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Old 09-24-2008, 08:42 PM
Newbie
  

Join Date: Sep 2008
Posts: 12
Default SL and TP
Hello everyone I am new here and looking for answers for my MT4, I got the idea on how to trade so I want to know how far apart may I set my SL and TP is there a rule for that. I am trading on the minute view so the support and resistance don’t really apply here. So what should I know?
Last edited by amamil; 09-25-2008 at 11:33 AM.
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Old 09-24-2008, 09:03 PM
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Join Date: Sep 2008
Posts: 57
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Quote:
Originally Posted by amamil View Post
So what should I know?

A lot more than you currently do. If you have to ask this question you should study more before starting to trade even on demo. Read the forums more, the answers you'll get here in this topic will very likely not be enough to teach you all you need to know to trade properly.
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Old 09-24-2008, 09:54 PM
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Join Date: May 2007
Posts: 149
Default I agree
It seems to me that Equilibrium's response stems from your particular phrasing of the question. How far apart may you set your S/L and T/P? You are allowed to set them 1 pip apart or as far as 1000 pips apart. The question has no real meaning. S/L and T/P are both important but vary based on the psychology of the trader, what time frame you're trading, how much money you have in your account, etc. Learn a lot more before you try trading.
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Old 09-24-2008, 11:07 PM
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Join Date: Jun 2008
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Forex Training & Education: Beginner Foreign Exchange Currency Trading
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Old 09-25-2008, 11:37 AM
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Join Date: Sep 2008
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Hey thank you for the link it is a lot more complete than the one I read in tradeview, well actually it complements it quite well. I’ll read up and come back if I have more questions.
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