Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



Take Profit.. Worthy?


Tariq777

Recommended Posts

l think it is better to put a reasonable target to take profit and following the profit with trailing stop is the best style.take profit target will be depend on your position if you join to a brak our or you are scalping.as long as there is a trailing stop settings l think trader can decide the reasonable exit.l dont succest lessthen 10 pips.

Link to comment
Share on other sites

Yes I too prefer the trailing stop to take profit. There are times when you set a take profit and you find outthat the market eventually moved a lot of pips ahead of you take profit. using a trailing stop will help you to lock and protect your profit. At the same time, it will help you to makethe maximum profit possible from a particular trade.

Link to comment
Share on other sites

  • 3 weeks later...
  • 1 month later...

I am of the opinion that the take profit order is as important as the stop loss order. I f you were to take a trade, then you'd want to make sure that the market price target is hit and this is only achieved by using the take profit. The take profit will also not require a trader to sit in front of the computer until the target is hit.

Link to comment
Share on other sites

  • 11 months later...

Yes take profit is also a good tool and I often use it in Forex trading but I do not use it in all my trades like stop loss. Many times I leave my trades without a take profit but I never leave any trade without a stop loss unless I doing a very quick scalping.

i think that feature is good to same just like your opinion, but i prefer stop loss since i think that risk management is important and if i made a lot of mistakes i can stop myself from trading and also it will be good to make me get more loss in the next trading. but i think that is depend on the condition too

Link to comment
Share on other sites

Stop loss is just plain feature in Forex trading platform. Well, if we are not the experience trader on monitoring our trades we should definitely put stop loss and take profit in tandem. Because, these are important way to have control and to have manage several or simultaneous trades. I always feel that it will be good for any strategy either scalping or long term trading.

Link to comment
Share on other sites

  • 2 weeks later...

Different people have different views on the take profit. For very fearful trader like me, i always use both the take profit and the stop loss. However, if i am lucky to see a trend that appears promising, then I just remove both the stoploss and take profit and replace them with a trailing stop. Some traders believe you should only limit your loss and leave your profit limitless.

Link to comment
Share on other sites

Different people have different views on the take profit. For very fearful trader like me, i always use both the take profit and the stop loss. However, if i am lucky to see a trend that appears promising, then I just remove both the stoploss and take profit and replace them with a trailing stop. Some traders believe you should only limit your loss and leave your profit limitless.

i think you should control your emotion first, fearful trade only limited their earning, i think what you do for yours is good enough for now, and then next trying to do analyzation or learn something from expert, sometimes they can give you some good advice for your own good sake. controlling fearful emotion will make you become a better trader and will give you better result too

Link to comment
Share on other sites

Or there will be no trades happening or even not use of these take profit or stop loss. Well, traders should have realization about the market conditions before,w e can decide if we can have reasonable use of take profits. I better say that it will always depends on our strategy like long term trading then, we will have big pips target with a low minimum lot size. So, we set T/P long enough relevant to our trading.

Link to comment
Share on other sites

I am of the opinion that the take profit order is as important as the stop loss order. I f you were to take a trade, then you'd want to make sure that the market price target is hit and this is only achieved by using the take profit. The take profit will also not require a trader to sit in front of the computer until the target is hit.

as long as we are not in loss then taking profit is something that is available to do. as long as we already set stop loss i think that is already enough for the first step, and make sure we encourage ourself and also keep focus with trading, and make sure we take the profit

Link to comment
Share on other sites

  • 1 month later...

Take Profits does come handy is several situations as the market tends to rebound and the profits sometimes is reduced in the TP is not in place if not gone away. It is a good practice to place a TP by looking at the support and resistance levels as those levels are sometimes the main region where the trend reverses usually...

Link to comment
Share on other sites

  • 2 weeks later...

To make a profit is the main goal of business. But without risk there are no business, so if we want to make a profit we need to leave our greed and be honest. Then we can be success in life. If we want to start the forex business we need to learn more about it, so we can join a forex school and can increase our knowledge.

Link to comment
Share on other sites

Make money from forex is easy and every man can make money from forex by his honest and hard work. Work hadr is a good for be success in forex so if a man want to be success he need to learn more and more and work hard. Then he will be success and he can be make money.

Link to comment
Share on other sites

Make profit is the main goal for a business, so when a man want to start a business he need to make a plan to be success. Forex business is also same like that. So a man can start a forex business easily but it is not easy to make a success. So he need to take a training.

Link to comment
Share on other sites

I really don't get the question of this thread. Of course its alreay a profit so we get it so why ask the question why? It does not make sense to me. its like asking why a do you breath or drink water and so on. In forex we trade to make profit. Simple as that and I do hope that we can become a successful trader so its not a question why really.

Link to comment
Share on other sites

With take profit our trading have a clear target, prices go up and down and difficult to predict precisely, with take profit we would not face losses if the price reverses direction, discipline with take profit will keep us from greater losses because of the desire to get as much as possible without considering the risks and without having a target.

Link to comment
Share on other sites

Make profit is the main goal for a business, so when a man want to start a business he need to make a plan to be success. Forex business is also same like that. So a man can start a forex business easily but it is not easy to make a success. So he need to take a training.

It is true, making profit is actually the main goal for every business. Specially on the forex business, every trader and investor, they want to make profit as much as possible in forex business. We have to be smart in forex business. Specially when we have to exit the position and making profit

Link to comment
Share on other sites

  • 2 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...