How I Turned a Losing Trade to a Winning Trade.

[asiaforexmentor]

Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade.



Forex trading pair: GOLD = XAU USD
This is an interesting trade on the forex pair XAU USD.
In the chart above, we see a series of forex price action inside bars. (Highlighted in the blue box)
Meaning bars that are smaller than the previous bars.
When a series of inside bars like the above happen.
It means that price is having an indecision of where to go.
It�s like it is gathering momentum, for a burst out of either side.
Which could either be up or down.
So what happened in this scenario is that we placed 2 pending orders. A buy and a sell.
These 2 orders are marked by the gold line (entry) and the red line (stoploss).
So the buy order triggered. (Gold line -Entry) and we got in on a buy trade.
With that, i took away the pending order for the sell trade and made it a stoploss for the buy order.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

When i trade, i would usually have 2 take profit targets.
So that when take profit 1 is hit. Which is marked by the purple line. I would have taken my first profit off and shifted my stoploss for position 2 to break even.
By doing so, i am also on the �SAFE� side. As price may hit Take profit 1 and reverse back down.
And as i have taken profit a TP1, my 2nd position�s stoploss is shifted to breakeven.
So i am in a FREE trade.
So whether or not it may hit TP2. I have already gotten profits.
In this scenario, i have taken profit at TP1 and my 2nd position has hit my stoploss for breakeven.
So i�m out for this trade.
From this scenario you can see that i am not always perfect.
No one is.
By trading on the above method, we are sure that our account size will grow consistently.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

Lets look at what happen next.



Price went right down after which.
So if i hadn�t had a TP 1 and TP2 method.
I would have kept my stop loss at the red line.
And made a loss on this trade.
BUT By doing playing the above method.
Instead i have gotten profits..
I hope you gain something from this post. Let me know if you did.

Ezekiel Chew
Asia #1 Forex Mentor

[herono1]

in forex trading if you want to be get the profit from trading its better for you that you may trade with small size and with short term its a good trading and the result you may earn more profit end of the day.

[Abu Bakr Siddique]

in forex trading if you want to be get the profit from trading its better for you that you may trade with small size and with short term its a good trading and the result you may earn more profit end of the day.

Firstly we should take small lot size & if a trading going down and down,then after going the bottom of previous history then we can buy that pairs with a higher lot volume.Thus we can able to turned a losing trade to a wining trade.

[sairin]

in forex trading if you want to be get the profit from trading its better for you that you may trade with small size and with short term its a good trading and the result you may earn more profit end of the day.

True, by using lots of small trading then it is possible to achieve a profit is greater because of the use of such small lots that we can survive on the margin when the order of minus floating on a large lot

[pooshpa]

when ever Forex main mujhy loss ho raha ho to usko rokny k lea main to pehly sy stop loss ko use krta ho or ager market trend opposit ho to main buy sell main trade kr daita ho is sy ap ko loss kam hoga or trader ka capital bhi kafi had tk save ho jay ga is lea main to asi sort main yahi strategy ko use krta ho

[letmegoo]

in forex trading if you want to be get the profit from trading its better for you that you may trade with small size and with short term its a good trading and the result you may earn more profit end of the day.

it's good to give it a try. when u're in a loss state u've to make something so as to reduce your losses even with
little profit the problem of many traders is when they made a loss they lose their concentration and trade only with their feeling and this usually leads to more losses.

[chal]

g ma abi as ka bara ma zayada nahe janta ho kyo ka muaj aysa lagta ha k agarm ahmy aysa kuch karta ay ho jo koy be kars akta ha ap ko yahy pata chl jay ga.

[NaveedPK]

although i am new one but dear i agree with you that its good to do the trade with a small amount and in case of loss there is not a huge loss so its better to do the trade with small size.

[mbie123]

although i am new one but dear i agree with you that its good to do the trade with a small amount and in case of loss there is not a huge loss so its better to do the trade with small size.

It is highly recommended for a beginner, if we start trading are advised to start trading with small size because with this kind we can avoid big losses and can begin the process of learning and adaptation to the market.

[anjlina]

market mein trading jaab bhi aap karteen hai to aap ye yaad rakhiye ki apne poorane wale mistakes ko maat kijiye kyoun ki accha yahi hai is market mein ki apne mistakes ko avoid kiya ja sake or jayada loss agar aap nahi chateen hai to aap is market mein money managements rules ko jaroor follow kijiye