DO NOT FORGET TO TAKE PROFIT

It is important for traders to have a trading target plan i.e. take advantage (TAKE PROFIT = TP) in addition to the loss (STOP LOSS = SL). With fluctuations in forex is very high, You need to set realistic targets on each trade. The magnitude of the target plan is certainly different for each trader. Scalper just need some points to close position. While traders who have a longer time horizon will be closing its position when it's getting hundreds of pips.

There are several ways to specify how the level of take profit. The first is directly set straight how pip profit you want. Another way is to use indicators of technical analysis to define when the right time to close the position.

You can use the level of TP and SL as a strategy. For example you can specify close the position when the profits had already reached the pips, and sell when prices are already down the pips. That certainly pips take profit should bigger and pips stop loss. For example:

Take Profit /Stop Loss
200	100
100	50

The magnitude of the target points above are not absolute, depending on your own as a trader. The question in your mind is probably why should set a target of trading. The answer is we never know what will happen tomorrow, after tomorrow, or next week. Maybe today we fortunately. Tomorrow we can also lose. So it is very important for us to set a target.

Suppose you diligently do trading. In trading 10 times not necessarily always good thing isn't it? Chances are Your profit is 50:50. So You 5 times the profit and loss time 5. See the following table to see the simulasinya (100 pips take profit and stop loss 50 pips).

No	Transaksi	Pips
1	Profit	100
2	Loss	-50
3	Profit	100
4	Loss	-50
5	Profit	100
6	Loss	-50
7	Profit	100
8	Loss	-50
9	Profit	100
10	Loss	-50
	Total Profit I Loss	250

And simulation above, seen that with a moderate loss of profit and probabiitas there are at least 250 pips profit. Of course if you are more careful and more proficient using a variety of analysis to trading, the result will be much greater.