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

[barex]

I think everybody depends upon his own strategy to firmly make stop loss and take profit points.. on behalf of me i refer in the resistance and support lines and take a look at to utilise a few indicators which could help me in creating this there absolutely really undoubtedly are a great deal of indicators make it easier to to firmly place those lines, additionally macd and rsi are smart

[shippa]

No single number of stop loss or take profits is for sure in forex exchange trading. But it is the risk reward ratio that decides which number of pips that we are to risk/target in the business of forex trading.

and all can also depend on the strategy that we use to trade, because every strategy will take into account the risks and the comparison of different gifts. but nevertheless each strategy will be good when always use stop loss for the trade. because the stop loss will help minimize the risk of loss as well.

[muna1982]

well i don't use stoploss i only use take profit and most of time my trade hit that target i wait for right time to open trade and it is a good for me because i walk slow but steady and safe.

i think this is a very nice way of trading in forex. i think you got the way of emotionless trading method. i hope you can make very good money from forex. this is a great way of trading what you doing. opening a reasonable trade in the right signal and some waiting will must give good profit to you. i also try to follow this type of trading than to making haphazard trading.

[aspurlah]

For my understanding the best stop loss to be put is 25-30 pips against the buy or sell lot that we has opened. Its also can minimize the loss of our capital. Stop loss is the one element from good money management procedure.

[x2-01]

well i don't use stoploss i only use take profit and most of time my trade hit that target i wait for right time to open trade and it is a good for me because i walk slow but steady and safe.

[wedos]

well after I open any trade than initial i search next support and resistance. i place my stop loss almost these levels. if support and resistance levels ar too high then i follow my cash management rules. i take advantage of 2:1 risk & reward quantitative relation. stop loss is 200pips then my tp is 100pips..

I think it is in the forex that we have to prepare carefully, and I think after profit, we must also be alert and be sure to use a trailing stop loss or + 1, it is to secure our account, and in the setting of our stop loss should also be put to good, because that is very important.

[habibprince]

main stop loss ki strategy use kar raha hon jis kay liye main apna target select kar leta hon or apne us target kay mutabiq hi daily ki investment kar kay profit hasil karta hon mujhe robot trading bhe pasand hai lakin main ne aj tak usko use nhi kiya hai.

[sanjoysarker92]

You staleness realist how you'll exploit equities to dealing and what are the change locations to appear; how to refine your hot position of stocks; the damage you are pick to pay for them; how to iterate activity indicators and how to construe abstract regular mart reports to meliorate you in trading approaching equities .

[jalaly]

30 popscan be a bit of damage is limited. The price usually varies with very long stages, compared with what you want, but usually accidentally, if you have good results. I immediately after a private collection with several SL, assisted by then or maybe by number or weight, along with TP change the point when the price moves.

[mt5 trader]

The particular stop loss is a important the main trading strategy of course, if we are when using the stop loss properly the possibilities of getting the Margin call are tremendously reduced. Different forex gurus have different formulas to the calculation and the keeping the stop loss and i favor to use 3: 1 formula(For each and every 50 pips focus on the stop loss is usually 100 pips)but it's entirely the selection of the traders that how they're going to use this service.