2X SL and Buy Long/Sell Short

Beginner Questions
4

Hi.

  1. If you Buy at 1.22696 and set your SL at 1.22596 and your TP at 1.22896 that would give a TP at 2 x your SL

HOWEVER I would never do this! Your SL and TP should be set according to what you see on the screen in front of you and whatever your trading system suggests, not on some arbitrary figure you would like it to be

You’ll understand more when youve been thru the school.
You can also read this Newbies Guide To Becoming A Forex Trader

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