Redoy94 Posted August 28, 2013 Share Posted August 28, 2013 The take profit is very important for all trader.If we not use the take profit then we cannot make good profit alltime and alltime we are not make profit from our trade. Quote Link to comment Share on other sites More sharing options...
euro Posted September 18, 2013 Share Posted September 18, 2013 You can if you have to step away from your pc since I always need to do something you know. I can't sit in front of the screen forever without getting some water or going to the restroom or answer a phone call so I try to use it just to prevent large loss or if it dips. It always dips within like a fifteen minutes zone so I know when it dips almost all the time so I do take profit or else it will dips but trail stop is good too. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 26, 2014 Share Posted January 26, 2014 That is mainly because all traders want to protect their position from losses. Everyone is afraid of losing and it becomes safer to avoid losing than pursuing profit. What makes a safe trade is, even if you don't gain, but don't lose much so you can live to trade another day. Quote Link to comment Share on other sites More sharing options...
surya77 Posted February 8, 2014 Share Posted February 8, 2014 take profit is hard becasue you may wrong open position or so on. but I self is suggest for you to learn more how to trade with perfect trading stsrategy and money managements is important poin in here. Quote Link to comment Share on other sites More sharing options...
standart Posted February 10, 2014 Share Posted February 10, 2014 TP tool worth to use since it will lock traders profit. if have specific target per trading, better if traders set TP. or traders able to point out in which level the price will move, they can set TP to lock the profit. use TP usually along with SL. traders conduct semi automatic trading because they are not necessary to always monitoring the trades. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted February 10, 2014 Share Posted February 10, 2014 yes we have to stop loss in forex trading because loss is not best for us while we can do trading take profit is not easy but we can get the profit if we can learn about the forex and do practise more and more in demo acount Quote Link to comment Share on other sites More sharing options...
tray22 Posted February 22, 2014 Share Posted February 22, 2014 Take profit is one of the best instrument which a trader need to trade with if you dont have take profit been set into your trade i dont think you should start trading never just be sure that you first learn how to trade from the bottom of your mind and use both take profit and stoploss to gain something good Quote Link to comment Share on other sites More sharing options...
Decub Posted February 23, 2014 Share Posted February 23, 2014 Take profit is worth it and is something that is more than necessary to put. However,if the trader is fine manually watching his trade, then he might decide to skip it and manually protect it. The TP can be used together with the SL to ensure a better result. This skills is something that is achieved by learning and practicing. Quote Link to comment Share on other sites More sharing options...
somupriti Posted February 25, 2014 Share Posted February 25, 2014 I have read some where about controlled trading. Where it was advised to keep control over your trading when you are new to this business. This is only to keep you self in a safer position irrespective of the market situation. SL and TP are measure factors of controlled trading. I don't know after taking one TP, is it a good idea to reinvest in the same pair when the signal is in positive swing or not!!! Quote Link to comment Share on other sites More sharing options...
Stekin Posted March 3, 2014 Share Posted March 3, 2014 The traders who want to be making good trading profit from their tradings should be able to be using take profit all the time. This thing will help them to be able to handle their profit. If the trader uses take profit and support it with take loss, it will make their trade and position better so that they will not be affected by so much loss in the trading. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 19, 2014 Share Posted November 19, 2014 Hi Traders, Lets share your opinions here. All of us talk about the importance of stop loss but take profit is given less importance. Share your experiences about Take Profit. Take profit has bigger importance more than you ever think, one of the tools that will doing their job as fast as you can. For me, it is a tool that allow me to take a rest after open a position and just close my platform. I think TP as one of the tools to manage the risk. Quote Link to comment Share on other sites More sharing options...
standart Posted January 5, 2015 Share Posted January 5, 2015 if we are willing to take profit over the complex market, mean that we should has ability to read market and circumstances. things run complex but if we are has understanding, we will know how to cope complexities and make risk stand on minimize level. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 6, 2015 Share Posted January 6, 2015 So worthy for traders, take profit will give them chance to manage the risk well, i am the witness since i am a produt take profit users. But if you want to use this tools make sure you already have a nice risk management first, with TP i only set it after SL and then quit my platform. Quote Link to comment Share on other sites More sharing options...
standart Posted January 7, 2015 Share Posted January 7, 2015 if we are struggle still, and hard to make profit, take learning and keep patient. believe that long learning period, worth to take. since skilled mean that we are has ability to make profits more than losses. in other word, we are able to stand profitable. Quote Link to comment Share on other sites More sharing options...
surya77 Posted January 9, 2015 Share Posted January 9, 2015 is hard to take profit in forex trading we must always elarn and learn and more practice to become senior trader in here. if for newbies maybe is dream for quick time become rich. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 13, 2015 Share Posted January 13, 2015 Still 1000% worthy for trader, Take Profit is the only tool that will make your profit capture automatic. Before i use take profit, it takes longer time for me to cut the profit. also it is tiring but after using Take Profit everything is doing well. Quote Link to comment Share on other sites More sharing options...
Upul Tharanga Posted April 15, 2015 Share Posted April 15, 2015 It’s a really strong point in trading to be using Take Profits; it is a method that helps us to be secure even if we are not around. If we have mobile phone facility then it’s not necessary to use TP, but without that it’s important. I work with Nova FX broker and they have really wonderful system, so I can trust them with using TP without stress of facing manipulation or any problem, it’s a regulated broker so I can use TP without any fear. Quote Link to comment Share on other sites More sharing options...
myregister Posted April 19, 2015 Share Posted April 19, 2015 It’s a really strong point in trading to be using Take Profits; it is a method that helps us to be secure even if we are not around. If we have mobile phone facility then it’s not necessary to use TP, but without that it’s important. I work with Nova FX broker and they have really wonderful system, so I can trust them with using TP without stress of facing manipulation or any problem, it’s a regulated broker so I can use TP without any fear. Why? It still necessary you can turn your computer on for 24 hours, and so do phone too but it still important guess what? Because you don't have to close your position since if that hits the points/pips you will make profit and the position will closed automatically, so even you are sleeping you still can make profit. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 13, 2015 Share Posted May 13, 2015 Take Profit? Of course this is very worthy up to now i am still using it and i think one of the best way to limit myself, because sometimes when i reached my current profit i want to get higher and higher again so this is bad if i cannot control it. Quote Link to comment Share on other sites More sharing options...
myregister Posted June 23, 2015 Share Posted June 23, 2015 Take profit no matter what is always a worthed thing to do. It is a counter measure against your greedy, from my perspective Take Profit could give me more profit or at least the same amount of profit that i want, if there condition does not meet it won't closed automatically. Wothed isn't it? Quote Link to comment Share on other sites More sharing options...
pepy Posted July 2, 2015 Share Posted July 2, 2015 Take profit no matter what is always a worthed thing to do. It is a counter measure against your greedy, from my perspective Take Profit could give me more profit or at least the same amount of profit that i want, if there condition does not meet it won't closed automatically. Wothed isn't it? So worthed and this is why it is an important tool that i myself still use right now because of its usefulness and based on my own experience Take Profit is really helpful. All my profitable trading closed by TP, sometimes the closed price even more than what i set. It is what i called as positive slippage LOL Quote Link to comment Share on other sites More sharing options...
myregister Posted July 8, 2015 Share Posted July 8, 2015 So do i how can you ignore this useful tool that help me a lot to cut profit as fast as possible even i don't turn the platform ON. For me TP worthiness has been proven but still there are many reason why people don't want to use it. If i don't reach my TP i just cut the loss manually and still in profit isn't it? No loss, also we can feel comfortable with it and don't have to stare monitor for long time. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 13, 2015 Share Posted July 13, 2015 TP is not cut loss but limiting your profit so you don't have to be greedy, i am sure that each of you ever feel that you want to keep hold one currency for long time with the price that keep rising and after a while it falls you think to hold it for a while hoping it would reverse. TP is useful here so you don't do something like that over and over again. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 24, 2015 Share Posted July 24, 2015 It is cut profit but the system who did for us not us, in this case the system is the platform that we are using and you can say that robot that execute this one for you. Well i prefer this way since it is more comforatble and i don't have to spend much time in front of computer cause it is too tiring. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 8, 2015 Share Posted August 8, 2015 Take profit up to now still worthy, i don't see any non worthy side, because it only gives me positive slippage and never execute the position if the price will fall down from the price that i put. Usually i combined this one with stop limit. Quote Link to comment Share on other sites More sharing options...
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