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

[ansuke]

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?

When trading forex I always have a specific business plan, especially to use stop loss and take profit level is always 30 and 40 because according to the forex market move very complicated if there is no stop loss and take profit, we will not guarantee a profit.

[Cigane]

A lot of people get nervous once you start talking about options. After all, they're not your standard investment. You really have to read between the lines and have a keen eye for short-term trends... Sometimes, those trends only last for a few hours. But, with all that said, with

[garung]

To me, i often set stop loss folowing my knowledge of price action trading. I like to put them below or higher 5 pips for swing high or swing low with price. It is the perfect way i think.

[luthor]

stop lose and take profit is incredibly useful for trader. i exploit stop lose and take profit each time when i trade. support and resistance level is incredibly necessary level for take profit though when trader set stop lose then trader ought to add few pips with support and resistance level...........

[fxlinker]

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?

you're asking is how to achieve a perfect stop loss, as I do not have anything perfect world, you need to learn more about forex, I suggest you study Fibonacci to set the stop loss will more efficient.

[mostafa2010]

t is not advisable to trade without stop loss and take profit targets. A trader should have a strict risk and money management rules. A risk:reward ratio of 1:2 is preferable. This will ensure that even if 50% of the trades are lost, the trader is still in the money

[amrin]

I determination psychoanalysis the Forex tendency first. After that, I will create orders by means of discontinue loss and aim there. Then I can go away the market for at the same time as. I mostly have a preference my order elite following analyzing the trend I alter with 50 pips put deprivation and boundless pips of understand profits.

[haney]

i set stop loss based on the market situation and becasue there is no permanent measuring here, we need to know the market situation until i can set it with right, but as my refferences, i have to know the range of trend or also support and resistance too,
because it is not good if SL is always touched by the market price and even we have increased the risk for floating minus,

[abutaher168]

When not opened the first trade, I watch and levels of resistance. Set my stop loss at these levels. On support and resistance is too high, so I follow money management rules. I use 2: 1 risk reward ratio. Stop-loss is 200pips my tp 100pips to the ... I am still a stoploss and stoploss is about 30 points of trade and payment of 50-60. Always buy and sell ovesold-overought region.

[yadikhanih]

I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought.

This is a kind of trading currencies that precedes much of the current small-scale investor foreign exchange trading action. Forex futures trading happen on futures markets where price quotes, lot sizes and tick sizes are delineated as components of standard contracts.