Exit from a trade depends on your trading strategy. It is also a part of your strategy. For scalping some people target very few pips. For long term trading risk reward ratio, support and resistance and many aspects are there to decide. Sometimes market situation demands an early exit.
Dec 13 2020 at 15:38
What is the question ?
All you are saying is true .. but ??
All you are saying is true .. but ??
If a trader does not follow the risk rewards and money management properly, he will never be able to become a successful trader.
UweMoench posted:Yes having a good strategy is very valuable to make money but you can only make your own strategy if you have good experience in Forex trading.
Exit from a trade depends on your trading strategy. It is also a part of your strategy. For scalping some people target very few pips. For long term trading risk reward ratio, support and resistance and many aspects are there to decide. Sometimes market situation demands an early exit.
I just don't understand such discussions. Where is the description of your question? what exactly you are interested in or perhaps you have a problem with it? You are speaking simple truths, and there is no point in arguing here.
Just let's make this place interesting and share really worthy information.
Just let's make this place interesting and share really worthy information.
Samuelkoi posted:I think he is sharing the simple statement regarding exit from a trade but nothing else.
I just don't understand such discussions. Where is the description of your question? what exactly you are interested in or perhaps you have a problem with it? You are speaking simple truths, and there is no point in arguing here.
Just let's make this place interesting and share really worthy information.
Although, I would say that this fit well in new trader section, not in general one.
Dec 14 2020 at 11:40
I agree with you. Proper trading plan should contain both entry and exit condition of a trade.
Dec 14 2020 at 12:53
You should make the right decisions at the right time to survive in this risky market.
If we are here to post generally understandable facts, then OK, I can do that too...
In order to open a trade, you need to correctly determine the entry point and know in advance the target for the exit.
But this is unlikely to help someone trade better...
In order to open a trade, you need to correctly determine the entry point and know in advance the target for the exit.
But this is unlikely to help someone trade better...
Dec 18 2020 at 11:37
downtown posted:ya..there is no point of creating threads then.Samuelkoi posted:I think he is sharing the simple statement regarding exit from a trade but nothing else.
I just don't understand such discussions. Where is the description of your question? what exactly you are interested in or perhaps you have a problem with it? You are speaking simple truths, and there is no point in arguing here.
Just let's make this place interesting and share really worthy information.
Although, I would say that this fit well in new trader section, not in general one.
Dec 23 2020 at 10:31
Yes, the trading strategy has a lot to do with it. It’s a big part of the trading plan.
Jan 18 2021 at 04:11
I don’t risk more than 2% of my trade. This is something I’ve been doing for a long time and it is actually an effective strategy.
Jan 18 2021 at 07:09
this is a question i believe no one can answer. i think all the people have different strategies towards the trade. there are few people who calculate using the percentage and there are few who look at the market. So i dont think there could be any specific answer to it.
Jan 18 2021 at 09:03
This is a really important component of the trading session. And here you have to be really confident in dealing with your own emotions - because a lot of tension and stress can lead to unwarranted decisions and mistakes.
I consider timing an exit more important than when to enter. You can enter a trade at almost any time and make a profit as long as you time your exit properly
You are correct in pointing out that it all depends on strategy.
But it can really undo all the things you've done before, so you definitely have to be careful here.
But it can really undo all the things you've done before, so you definitely have to be careful here.
It is not possible to make money if the trading strategy is not right. You need to know which is the most profitable strategy. And it is possible to make a consistent profit by trading in any way.
Jan 26 2021 at 11:14
People have different opinion on when to enter or exit the trade depending on their trading style.
Feb 26 2021 at 09:57
That is right and it totally depends on the trade and how it might turn out to be.
Jun 05 2021 at 13:00
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
