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

[Medo.Forex]

There is no perfect plan of Stop-Loss in the Forex trading, each of us made a mistake in the analysis of the market, the order we will be touched Stop-Loss, and we must be patient if you get a the losses and do not even think to reply quickly.

[pentkor]

The main point for setting stop loss it not more than our money management. We we set out stop loss more then our money management then may be loss our account by margin call. When our tip is hit we must close position not open other position in same pair till you analyses not allow to trade.

I agree, stop loss should be in accordance with the calculation of good money management. what percentage of the risk of loss that we can accept. because the loss is too large will trigger emotions and disturbing our psychology. so it's important that we take into account stop loss well, so that no loss is too great.

[Fxwin]

Stop loss aur Take profit ko set karne ke liye main generally forex market ki technical analysis use karati hu, main long term trading karati hu, esiliye apne stop loss aur take profit ko kisi na kisi resistance aur support level ke paas hi set karati hu.

[chokaxx]

take profit utna rkhna chahye jtna asani sy mil jaye, lalach nhi krni chahya aor apne emotions ko control mai rkhna chahye. . stop loss b utna rkhna chahye jtna hm kho skty hen. . No more No less

[fxearner]

forex market me stop loss to hamesha he lagana chahiye aur eske liye pivot points ko dekhna hoga jisse trader support aur resistance market me samajhkar enn dono levels ko define kar sakenga,yahan wait karke trader ko kaam karna hoga..

[mix]

of course my dear, I obviously believe that fo me, I always set for take profit as 20 pips and stop loss at 30 pips. So far I am flourishing in making ripe trades. I ever terminate for move get as 20 pips and stop loss at 30 pips. So far I am successful in making good trades.

[shahbaz9]

Jab ap trading kartay hain to perfect way say karain to hi better hai kyunkay yeh to guess trading hoti hai kay itnay pips ka tp aur itnay pips ka stop loss use karna yeh kabhi bhi professionl trader ki nishani nahin hoti.

[minok]

yes dear, to me I personally do consider that many traders don't use stop loss, and i think it is because they don't know the right place to place it, and also they don't want their capital to reduce whenever stop loss is hit

[pipshunt]

I think we need to set a risk reward ratio at every trades and we all need to follow that risk reward ratio. I think we all need to develop our own trading strategy and we all need to be skilled too, I think according to market conditions support and resistance area can tell us where to put the stop loss and take profit.

[Medo.Forex]

My friend I think it is depends on the market conditions and if we detect the right support and resistance area then we can set proper stop loss or take profit area and normally I use 20 pips as my stop-loss area.