Post by account_disabled on Mar 9, 2024 3:43:25 GMT -5
Why stop loss and take profit are necessary in Forex. Will they really be necessary? The article is about how you would like to move, move the take profit closer and stop loss further away. Also, how to stop doing it without much effort. In this article we will analyze: 1. Stop loss and take profit. Why do they irritate? 2. Why is a stop loss and take profit necessary? In summary. Hello, Let me guess: you are no longer new to trading. You may have tried a number of trading strategies that were not right for you. At the same time, you probably feel like you are placing your stop loss and take profit "not very well" or "in the wrong place." And if you have been trading for about a year, chances are you have already read about stop loss and take profit in trading books and seen this topic in videos on the Internet.
In this case, you're probably smiling now, expecting Mexico Mobile Number List another boring article about "stop for high low, and take at least 2 1 of the stop value..." But still somewhere deep inside you is a glimmer of hope that the author is able to "surprise" with something not so "touched" and more reasonable... I can say that I understand all these feelings. I hope I don't disappoint anyone. So let's get started. 1. Stop loss and take profit. Why do they irritate? Most stop loss trading materials describe it as something to "limit your losses." And everyone reads it and shakes their head, understanding that "yes, limiting losses is good, I agree, I understood everything, there is common sense in this"... But in practice, no one limits them.
Because why, if you can wait, "suddenly it changes." And "I am not a coward and I am not afraid of losing, no, on the contrary, I am brave, I can pass the loss." Or "what if I limit, and the price immediately changes...?" Yeah? In general, all circumstances are against the installation of stop losses. Take profit in turn positions itself as something that anyone can understand. "Profit fixing”. Why fix it if it could be bigger? They propose putting it "in the initial stages of 21 or 31 compared to the stop loss value." And all again "yes, yes, It's not bad to begin with, I agree, as long as you put it like that, and then we'll see..." And few people admit that it's not clear where exactly that ratio comes from? Why so? And the trader reads it , then a couple of times the price doesn't reach take, and you ask yourself.