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Tuesday
Forex Tips and Tricks: Stop Loss and Take Profit
How much STOP LOSS and TAKE PROFIT point are? Hm, this is a difficult question to answer. I belive there is no 100% correct answer for this.
Tune the numbers based on your own experiences. But to me, SL (Stop Loss) is about ± 100 points from my open position and TP (Take Profit) is about ± 75 points from my open position.
So, SL is telling you how much you can sustain loses while TP is telling you how much profit do you want. They are as simple as that!