I think nearest support/resistant level is the best area to set SL/TP! Basically support & Resistant level plays very important role to set Stop loss position! By the way, don’t try to set your SL by any random number like 20 pips, 30 pips etc!
Learn from your own trading mistakes, believe me that’s the best way to learn Forex without any cost! On the other hand, using the demo account with a proper manner is another important element here! If you can use your demo account with enough sincerity, then sure you’ll be a successful trader...
Well, I have a fixed choice on trading leverage! Basically, I don’t use my leverage according to my own wish, it’s all about trading strategy’s requirement! According to my game plan, I need only 1:100 trading leverage! Although I have more options from Eurotrader bro but I would like to follow...