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Forex question What is your perfect stop loss plan and take profit plan while trading?
avatar Matthew
Question by: Matthew - 25 Jul 2014, 02:25:06
What is your perfect stop loss plan and take profit plan while trading?
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Answers (1)
avatar user 2820
Answer by: Britney - 25 Jul 2014, 03:00:42

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.

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