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

[crux9]

hi member i usually do not use any stop loss order because i watch market all the day long i do not close my order either they go in -70 dollars because i know that market will come to that point where it was either it goes up or goes really down. and i set my take profit likely your 50 pips.

[dedi irawanto]

I think at the time it helps us open positions using stop losses, and do not use a stop profit, because we would be very difficult to know about, when the price movement will stop. so it is still possible to add profit.

[call123]

forex is risky but profitble.I mostly choose my oder only after analyzing the trends. I trade with 50 pips stop loss and unlimited pips of take profits. I don't usually place take profit as I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me.forex is works time be carefully to stop loss..

[sammaranthu]

as far as I know the stop loss with a margin of 25 pips is still too low I always use a stop loss at 80 pips whereas I use with take profit margin of 80 pips. Limit the risks better than we've always hoped to a position that was clear in the wrong position. Like people said, cut your losses tightly, and let your profit run over the chart.

[motiur201312]

it is very tough place to take a good profit if you do not have any knowledge ,but i am a newbie in forex but i always use 20 pips for take profit and 25 pips for stop lose because i do not want to rich in a short time so i use this.

[Riskideki]

Stop Loss (SL) is used to keep the profit that we can-and to ensure that we do not suffer huge losses. when we are facing trading news we should put a stop loss of 20 pips and when we've hit our stop loss can be stopped

[rahi10]

welcome to forex. 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.good luck.......................................

[rjnasirryk]

वैसे यह पर निर्भर करना चाहिए, व्यापारी के प्रकार क्या कर रहे हैं और आप अपने व्यापार की योजना के अनुसार अपने बंद नुकसान की स्थापना करनी चाहिए. यदि आप एक रेंज में बेहतर व्यापार pips में गिनती की सीमा के बाहर सिर्फ नुकसान रोकने के बजाय सेट. यहां तक कि अन्य रणनीतियों के लिए एक बहुत बड़ा नुकसान रोकने के सेट के रूप में यह बड़ा नुकसान में परिणाम अगर एक ही व्यापार गलत हो जाता है हो सकता है चाहिए.

[anesta]

my stop loss and take profit minimal 10 pips. my stop loss and take profit is not fix, it can be variable depend on trading strategy which i use and depend on the news which i used to trade also

[rk225325]

i prefer to have fixed stop loss in all my trades and i like it to be very small, i make all my positions with 20 pips stop loss because i consider it losing position and wrong analysis when it floats more than 20 pips in minus

that just depend on you to set it, i have also thinking that i do not want to use more stop loss on my trading because use too much stop loss it will possible to make me to loss more money, and some time that is not safe for us to use too much stop loss on the Forex.