ali200 Posted December 7, 2013 Report Share Posted December 7, 2013 I can never trade without using my stop loss and take profits, even if i trades the longer term that i might leave the trader for days, i will still place these essential rules that will help me to manage my account better in case of unexpected trading. To say the truth, you can not have them absent and thinks you are a better trader.Are you using stop loss or take profit? http://www.forex-metal.com/affiliate/46199/2 Quote Link to comment Share on other sites More sharing options...
Gaban Posted December 11, 2013 Report Share Posted December 11, 2013 Forex is a very risky business. risks in forex can not be eliminated, but it can only be minimized. To minimize the risks we need to do a good risk management. One is the placement of the SL and TP. So that we could make a loss limit. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Tanzil Al Banna Posted July 18, 2016 Report Share Posted July 18, 2016 I use both! In addition, stop loss trading tool helps me to save my trading balance from any unexpected result! On the other hand, take profit brings best income in my trading! Actually, I don’t set my SL and TP positions manually because of my low trading skill, but I set these tools based on live market analysis of TradingBanks broker!  Quote https://www.tradingbanks.com/ Link to comment Share on other sites More sharing options...
uncle gober Posted July 22, 2016 Report Share Posted July 22, 2016 I think most important work we have to do after making profits is that we should stay within good money management levels , but unfortunately when we make some profits we become greedy in wanting more so ultimately it give us horrible losses and we really never able to recover, so we must applying an stoploss and takeprofit in market same as like me in TICKMILL Quote Become IB on TICKMILL Link to comment Share on other sites More sharing options...
Gaban Posted July 22, 2016 Report Share Posted July 22, 2016 57 minutes ago, uncle gober said: I think most important work we have to do after making profits is that we should stay within good money management levels , but unfortunately when we make some profits we become greedy in wanting more so ultimately it give us horrible losses and we really never able to recover, so we must applying an stoploss and takeprofit in market same as like me in TICKMILL  yes, it has the ability to manage money properly it will make us survive in forex. Forex is a business that has a lot of risks and therefore, we should be able to clever in managing money well so the loss was not greater. And using Sl and TP will make our account survive in forex Quote www.instaforex.com Link to comment Share on other sites More sharing options...
ahmadvipro Posted July 22, 2016 Report Share Posted July 22, 2016 Forex is a business that has a high risk that we need to continue to enhance the ability of trading is good for us can trade with a maximum. and profit that we get we need to use it well Quote Link to comment Share on other sites More sharing options...
Gaban Posted July 28, 2016 Report Share Posted July 28, 2016 On 7/22/2016 at 5:24 PM, ahmadvipro said: Forex is a business that has a high risk that we need to continue to enhance the ability of trading is good for us can trade with a maximum. and profit that we get we need to use it well indeed forex is a business that has a lot of risks and therefore, to minimize the risk then we should be able to continue to improve the skills well, with increasing skills will allow us to trade with a maximum Quote www.instaforex.com Link to comment Share on other sites More sharing options...
uncle gober Posted July 28, 2016 Report Share Posted July 28, 2016 to want to get the profit we should be able to trade forex with a maximum, then with the forex trading skills must be increased so that more leverage in forex activities in TICKMILL Quote Become IB on TICKMILL Link to comment Share on other sites More sharing options...
Gaban Posted August 2, 2016 Report Share Posted August 2, 2016 always practicing on a demo account will make us be better trained to marketnya with accurate analysis, and trading psychology is what makes us survive in this forex trading Quote www.instaforex.com Link to comment Share on other sites More sharing options...
ahmadvipro Posted August 3, 2016 Report Share Posted August 3, 2016 Forex is challenging and that's why we must have good trading skills and also good trading psychology to make us survive in forex and then we will get maximal result in trading account ViproMarket Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 4, 2016 Report Share Posted August 4, 2016 Forex risk is very high and therefore, we need to be able to minimize the risks properly so that it will benefit us. By always using SL and Tp when trading then we will be able to minimize the risk well Quote Become IB on TICKMILL Link to comment Share on other sites More sharing options...
Tanzil Al Banna Posted December 21, 2016 Report Share Posted December 21, 2016 If you wanna be a profitable Forex trader then you should use both of them! They are not alternative choice against other, so don’t compare SL with TP! In my live trading, I use my SL levels so willingly, since I have narrowest trading spread facility from TradingBanks! This is way, I make my daily trading target so early! Quote https://www.tradingbanks.com/ Link to comment Share on other sites More sharing options...
ForexMartTrader Posted February 13, 2017 Report Share Posted February 13, 2017 It will difficult to enforce money management without the use of take profit and stop loss. Good money management involves the use of  both take profit and stop loss. Omitting either of them will put you at a disadvantageous position. Quote https://www.forexmart.com/register?id=ZERJM  https://www.facebook.com/ForexMart Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.