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The use of stop loss and take profit is part of the money management, here we need to analyze how market movements and make a calculation how much we are capable of risking our funds. Without money management our trading will not run correctly, forex risk would be higher in this condition, we always have to look to the chart and ready to cut loss
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stop loss and take profit very profitable for traders because doing so will allow us to trade with the maximum capability and psychology if we are ever increasing and therefore we should be a lot to learn and practice trading so well that would allow us to trade with a maximum, demo account or real account we must trade using Sl and TP