Advertisement
Exit from a trade
Dec 13, 2020 at 11:33
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.
Mitglied seit May 08, 2020
1 Posts
Dec 13, 2020 at 15:38
What is the question ?
All you are saying is true .. but ??
All you are saying is true .. but ??
Dec 14, 2020 at 05:50
UweMoench posted:
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.
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.
Dec 14, 2020 at 07:51
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.
Dec 14, 2020 at 08:39
Samuelkoi posted:
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.
I think he is sharing the simple statement regarding exit from a trade but nothing else.
Although, I would say that this fit well in new trader section, not in general one.
Mitglied seit Jul 23, 2020
816 Posts
Dec 14, 2020 at 11:40
I agree with you. Proper trading plan should contain both entry and exit condition of a trade.
Mitglied seit Jul 19, 2020
283 Posts
Dec 14, 2020 at 12:53
You should make the right decisions at the right time to survive in this risky market.
Dec 18, 2020 at 11:29
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...
Mitglied seit Jan 11, 2019
140 Posts
Dec 18, 2020 at 11:37
downtown posted:ya..there is no point of creating threads then.Samuelkoi posted:
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.
I think he is sharing the simple statement regarding exit from a trade but nothing else.
Although, I would say that this fit well in new trader section, not in general one.
Mitglied seit Oct 29, 2020
47 Posts
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.
Mitglied seit Jan 11, 2019
140 Posts
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.
Mitglied seit Sep 12, 2017
232 Posts
Jan 26, 2021 at 11:14
People have different opinion on when to enter or exit the trade depending on their trading style.
Mitglied seit Jul 23, 2020
696 Posts
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.
Mitglied seit Mar 17, 2021
494 Posts
Dec 29, 2021 at 05:43
SofieAndreasen posted:
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
TP and SL are the most important element for new traders to survive in this market
Mitglied seit Jul 20, 2020
385 Posts
Dec 29, 2021 at 11:54
SofieAndreasen posted:
Set TP and SL at beginning of the trade. Don’t adjust it after seeing the change of price action.
I also think hidden in this is to let the trade run as it wishes. Any alterations to TP or SL really damage your sample size of trades and also create doubt
Mitglied seit Aug 10, 2021
172 Posts
Dec 29, 2021 at 13:53
If a trader wants to become a successful trader then he must know how to manage risk and also money management.
