL as 2:1 like that.It depends on traders need.
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scalping is short term trading..and scalping dont need much analysis so SL is needed to be set,,,and i usually trade scalping style and i set 15-25 pip in every trade....
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.
Yeah u r right ..its all depend on situation....but usually i put stop loss on basis of pivot point,....due to accuracy and scientific base i can trust pivot point....
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 it depends jgua current market, it also depends on money management such as the risk that you can receive, etc. .. probably around 30-40 pips.
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.
Scalping involves short term trades and it involves performing many trades that need to be closed in short time.It is done for profit of 5 - 7 pips so i think even if you trade in 1:1 ration then you should put SL of 5 pips
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.
in my personal opinion that 40 pips is very enough number of pips for stop loss for avoiding you from getting a big loss and in the same time it may let you free in your traiding and get more profit without any restrictions .
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.
wese to main kabhi bhi stop loss ki strategy nahi ki ha kioun k mugh ko pata ha k main abhi forex trading main new houn or market ko sahi taran se watch karna nahi janta houn esi liye main stop loss use nahi karta main open trading karta houn yeni k manual tradingOriginally Posted by Anytime
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 will say 50 pips fpr sl and also 50 pip's for tp also, sl is very important to stop losses when we are profiting, but the pip's may vary according to differnt traders who have a different way to approach 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.
i have never set my sl for 100pips yet coz i never have trust the trend, i normally set it at 20 pips but if conditions are looking easy then i might set it too 50 at the maximum but never 100!
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.
It is depend on the traders, all depend on how much you afford to lose.I think 25 to 30 pips is good for SL and 30 and above pips profit is good for 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.
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