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

[fariza]

i will set my stoploss in highest or lowest previous candle so my position is not easy to hit SL
and i ussualy set my take profit is 10 - 20 pips , because i just use short term trading strategy.

[diaislambd]

i have got loss many times for not using stop loss and take profit.again many times got loss for placing big stop loss against my investment. my investment is small and so my preferable stop loss is 20 pips and take profit 30 pips per trade.

[jamatsibir]

The best Forex trader use their perfect stop loss plan for doing better from the Forex market. They always use their plan after a good analysis of market, they use proper plan for gaining from the Forex market.

[vansa]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

Most traders never plan or even discuss their exit strategy Forex. If you look on the Internet, it's full of Forex entry signal and set-up. When I first started trading, my only concern is how to enter the market.

I think if I can get a good trade set-up and go at the right time advantage will just fall in my lap. Little did I know that the Forex exit strategy is as important, maybe even more. Although, traders will argue which is more important, you need to understand that they are both. Just make sure they are planned and part of your trading plan.

[nurulislam697]

You staleness translate how you'll deed equities to change and what are the compensate locations to see; how to elaborate your hot inclination of stocks; the value you are ready to pay for them; how to render marketplace indicators and how to feature discipline security industry reports to helpfulness you in trading incoming equities .

[yuno]

while trading if the market is trending i prefer a trailing stop to manage my profit factor, but if the market is ranging then i prefer my gut feeling to tell me where to put stops to get out of a wrong trade, mostly this is 15 to 30 pips at most

I think only forex is not the best market of making money via online, there have no any other market in this place so i think all trader should have the believe on the forex market and should work on that place for making money easily.

[belimbingmudfx]

stop loss and take profit is one type of hedging and in stop loss only ten profits. as for that you will face less risk and may gain high profit. techniques. generally at the time of using this techniques you have to raise your pips at take profit point such as thirty pips

[proj.akun]

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

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

every trader has their own judgments about the stop loss and profit taking, in this case is very relative because it is consistent with the strategy that we use, so, you can set a stop loss of 30 pips and Take profit 60 pips or 90 pips from your position, and we can get more pips, and stop when we have to make a profit

[gretos]

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

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

if your trading ratio is 1:2 maybe you could put an example as above, 25 pips stop loss and take profit 50 pips, so, you could just put the stop loss according to your analysis as in put in a high resistance when you want to sell, and it is part of my strategy in trading, and loss is a part of my trading

[ABDELAAL]

I think it is difficult to determine the profit and loss points permanently
Selection will be through technical analysis and identify areas of support, built and study indicators