Dislikedi'm newbie,can you give me some advice if i want to take profit 30 to 50 pips,,,how many pips i've to set the stoploss?Ignored
If you are new to the game and want to be profitable for the long run i would suggest to be ready to put hours on end into understanding what you are doing and why. (this may take a few years). Hopefully you truly have a passion for trading if so the learning curve will come a lot faster.
As i have been trading for a few years i know why my system is profitable which allows me to have true insight on where to place my stops. Risk reward
to me is a guideline. Max risk per trade is fixed.
Maybe some other traders can chime in with some good advice!
My trades are 100% profitable 65% of the time!