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Forex Fixed or Variable TP/SL

Discussion in 'Forex Forum' started by Ernie11, Mar 15, 2015.

  1. Ernie11

    Ernie11 Guest

    Hello everyone. By the thread name I mean, when choosing a tp/sl do you always use the same amount every trade or you change it every trade depending on different things? An example, do you always use 200pip TP and 150pip SL every trade or do these numbers change trade to trade? Im asking because I see some people use fixed amounts every trade but others using different amounts and would like to hear the reasoning behind both sides. Thanks.

  2. Diego San

    Diego San Member

    Dec 10, 2019
    Some portion of determining probabilities includes forecasting market direction and when/where to go into a position, yet similarly significant is determining your risk-to-reward ratio. Remember, there is no mystical mix of technical indicators that will open a type of secret trading strategy. The secret of fruitful trading is acceptable risk management, discipline, and the capacity to control your feelings. Anybody can figure right and win now and then, however without risk management, it is for all intents and purposes difficult to remain beneficial after some time.

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