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Profit targeting
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Jul 20, 2020
399 pos
Anggota Sejak Jul 23, 2020
759 pos
Mar 21, 2021 at 17:43
Anggota Sejak Jul 23, 2020
759 pos
AliaDare posted:It is good to have goal. It gives inspection and motivation. However, don’t force your trading plan to achieve that goal.
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.
Anggota Sejak Apr 01, 2021
6 pos
Anggota Sejak Apr 05, 2021
9 pos
Anggota Sejak Mar 16, 2021
477 pos
Anggota Sejak Apr 01, 2021
2 pos
Anggota Sejak Apr 03, 2021
12 pos
Anggota Sejak Apr 14, 2021
9 pos
Anggota Sejak Jan 07, 2021
15 pos
Anggota Sejak Sep 12, 2017
238 pos
Sep 15, 2021 at 10:34
Anggota Sejak Sep 14, 2021
10 pos
CraigMcG2020 posted: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.
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
Anggota Sejak Sep 15, 2021
9 pos
Sep 15, 2021 at 10:35
Anggota Sejak Sep 15, 2021
9 pos
ohmaria posted:CraigMcG2020 posted: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.
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
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
Anggota Sejak Sep 14, 2021
10 pos
pigeontrader posted:Interesting approach. I think it all depends on every trader's strategy when it comes to forex trading.ohmaria posted:CraigMcG2020 posted: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.
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
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
Oct 05, 2021 at 19:22
Anggota Sejak Jun 04, 2021
8 pos
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.
Anggota Sejak Mar 17, 2021
536 pos
Nov 24, 2021 at 20:20
Anggota Sejak Mar 17, 2021
536 pos
RobSchiz posted:But A trader can boost himself by setting a profit margin.Gririns posted:You can not trade here by fixing your profit margin.
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.
Anggota Sejak Apr 09, 2019
538 pos
Dec 01, 2021 at 06:51
Anggota Sejak Nov 23, 2021
34 pos
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.
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