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

[Zareena Bibi]

yes dear app na theek kaha hai ka ager app ka stop loss 25 hai to take profit 50 hona chahiya yani profit ka half hona chahiya ager is trading plan sa hum trade karin to hum ager forex main 50 % bhi trader hain to bhi hum profit main he rahin ga ager ek sl or ek tp hit hota hai to.

[ponanandan2017]

i am short time trader, i am invest the small amount money in the trading, i am open the small volume of the trade, and set the sl is 25pips and tl is 50pips, then i will make the profit with 75%, then i improve the trading skill

[abd34ou]

In Forex trading there comes the question of settling stop loss plan and take profit plan. A good trader does it very cleverly and perfectly. Other than it, the trader may fall in danger in trading. As a trader I use it very carefully. I think 10% is well to do for me as a new trader. That is, I like to 10 pipes for stop loss and 10 for take profit.

[Aliforex]

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.i have only one testing of EA. my EA can not accept manual changes like change sl and tp.

[elgazawy1992]

no trying to gained from the experience, just if we are able to do analyzing it. If we just consider the experience is a matter of course, of course there will be no lesson we can take from it. For me, knowledge should be learned from the primary source, while the lessons we get from an experience enriches our knowledge base.And from the very beginning of trading knowledge is gathered for trading and thereby gathering experience from it. Everything becomes clear that what to do next without getting stuck in places where movement and executing according to plan is very essential, so what ever is necessary but experience is

[fishwork]

I also set the stop loss and take profit plan as per the support and the resistance level and also get the good result on the trade,but I also follow the risk and reward ratio of 1:2 .So when I take my position then also analysis the market properly and then also set the stop loss and take profit tools properly.

[trix]

Knowledge can be gained from the experience, just if we are able to do analyzing it. If we just consider the experience is a matter of course, of course there will be no lesson we can take from it. For me, knowledge should be learned from the primary source, while the lessons we get from an experience enriches our knowledge base.And from the very beginning of trading knowledge is gathered for trading and thereby gathering experience from it. Everything becomes clear that what to do next without getting stuck in places where movement and executing according to plan is very essential, so what ever is necessary but experience is very crucial in traders life.

[Freebird]

I don't make use of stop-loss or take profit in my trade that much, it hard for me to make use of this tools, I prefer trading in the forex market without using a stop-loss or take profit in my trade, especially stop-loss am not a fans of this tool.

[k�k�]

In my opinion i accessible any kind of barter compared to aboriginal i look for subsequent abutment and resistance. i place my cease loss abreast in order to be able for you to help these types of amounts.

[bany]

well, absolutely I think it�s truth and I personally believe that maximum time I am trading without stop loss and take profit .But when I use stop loss then I must use take profit almost I use 100 pips take profit . Actually I like to trade as per money managment policy ,so maximum time I use small lot and open trade for long time.