The main thing that we are supposed to do when the forex currency trading market goes in another direction, we should check whether the analysis that we made is right, if it is then we wait because a reversal will still come.
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The main thing that we are supposed to do when the forex currency trading market goes in another direction, we should check whether the analysis that we made is right, if it is then we wait because a reversal will still come.
ye bahut hi achi strategy hai forex market me trading ke liye jab aap market ke against trade karne ki soch rahe hoQuote:
Originally Posted by indianforex
pehli baat to traders ko market ek againts trading hi nahi karni chahaiye..lekin fir bhi agar unhe lage ki koi bahut strong news hai ya market kabhi bhi palat sakta hai, tab agar wo trade kare to stop loss ka zarur use kare
in the Trading ,when the market moving in opposite for your expectation, then stop the trading ,you will avoid for lossing the money.then spending money on the purchase the shares of lower price and wait some time and analyis the trend of market then do trading.
yes, of course when the market is going opposite to your prediction then to stop loss other wise you will suffer in a big loss. To study technical analysis carefully then see the market trend then to open your position and get profit.
When you open any trade there are two additional options.Quote:
Originally Posted by 7724
1) Stop loss - it is the limit where you want to close your trade when market moves opposite . This option helps you to limit your loss.
2) Take profit- it books the profit when market hits your target.
these option avails trader to secure his trades when he is away from his charts.
When market moves opposite to our existing order and making loss then just close the loss making order and enter from the other side and make the profit, that is so simple!. but in reality we never know again market may reverse at any time, and this is the beauty of this business. so we need to wait for the confirmation of trend reversal and then go for profit from opposite end.
if you have your money management then you need not worry about the price moving in the opposite direction because nothing is certain in forex apart from uncertainty . so money management is what will keep you in the Forex game and help you make profits
I use strong money management system. If market goes opposite direction of mine, I wait still to touch my stop loss !! I try to find out what was the mistake by me. Then If I can find out them, I try to solve them.
I think when the Market goes in the downward side.then you get loss in trading . calm some time and at the lower price at trading buy the shares and wait for the good time when the market is go upward then sell the shares and recover the losses. this the good trend of trade.
in reality we never know again market may reverse at any time, and this is the beauty of this business. so we need to wait for the confirmation of trend reversal and then go for profit from opposite end.so I would bring profit to compensate for the lossQuote:
Originally Posted by lulupi