photo

Forex Community Place

Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 3 of 4 FirstFirst 1 2 3 4 LastLast
    Results 21 to 30 of 37

    Thread: Which is the most important for a trader - stop loss or take profit ?

    1. #21
      FX Vampire
      I am:
      ----
       
      dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade is a splendid one to behold dtvade's Avatar
      Posts
      1,665
      Accumulated bonus
      1269 USD (What is this?)
      Thanks
      2,349
      Thanked 1,129 Times in 656 Posts

      Default

      Stop loss and take profit are for the purpose of risk and money management. They help the trader in being sure of what possible outcome should be expected but without these (a naked trade0 the risk cannot be defined. By my own understanding stop loss is more important than take profit in the sense that with no stop loss if the trade goes against me and it continues for long the account may be wiped out at the end of the day. When there is no take profit and the trade favours me and continues for long then I am likely to me a kind of an unexpected profit which is going to be encouraging at the end of the day. Clearly, stop loss is more important and that is the reason why it is even described as protective stop loss


    2. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    3. #22
      Forex in the blood
      I am:
      ----
       
      oluwafemi will become famous soon enough oluwafemi will become famous soon enough oluwafemi's Avatar
      Posts
      293
      Accumulated bonus
      40 USD (What is this?)
      Thanks
      81
      Thanked 158 Times in 107 Posts

      Default

      Most traders made a mistake of entering a trade without having any means of exit planning . This so called trader often ends up with desired profits or facing losses. There is always a room that could involved essential negative , in trading currencies and which as a actuality for loss. When place a trade, have a mandate persistent and must have a plan and to endure to it.
      Stop-loss can serve as protection in a way of losing ones profits is moving gradually towards a lower state or value. Stop-loss is also seen as an order that one can use as mail to a mediator to instruct them to limit the losses on individual open status or trade. While the take profit is a command that one mail to their broker inform them to close ones status or trade when a positive price strike a adequate price level in profit. One can exit order, when the price action has figure a thread against ones stand. One can end up, a trade just because one think the market is going to affect one stop-loss. Stop-loss decision indicates, the present market state, not on money one expecting to make.
      Take profit could exit a trade when one have a satisfactory profit, rather than waiting for the market to collide against one and then exiting out of fear. In a case of take profit, order is launch when the value stretch to a limited price, closing ones position for a profit.


    4. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    5. #23
      Forum Master
      I am:
      ----
       
      amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56 has a reputation beyond repute amiron56's Avatar
      Posts
      7,264
      Accumulated bonus
      2387 USD (What is this?)
      caught pokemons
      1 (What is this?)
      Thanks
      2,871
      Thanked 2,707 Times in 1,098 Posts

      Default

      Stop loss and take profit both very, very important to follow while we are incredibly serious to guard our account from unusual loss and high risk profit. Many times we follow a different dangerous factor are created naturally or politically which make forex markets unpredictable of its motion. By the way, if our trade disfavor us and goes negative side, then very few minutes all invest will be finished. That's exactly why I think stop loss is unquestionably more important than Take profit. But who loves both, to use in every trade, he defiantly wise trader.

      Guys Stop loss is a great friend of a good trader, but if he has no good experience and skill on stop loss, stop loss will be most unexpected and hateful friend.

      So use of stop loss and learning of stop loss both we need to dignify equally.
      Last edited by amiron56; 10-14-2018 at 07:33 AM. Reason: add word


    6. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    7. #24
      I just can't quit pips!
      I am:
      In_Love
       
      bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u has a brilliant future bangash4u's Avatar
      Posts
      5,508
      Accumulated bonus
      786 USD (What is this?)
      caught pokemons
      3 (What is this?)
      Thanks
      644
      Thanked 2,025 Times in 874 Posts

      Default

      I think that both Stop loss and Take profit are important for a forex trader. Because both Stop loss and Take profit will make a trader to control trading mistakes. Sometimes, when take profit will play it's part in improving our profit, because even if we are not connected to the forex market, still we will be able to get some Profit, if market moves in our favor even for a second. Sometimes, a spike can touch a take profit in a second and then moves in opposite direction. Similarly, Stop loss has its own importance in controlling the losses of Forex market. It can be used in forex in order to avoid unfavorable conditions.


    8. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    9. #25
      Banned
      I am:
      ----
       
      Ambitious is a glorious beacon of light Ambitious is a glorious beacon of light Ambitious is a glorious beacon of light Ambitious is a glorious beacon of light Ambitious is a glorious beacon of light Ambitious is a glorious beacon of light Ambitious's Avatar
      Posts
      341
      Accumulated bonus
      276 USD (What is this?)
      Thanks
      1,451
      Thanked 650 Times in 276 Posts

      Default

      Every trader will open order for making profit but its a online business and not giving only profit on every trade we also have a plan of recovering loss which will get from market, our trading strategy will tested in demo account then we will get more pips from live trading.
      Never think your all trades will hit take profit but increase your experience and if your mind will understand the market movement then you most of the new order will hit the take profit but its will need hard work and time then we will think like experts trader and we will manage our account with good profit and safe it from margin call and big loss.in the beginning time we all think for big profit and lack of knowledge will give only margin call which is not a proper way to manage forex business.


    10. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    11. #26
      MT5 Maniac
      I am:
      ----
       
      tradwin is a glorious beacon of light tradwin is a glorious beacon of light tradwin is a glorious beacon of light tradwin is a glorious beacon of light tradwin is a glorious beacon of light tradwin's Avatar
      Posts
      3,213
      Accumulated bonus
      710 USD (What is this?)
      Thanks
      119
      Thanked 472 Times in 339 Posts

      Default

      In fact, stop loss order and profit taking are both very important and can not be very different. Stop loss is something that closes your deal when you reach a price. specific. It is used as a safe failure mechanism to protect trading money if the transaction does not produce the desired results. Therefore, stop loss is necessary to protect capital, especially for daily trading and scaling, and there are different types of stop loss and a number of ways to locate.
      Knowing where to place a stop-loss order is sometimes vague. For example, you can use technical analysis to determine levels to help you place a stop loss order, or you can only place a stop loss based on the amount of time the position is opened, so stop loss is also a risk to your trade if you do not improve the stop loss study To benefit from it without affecting your earnings.

      And The take profit order, it is also jvery important as stop loss simply because if you do not put End to your earnings, your positions will turn to loss especially if your trade is short term because the market become very volatile in recent years that making it quick to move back in one day without strong economic news.

      With all this importance of take profit and stop loss, some traders prefer to keep their positions open and close prefer to close it manually.
      Finally each trader remains free to choose the way of work in this market.


    12. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    13. #27
      FX Zombie
      I am:
      ----
       
      Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie has a reputation beyond repute Obie's Avatar
      Posts
      2,890
      Accumulated bonus
      2007 USD (What is this?)
      Thanks
      1,610
      Thanked 2,095 Times in 859 Posts

      Default

      From the perspective of professional trading, the most important consideration for a trader is the Take Profit. The reason for this unusual viewpoint is that when a trading position is in profit, what determines the amount of profits the trading position will earn is at what point the trade will be closed. In other words, profits are not profits until they are booked. Contrary to what many traders believe, the most important consideration when a trader opens a position is not the Stop Loss level. Stop Losses can actually be a hindrance to profitability when they are set too close to the current market price. In addition, it is often better to use a time-based Stop Loss than a physical Stop-Loss. Stop Loss orders are not the saviour of trading accounts they are often thought to be. Instead, there are techniques in risk management that do a better job of managing trading risk better than the Stop Loss order.

      Many traders do not know how to confidently set Take Profit levels and this contributes to their frustrations with trading because sometimes profits turn to losses because traders do not correctly assess the probability of a continuation in momentum and current price direction.


    14. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    15. #28
      I just can't quit pips!
      I am:
      ----
       
      bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani has a reputation beyond repute bigani's Avatar
      Posts
      5,531
      Accumulated bonus
      2029 USD (What is this?)
      Thanks
      1,046
      Thanked 2,849 Times in 1,131 Posts

      Default

      Both the stop loss and the take profit are very important, we must set all parameters as we enter a trade,it helps to protect our trading account,but if we are to put them in order of priority then the stop loss will come first. Many times traders have lost not because they do not know how to trade but because they refuse to use the stop loss properly,the first rule of Forex trading is equity protection,it is only after that we start talking of making profits.Part of trade analysis is trade management and the stop loss forms a very integral part of our trade management,when you do not set a stop loss it is very possible to lose all your equity in just one trade and that is not being discipline at all, the good thing about Forex trading is that we can set pending orders with stop loss and take profits before clicking the order.The stop loss also helps us to determine the win/stop ratio before deciding if it is a worthwhile trade,if the loss is greater than the win ratio then definitely that is not a good trade to enter.There must be a decent reward ration before taking a trade that is very important.A lot of traders use what is called mental stop loss,they know were their stop is but it is not placed on their platform when price gets there they will have to decide if to close the trade manually or not, the problem with that is that network might suddenly become a problem if you want to close such trades or your platform might suddenly freezes,then you have a big problem in your hands.


    16. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    17. #29
      MT5 Addict
      I am:
      ----
       
      Kajoo has a spectacular aura about Kajoo has a spectacular aura about Kajoo's Avatar
      Posts
      608
      Accumulated bonus
      217 USD (What is this?)
      Thanks
      0
      Thanked 186 Times in 150 Posts

      Default

      Dear traders, actually it depends on the proficiency level of traders that which strategy they use to earn profits from forex market. What their experience level in trading is? which strategy they use to escape themselves from big losses. Any how, stop loss and take profit, both the tools are very effective and smart. The traders who use stop loss can never have to face huge losses or any time in case of washing their accounts as a whole. Take profit also is a check to collect your profit part from the market at the right time, without wasting any moment. The traders who don't use stop loss and take profit always have to repent at their misconduct.


    18. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    19. #30
      FX Zombie
      I am:
      ----
       
      Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee has a reputation beyond repute Honey Bee's Avatar
      Posts
      2,279
      Accumulated bonus
      2556 USD (What is this?)
      Thanks
      9,670
      Thanked 8,191 Times in 1,928 Posts

      Default

      These are the basic tools used in live trading every trader will have plan how much they will earn profit and accept loss with using stop loss and take profit tool, this will be more helpful for us when we are not active our trade will closed and have no tension of big loss, when market will reached the take profit level then profit will added in our account. so my advice to all trader must use stop loss and take profit tool on your every trade it will be protect our account from margin call and have no fear in doing online trading.


    20. For the posts posted after 23.10.18, the likes will be displayed after 23.12.18
    Reply to Thread
    Page 3 of 4 FirstFirst 1 2 3 4 LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts