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Profit targeting

UweMoench
Mar 17 2021 at 13:59
737 ieraksti
Profit targeting should be based on your ability. How much my ability is allowing me that's important. If I can predict a 20 pips movement that should be my profit target.

LyudmilLukanov
Mar 17 2021 at 17:13
733 ieraksti
It is important to know your limit of risk tolerance and profit. So, know those from demo practice.

DanialWales
Mar 18 2021 at 12:48
17 ieraksti
Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.

CraigMcG2020
Mar 19 2021 at 08:21
190 ieraksti
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important

AliaDare
Mar 19 2021 at 17:30
760 ieraksti
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.

SofieAndreasen
Mar 21 2021 at 17:43
734 ieraksti
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.

olivejohnston
Apr 05 2021 at 11:23
6 ieraksti
Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.

milletplum
Apr 05 2021 at 11:36
9 ieraksti
I think profit targeting is a bad plan. What if you are lower ? you will force trades and make bad trades. Better to set no target and get what market offer

LukeRachel
Apr 06 2021 at 01:04
453 ieraksti
Any successful subject needs to have a target. It is never possible to achieve without a target. I always trade with a target in Forex trading as it increases the ratio of profitability.

dougbowman
Apr 07 2021 at 11:30
2 ieraksti
Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.

lisabethluke
Apr 14 2021 at 07:41
12 ieraksti
Every trader uses different strategies and hence, makes different profits. Don’t set unrealistic goals because you will end up disappointing yourself otherwise.

violatubawhirl
Apr 14 2021 at 11:39
9 ieraksti
So true. I wanted 100pip a day when I started. Now I would be lucky to have that in a week. Keeping appropriate targets is very important

melbaortega
Apr 23 2021 at 11:30
15 ieraksti
Yes, it is very important for a trader to know about these aspects in trading.

lovefortrading (perryjohn765)
Apr 23 2021 at 12:55
238 ieraksti
profit targetting is imp. we cannt see when and how the other trader is earning. but we need to see what we have in our pocket and what target we can set

RobSchiz
Sep 14 2021 at 19:19
530 ieraksti
lisabethluke posted:
Every trader uses different strategies and hence, makes different profits. Don’t set unrealistic goals because you will end up disappointing yourself otherwise.

I agree with you.

ohmaria
Sep 15 2021 at 10:34
10 ieraksti
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.

pigeontrader
Sep 15 2021 at 10:35
9 ieraksti
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

ohmaria
Sep 15 2021 at 10:37
10 ieraksti
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.

croisssan
Sep 15 2021 at 13:26
627 ieraksti
Absolutely right. It all depends on personal characteristics.

Unellene
Sep 17 2021 at 11:07
283 ieraksti
I always advise you to do everything to develop yourself and improve your profits, no matter what you do

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