Profit targeting

Mar 17, 2021 at 13:59
1,208浏览
19 Replies
会员从Jul 19, 2020开始   749帖子
Mar 17, 2021 at 13:59
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.
会员从Jul 23, 2020开始   816帖子
Mar 17, 2021 at 17:13
It is important to know your limit of risk tolerance and profit. So, know those from demo practice.
会员从Jul 20, 2020开始   385帖子
Mar 19, 2021 at 08:21
Your profit target should be fluid. Check the markets, check the fundamentals check your risk to reward. All are important
会员从Jul 19, 2020开始   742帖子
Mar 19, 2021 at 17:30
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.
会员从Jul 23, 2020开始   696帖子
Mar 21, 2021 at 17:43
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.
会员从Apr 01, 2021开始   6帖子
Apr 05, 2021 at 11:23
Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.
会员从Apr 05, 2021开始   9帖子
Apr 05, 2021 at 11:36
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
会员从Mar 16, 2021开始   447帖子
Apr 06, 2021 at 01:04
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.
会员从Apr 01, 2021开始   2帖子
Apr 07, 2021 at 11:30
Just because everyone else is making profits doesn’t mean you can too. You better understand your limits and set your goals accordingly.
会员从Apr 03, 2021开始   12帖子
Apr 14, 2021 at 07:41
Every trader uses different strategies and hence, makes different profits. Don’t set unrealistic goals because you will end up disappointing yourself otherwise.
会员从Apr 14, 2021开始   8帖子
Apr 14, 2021 at 11:39
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
会员从Jan 07, 2021开始   15帖子
Apr 23, 2021 at 11:30
Yes, it is very important for a trader to know about these aspects in trading.
会员从Sep 12, 2017开始   232帖子
Apr 23, 2021 at 12:55
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
会员从Sep 14, 2021开始   10帖子
Sep 15, 2021 at 10:34
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.
会员从Sep 15, 2021开始   9帖子
Sep 15, 2021 at 10:35
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
会员从Sep 14, 2021开始   10帖子
Sep 15, 2021 at 10:37
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.
会员从Jun 04, 2021开始   8帖子
Oct 05, 2021 at 19:22
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.
会员从Mar 17, 2021开始   494帖子
Nov 24, 2021 at 20:20
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.
会员从Apr 09, 2019开始   516帖子
Nov 29, 2021 at 12:17
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.
会员从Nov 23, 2021开始   33帖子
Dec 01, 2021 at 06:51
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.
登录 / 注册 to comment
You must be connected to Myfxbook in order to leave a comment
*商业用途和垃圾邮件将不被容忍,并可能导致账户终止。
提示:发布图片/YouTube网址会自动嵌入到您的帖子中!
提示:键入@符号,自动完成参与此讨论的用户名。