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

[fxmoney]

I like to take the help of the charts to place the stop loss and take profit target for my trade. So it is really helpful as you will not lose much more than you have to and you can book your profit at the proper place so it is essential to place stop loss and take profit to every order.

[kheya]

I probably choose my purchase simply following examine the tendencies. I trade along with 30 pips prevent reduction and also unlimited pips regarding bring revenue. I do not usually role decide on value when I maintain constant little brown eyes after your trade and shut the situation rapidly when I think the returns are generally sufficient with regard to me.

[onjon]

I just principally decide upon your oder basically subsequent to comprehending typically the general trends. I just exchange with the help of 50 pips give up decrease not to mention any number of pips from take on business earnings. I just you shouldn't frequently destination take on turn a profit as i have steady big eyes at typically the exchange not to mention tight the career subsequently as i suppose the profits are actually an adequate amount of in my circumstances.

[rapunzel]

I am still a novice in forex trading.Therefore, I hope a little of the profits.I do not, I hope to achieve big profits during the little time, because greed leads to losses.I believe that sufficient percentage of the profits ranging from 10% to only 20% of the total capital.

[prince41]

when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. thanks............

[samoilkat]

I think forex is a good job.25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.best of luck......................

no my friend this stop loss is not good in forex because this stop loss may be hit in forex so it is better for us that we should use the more tight stop loss in forex so that we should get the relax money in the market and the stop loss should be at least 70 pips.

[harry]

i dont use stop loss, but use take profit only. i use support and resistent or fibonacci level to place my take profit. i like to use these level to determine my take profit because many times the price hit my TP at that level

[tanahliat]

for now I still looking the best setting for my trading account, but for now I using 25 pips as the take profit and 50 pips as the averaging point, I did not using any stop loss on my strategy and money management

[amrin]

I am forever trade by means of stoploss is concerning 30 pips and earnings is 50 to 60 point.I am forever buy at ovesold zone and put on the market at overought. Its not a high-quality thought to don't post discontinue loss if you contain small assets because you can lose your complete investment in immediately few minutes consequently forever put stop loss to reduce your risk.

[kumarkhali01]

I think forex is a good job.25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.best of luck......................