For beginners it is very important from the very beginning of the name right of the market, which will help him to immediately begin working in that direction which will bring him a profit.
Many novice traders lose months, and some years doing brute-force strategies, advisers, trying to find the methodology that will give him a profit.
In this course you clearly see that the profit can bring even the most simple strategy, if it got to understand, learn and then strictly adhere.
Issues related to the Stop-Loss and Take Profit indeed seem simple, but in fact it is one of the most difficult issues.
Stop Loss and Take Profit are set for determining the exit strategy, which is associated primarily with our psychology, understanding of the market and asset management.
To begin with, the installation of Stop Loss is the stumbling block of many beginning traders.
Some completely entangled with its installation does reject it and work without using any Stop Loss or opening position in the opposite direction.
This is a gross error Protective stop should be used and for this we must study the method of its use.
With regard to the situation when the schedule is set by Stop Loss, it is likely the case when it is installed incorrectly and the terminal it just did not accept.
As a possible variant of such a failure can assume that the Stop Loss can be set too close to the open position or already installed in the open position in the rapidly growing market.
Therefore the price would have to surpass during the installation.
If you give me an example, ie at any terminal in any company is going and the details of installation of Stop Loss, I may be able to report something more specific.
All other issues - are matters of specific trading strategies.
Some points I have mentioned in previous releases mailing related issues Stop Loss and Take Profit Orders Buy Stop, Buy Limit - this is just tools to enable you to implement your strategy.
Buy Stop - an order to buy, set in the case when the effective price is below the level set by the warrant.
In this case we assume that the price will reach the chosen level and continue on their climb.
We establish deferred Buy Stop order and we expect that the price will grow at the above scenario.
Ie price will rise to the level of Buy Stop will keep its growth.
Buy Limit - an order could be established when it is assumed that the price is above placing orders and when price reaches, ie descend to the level of Buy Limit, it will unfold, and will rise again, which will give us the opportunity to take profits.
Warrants Sell Stop, Sell Limit set exactly the opposite.
In addition to the already open position, I would recommend not to hurry and get used to the accompaniment of a single warrant.
Adding to the open position is already the next level of complexity to the trader, the higher qualification.
And if you try to add to the already open position it will only confuse you.
In order to develop methods for adding and coups must have been already tested and run in the strategy, otherwise you just make mistakes.
Ie need to learn the trade from simple to complex.
Warrants for the closure of Take Profit is also placed on the basis of your strategy is one of the tools of implementation techniques out of the market.
I understand that you have not received the answer that would be: "where and how specifically" The fact that a myriad of options here and there so that's specifically "how to hang in grams, is impossible to say:) All of these warrants are set based on the analysis chart quotes, technical, fundamental and decision options according to their strategy.