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45656
Oct 27 2019 at 06:51
65 poster
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.

AniLorak
Oct 27 2019 at 14:48
920 poster
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!

peter_fx
Nov 05 2019 at 10:22
21 poster
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.

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.

Baazex (Baazex)
Nov 28 2019 at 12:00
45 poster
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
AniLorak
Nov 29 2019 at 07:05
920 poster
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.


I don’t close any trade position randomly; in my trading I use stop loss trading tool & always wait to face the TP/SL after opening any trade position; that’s it!

Imamul
Nov 29 2019 at 07:08
562 poster
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.

Adribaasmet
Dec 01 2019 at 14:31
916 poster
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!

Marraby
Dec 02 2019 at 17:33
40 poster
For newbies I can agree that, but experienced and professional traders really can predict stop loss and such stop loss changes is the key for their profit. It just depends on whether trader is skilled enough to be guided not by emotions, but mind and analytical thinking.

Anayallador
Dec 02 2019 at 18:38
19 poster
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.

Frionson
Jan 25 2020 at 17:03
9 poster
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.

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