Edit Your Comment
Profit targeting
Membre depuis Jul 23, 2020
posts 816
Membre depuis Jul 20, 2020
posts 385
Membre depuis Jul 23, 2020
posts 696
Mar 21, 2021 at 17:43
Membre depuis Jul 23, 2020
posts 696
AliaDare posted:
I have a specific goal. That goal helps me move forward in trading. It could be Daily or Monthly with which I try to complete the analysis. I think this target will help me reach my goal.
It is good to have goal. It gives inspection and motivation. However, don’t force your trading plan to achieve that goal.
Membre depuis Apr 01, 2021
posts 6
Membre depuis Apr 05, 2021
posts 9
Membre depuis Mar 16, 2021
posts 447
Membre depuis Apr 01, 2021
posts 2
Membre depuis Apr 03, 2021
posts 12
Membre depuis Apr 14, 2021
posts 8
Membre depuis Jan 07, 2021
posts 15
Membre depuis Sep 12, 2017
posts 232
Sep 15, 2021 at 10:34
Membre depuis Sep 14, 2021
posts 10
CraigMcG2020 posted:
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
Agreed with this. You just need to check on your risk to reward management if you want to make a right profit in the forex market.
Membre depuis Sep 15, 2021
posts 9
Sep 15, 2021 at 10:35
Membre depuis Sep 15, 2021
posts 9
ohmaria posted:CraigMcG2020 posted:
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
Agreed with this. You just need to check on your risk to reward management if you want to make a right profit in the forex market.
I think differently. I set my profit target when I enter a trade and do not adjust it ever. So many times I have seen price look like it will reverse when many would close for small profit but I keep my trade and then make larger profit
Sep 15, 2021 at 10:37
Membre depuis Sep 14, 2021
posts 10
pigeontrader posted:ohmaria posted:CraigMcG2020 posted:
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
Agreed with this. You just need to check on your risk to reward management if you want to make a right profit in the forex market.
I think differently. I set my profit target when I enter a trade and do not adjust it ever. So many times I have seen price look like it will reverse when many would close for small profit but I keep my trade and then make larger profit
Interesting approach. I think it all depends on every trader's strategy when it comes to forex trading.
Oct 05, 2021 at 19:22
Membre depuis Jun 04, 2021
posts 8
I don't know how about you, guys, but I don't set a profit target at the same number of pips. I prefer using S&R levels to determine them and also I have to take into account risk/reward ratio. I don't really understand how people set the same take profits in 20 pips or something like that. Each deal implies different number of pips and I can't imagine how it can be fixed whatever happens.
Membre depuis Mar 17, 2021
posts 494
Nov 24, 2021 at 20:20
Membre depuis Mar 17, 2021
posts 494
RobSchiz posted:Gririns posted:
I don't know how about you, guys, but I don't set a profit target at the same number of pips. I prefer using S&R levels to determine them and also I have to take into account risk/reward ratio. I don't really understand how people set the same take profits in 20 pips or something like that. Each deal implies different number of pips and I can't imagine how it can be fixed whatever happens.
You can not trade here by fixing your profit margin.
But A trader can boost himself by setting a profit margin.
Membre depuis Apr 09, 2019
posts 516
Dec 01, 2021 at 06:51
Membre depuis Nov 23, 2021
posts 33
Setting a profit target is important to restrict yourself from over trading. It psychologically sets a limit. Everytime I reach my profit target it reminds me that I’ve reached my goal and I should now focus on protecting my profits instead of losing it by opening unnecessary positions.

*Lutilisation commerciale et le spam ne seront pas tolérés et peuvent entraîner la fermeture du compte.
Conseil : Poster une image/une url YouTube sera automatiquement intégrée dans votre message!
Conseil : Tapez le signe @ pour compléter automatiquement un nom dutilisateur participant à cette discussion.