How to Avoid Taking Profits Too Quickly and Staying with Losing Trades Too Long

[rolens]

My best friend if you want to avoid taking profits on the forex market. If you are in profit and you r the indicator says to take profits. You have to take advantage of you at the same time, you will go in big losses. The decision must be at the right time. and I consider money management to be the most important object in forex trading. Because the market series moves very fast, if we are not classified with cash organizations, then we will lose our money very quickly.

[0307148]

Absolutely correct. This is spot on ... and this is the mistake of getting out too early and staying too long with the losing trade that hurdles most of the newbies and kills their morale in the very beginning. When a noob tends to be hasty in solidifying his floating profit into real money ... a lot of other mistakes come with the package ... like not trusting his own system, being too jumpy ... staying too long out of the market when there is real action going on. It not only exhausts him but also makes him prone to jumpy mistakes.

[0307148]

one of the mistake traders are doing is when they place an order so they are expecting that the market have to go that direction always.and when some pull back happen they will quit immediately then they can see that their canceled target will be hit later on.so we really dont have to blame the market.we have to accept the nature of the market and study on it.then everything will be better.

[kakarek]

What is most needed is your discipline, if you can become a disciplined trader, then you will definitely be able to control yourself, put your take profit and stop losses in every position we will open, so we will be able to avoid things like that, that all is just a psychological game whether you will win or you will lose. and, actually I think one of the many supervisory dealers will do is whether they make a request after that they will expect that the business has come out to continue to defend it. Also when some draws occur, they will be able to stop instantly then they will see that their erased targets will be hit quickly or slowly. Thus we really don't need to be blamed in business.

[comoztise]

dear in my opinion, first you have to do hard work here more and more then you can get some money there so you have to create a demo account then you find your own answer from every one of my beloved forex questions is the best for all of us and there is no business that can vs. forex trading. and we must not try to get quick profits because of the high risk involved in it and we may lose money in the process, it is always better to be patient and trade with discipline and make small profits consistently

[benazier]

It's a big problem for a trader to have patience. The trader was impatient and when he got lucky he closed the trade and when he was in a loss, he did not close the trade thinking that the price would return. But he does not know the trend has got direction. If this happens to you, then you have to trade and see it after 12 hours, after stopping losses and taking profits. and I lose is part of the game, after you accept to open a deal then you have to accept both winnig or lose scenarios and then you will be able to stop the losses in a timely manner before you lose a lot of money and that's part of the game as I said

[prajurit]

We must avoid taking advantage too early in this business and this is due to the fact that emotions come to play and prohibit a Forex trader from being patient to wait for their trade to reach their SL set. and I really think the biggest mistake we make is not to let profits in our trade mature and the immature closure puts a limit on temporary profits by opening a trade we bear the same measure of risk. The right stops and targets need to be explored at the right time.

[koreanfx]

we certainly cannot accept the lack of practical knowledge of all of us. remembering it is actually a human characteristic that doesn't want to be eliminated. However, our nation understands that within a company, the potential for loss or threat must be there. we all need to be able to reduce which threats, of course not eliminate them. and, we must avoid taking profits very quickly on the forex market and when we are in a loss position then wait in the hope that after a few days our prices will come and this never happens. Your losses increase day by day in the forex market.

[samia93]

Yup...hm market ka deep analysis kr k or charts ko smjh kar trade me enter hun to loss ko limit me rakha ja sakta hai.Or ye k dear hmen emotions se b bachna chaye jo hmary profit ko loss me change kar daity hain.Bl k dear hmen trading Confidence and courage k sath karni chaye.

[combifx]

Most traders use to take profits there at a very early stage, while there are still losses moving forward in the hope that the market changes there is profitable. That is the biggest weakness, and because of that they fail to get success in long time intervals. and taking advantage too quickly will limit our profits if we are in a good position. Staying with losing position for too long is another, close quickly. To avoid losing more of our money. Do not expect market conditions to go according to our wishes. Understand how forex really works.