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Believes.
Oct 27, 2019 at 06:51
Membro Desde Jun 29, 2019
65 posts
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial keys if you want to make forex trading profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way.
Oct 27, 2019 at 14:48
Membro Desde Apr 18, 2017
920 posts
45656 posted:
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial keys if you want to make forex trading profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way.
Basically, I always wait for the final result; don’t close my trade in the middle path! That’s my trading rule!
Nov 05, 2019 at 10:22
Membro Desde Oct 19, 2019
21 posts
45656 posted:This shouldn’t be done. The basic motive of setting a SL is to cut out the emotional interference in trading, but if a trader does all this, he definitely is getting affected by his emotions, that is why they doing all this. So the main motive of setting a SL is gone.
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of the most crucial keys if you want to make forex trading profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way.
Nov 28, 2019 at 12:00
Membro Desde Oct 24, 2019
45 posts
Trading should be done with proper technical knowledge , demo account trading experience , good capital on hand ,good risk management skills and trading goals should be very clear trader should cut off on the basis of market conditions.
Revenue is vanity, profit is sanity, but cash is king
Membro Desde Aug 27, 2017
994 posts
Dec 01, 2019 at 14:31
Membro Desde Aug 27, 2017
994 posts
Imamul posted:
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.
Whatever is it; traders need have a long-term plan on practice. It’s a long term process! There is no shortcut way of learning!
Membro Desde May 10, 2019
27 posts
Dec 02, 2019 at 18:38
Membro Desde May 10, 2019
27 posts
Every trader has his own approach. I know a lot of people who have done just that. If the day is not yours, it is better to stop. And I saw the stories of those who fought to the last and were not going to let their luck out of their hands. I can't say that one of these approaches is good and the other is bad. Everyone chooses what suits him. Each of us has one goal - to earn money. It is not a big deal that the generally accepted rules do not bring you success if you have found the approach that suits you and helps you to get a positive result.
Jan 25, 2020 at 17:03
Membro Desde Dec 18, 2019
20 posts
That's where technical and fundamental analysis can come to your help with anything being done perfectly simply. Are you ready for that or not? Ready to take over? Forex is not simple game, so be prepared please if you really can do it.
Jan 29, 2020 at 11:04
Membro Desde Oct 07, 2019
39 posts
Baazex posted:Nice Explanation! You have basically summed up everything in one line which is required for trading.
Trading should be done with proper technical knowledge , demo account trading experience , good capital on hand ,good risk management skills and trading goals should be very clear trader should cut off on the basis of market conditions.
Jan 30, 2020 at 10:29
Membro Desde Nov 08, 2019
26 posts
Yea, I can see that happening but sometimes the outcomes can be right but that is very low. Trading should be done when you are confident but not too overconfident and having a proper understanding on what is going to happen. Basically you have to clear your head and have a clear trade.
Membro Desde Nov 15, 2019
26 posts
Feb 02, 2020 at 14:46
Membro Desde Nov 15, 2019
26 posts
Success in trading depends on a large number of indicators, but if you are willing to work on yourself and learn new strategies, if you are not afraid to make a mistake and try again, then you will definitely succeed and have a good income.
Membro Desde Feb 25, 2020
4 posts
Membro Desde Jul 23, 2020
759 posts
Sep 09, 2020 at 05:25
Membro Desde Jul 19, 2020
751 posts
Shifting of stop loss happens when a person doesn't know how price works. They remain fearful after opening a trade. A person need to learn how to trade. He also needs to know When to trade when not to trade. Otherwise it will happen again and again.
Membro Desde Sep 12, 2017
238 posts
Sep 09, 2020 at 08:24
Membro Desde Sep 12, 2017
238 posts
A stop-loss order eliminates emotions that can impact trading decisions. This can be especially handy when one is not able to watch the position. Stop-loss in Forex is critical for a lot of reasons. However, there is one simple reason that stands out - no one can predict the exact future of the Forex market. It does not matter how strong a setup may be, or how much information might be pointing to a particular trend.
Membro Desde Jun 24, 2020
34 posts
Sep 10, 2020 at 07:13
Membro Desde Jun 24, 2020
34 posts
SofieAndreasen posted:
Stop loss is important factor in trading. Trader should have good understanding of support and resistance level to place good SL order.
I agree. Many traders dont use it at all. I believe its one of the most underestimated things but is a great way of keeping your losses limited.
Membro Desde Jul 20, 2020
341 posts
Sep 10, 2020 at 12:41
Membro Desde Jul 19, 2020
298 posts
Mental stop loss is okay for them who glue their eyes to trading platform until trade is closed. It's all about what you are comfortable. As long as you are making consistent money everything you do is best for you. We have to change what needs to change.
Sep 25, 2020 at 01:09
Membro Desde Jul 19, 2020
788 posts
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
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