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

[mahmood]

I like to keep take profit in between 50-60 pips and for stop loss in between 25-30 pips you may tell that my margins are too tight but i want to be in a safe side always don't want to loose enough money since i am a newbie here my capitals are also not that sound so i don't want to take much risk.

[arinda]

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?

Good work. My suggestion, again increase your quality as a successful trader in the business world trading forex. I'm sure if you have good management and foresight in the sale and purchase of the profits will go up 100 %. with forex trading you will achieve success.

[Ben Jones]

it is very important to use the stop loss and take profit on every trade . I usually use a stop loss of 50 pips if I am not sure from the market direction and set the take profit the same

[skboyra]

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

[vijai21]

i don't know how much capital you using for trade. i think it is little bit high so you using this much lot for your stop loss. for me it is too high. i am going to use it as for now.it will little bit difficult to me to survive here if i use that much lot for stop loss.

[lilorusdi]

trading plan at first was a pattern or Often Referred to as a trading plan but actual real trading plan is your mental psychological objec itself, as well as any trading plan so you will not be perfect if you're psychologically unstable.

build the perfect trading plan that we have to prepare all purposes dlam we build the business, do not neglect a single purpose, because of the negligence that could destroy everything we have created. useless if we make a trading plan is perfect but there is no discipline in us. For the life of the plan or plan the move itself is a discipline

[ndm]

according to my point of view the best stop loss is the 15 pips and the take profit is around 30 to 50 pips whatever you think is the best and this will really work in your favor and you will be happy in trading like that

[ayudiana]

Forex is probably the best platform for earning. there are certain advantages of forex business. Here trader have the opportunity to trade for 24 hours a day. Regular dealing with the forex trading can really develop the quality in you to control all your emotional factor which directly or indirectly will be useful in other business also. Next is that you don't have to worry about the investment as you can start you trade with the small amount of money. In forex you don't have to worry about any one as you can explore your knowledge about trading while you trade by yourself. So forex helps you to be matured trader and with this it is certainly going to be helpful for you in any kind of business that you adapt in near future.

Yeah, forex is good to be used as additional earning in the starting point when we did trading. We can get some profits but in the first time of our trading, more important is not money which we got but knowledges and experiences that we got in trading. If we can trade well, we can earn more profits with higher amount of capital. And about psychology in trading, that was right if trading can make us better in psychology because we will know the right time to open and close position which has relationship with good timing. In here, our greedy and fearness will impact to our trading. So we can learn technically about trading and psychologically which is not important for trading only but also for other business.

trading plan at first was a pattern or Often Referred to as a trading plan but actual real trading plan is your mental psychological objec itself, as well as any trading plan so you will not be perfect if you're psychologically unstable.

[yoryo]

Since i am a short term trader i set my SL and TP nearby. I set them in the ratio of 1:2, so if my trade is well i set my SL at 15 pips and TP at 30 pips and if my trade isn't showing good results i set my SL at 10 pips and TP at 20 pips.

In my view Trading must be done in discipline. By money management all trades can be done safely , i use 40 to pips in stop loss limit and 15 to 30 pips in take profit with a medium lot size. that gives me enough pips.

[farhannasir]

i put the stop-loss in each start place and a cut reduction purchase if my complete investment is attaining the restrict that i arrangements. While for revenue i'm usually take the 1:2 rate for reduction and revenue, so if i'm installation a 20pip reduction, then my revenue will be at 40 pips.