Profit targeting

UweMoench

Tham gia từ Jul 19, 2020 749bài viết

Mar 17, 2021 at 13:59

Tham gia từ Jul 19, 2020 749bài viết

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

Tham gia từ Jul 23, 2020 816bài viết

Mar 17, 2021 at 17:13

Tham gia từ Jul 23, 2020 816bài viết

It is important to know your limit of risk tolerance and profit. So, know those from demo practice.

CraigMcG2020

Tham gia từ Jul 20, 2020 385bài viết

Mar 19, 2021 at 08:21

Tham gia từ Jul 20, 2020 385bài viết

Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important

AliaDare

Tham gia từ Jul 19, 2020 742bài viết

Mar 19, 2021 at 17:30

Tham gia từ Jul 19, 2020 742bài viết

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

Tham gia từ Jul 23, 2020 696bài viết

Mar 21, 2021 at 17:43

Tham gia từ Jul 23, 2020 696bài viết

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

Tham gia từ Apr 01, 2021 6bài viết

Apr 05, 2021 at 11:23

Tham gia từ Apr 01, 2021 6bài viết

Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.

milletplum

Tham gia từ Apr 05, 2021 9bài viết

Apr 05, 2021 at 11:36

Tham gia từ Apr 05, 2021 9bài viết

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

Tham gia từ Mar 16, 2021 447bài viết

Apr 06, 2021 at 01:04

Tham gia từ Mar 16, 2021 447bài viết

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

Tham gia từ Apr 01, 2021 2bài viết

Apr 07, 2021 at 11:30

Tham gia từ Apr 01, 2021 2bài viết

Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.

lisabethluke

Tham gia từ Apr 03, 2021 12bài viết

Apr 14, 2021 at 07:41

Tham gia từ Apr 03, 2021 12bài viết

Every trader uses different strategies and hence, makes different profits. Don’t set unrealistic goals because you will end up disappointing yourself otherwise.

violatubawhirl

Tham gia từ Apr 14, 2021 8bài viết

Apr 14, 2021 at 11:39

Tham gia từ Apr 14, 2021 8bài viết

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

Tham gia từ Jan 07, 2021 15bài viết

Apr 23, 2021 at 11:30

Tham gia từ Jan 07, 2021 15bài viết

Yes, it is very important for a trader to know about these aspects in trading.

perryjohn765

Tham gia từ Sep 12, 2017 232bài viết

Apr 23, 2021 at 12:55

Tham gia từ Sep 12, 2017 232bài viết

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

ohmaria

Tham gia từ Sep 14, 2021 10bài viết

Sep 15, 2021 at 10:34

Tham gia từ Sep 14, 2021 10bài viết

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

Tham gia từ Sep 15, 2021 9bài viết

Sep 15, 2021 at 10:35

Tham gia từ Sep 15, 2021 9bài viết

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

Tham gia từ Sep 14, 2021 10bài viết

Sep 15, 2021 at 10:37

Tham gia từ Sep 14, 2021 10bài viết

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.

Gririns

Tham gia từ Jun 04, 2021 8bài viết

Oct 05, 2021 at 19:22

Tham gia từ Jun 04, 2021 8bài viết

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.

SteveHanks

Tham gia từ Mar 17, 2021 494bài viết

Nov 24, 2021 at 20:20

Tham gia từ Mar 17, 2021 494bài viết

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.

sebking1986

Tham gia từ Apr 09, 2019 516bài viết

Nov 29, 2021 at 12:17

Tham gia từ Apr 09, 2019 516bài viết

I don't target an amount per month or year. Just take what the market presents me.

If you can't spot the liquidity then you are the liquidity.

kroxobor

Tham gia từ Nov 23, 2021 33bài viết

Dec 01, 2021 at 06:51

Tham gia từ Nov 23, 2021 33bài viết

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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