Stop Loss and Take Profit...

[waleedkhan]

How much you use the SL and TP for forex trading?
So far during trading in forex I rarely use the SL (Stop Loss), but always use the TP (Take Profit)
How about you, let us together share here

yah dono aik acha tools hain forex market kay app in dono ko jab use karain jab app khud trading na karah sakain is ka sab say acha faida yahi hai kay agar app na hon tu app in ko use karah lain

[younesjoe]

yes every position have a stop loss because a stop it's a risk management that we can have a 5% that you can loss in your capital but if you dont take a stop loss you can loss more than 5% it's risky .

[Narr]

for me all my actions are analyse before go onto a new transaction so i'm sure about 95% that it's while make me profit so i do just TP

[anoha]

For me I was now used as a stop loss and I advise you to use it is possible to move the market more than 50 points in a few seconds because of news of great powers or liquidity will not be able to close the deal and will lose a lot of money ....

[sohelforex]

I'm the opposite. Most of the time I use stop loss and sometimes take profit too. If a trader has the mentality to survive in market then he has to protect his account balance first and for that undoubtedly stop loss saves a lot. From my opinion not using stop loss is not a fair decision because you never know where the market might trend suddenly because traders most reliable source is the probabilities.

[rbs]

We should be using SL on our trade so as to cut down your losses, so no matter what happens and no matter how the market moves, we won’t lose more money than we set. This is also the main purpose for using this order. We protect our deposit from the sudden big market movements against us.

[newentry]

honestly, i seldom to use stop loss if it is not necessary or i just want to leave my order for several times, because i am a scalper and i always keep an eye for my order,
and then i prefer to use hedging or just cut loss it if i face unwanted situation
but for SL or TP, before we think about it, then we have to think how to put the order at the right track then we can set them with relevant
because it is not good if SL is easier and often touched by the trend..

[kapil_chemical_07]

Actually,I am not keen to use the options called the stop loss and take profit.But,when I use it,generally I give stop loss ten pips and the take profit thirty pips.But,it varies man to man.Because,many man many minds.