Do You Always have Plan B?

[amit]

it is often not thought of before. often we only focus on profit, without even thinking about the risk that we can experience. I always tried to discipline in reducing the risk that happening. of them, I always use a stop loss in every position that I created.

[manibhai2012]

Do You Always have Plan B?
Yes I always have a plan b in my pocket because I think when ever my plan is not working according to plan than I prefer to put my plan b in the market and try to execute that plan, I make plan b because I think every successful and good professional trader make their plan B.

[Nabi Ahmed Gill]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
forex trading main plan both hota han plan ka baghar to koi kam karana both muskil kam hota ha yahan tak plan ke bat ho rahi ha to main ap ko plan b ka bara mian bata hoon
Plan B yeh ha k ap kabi be zadia profit ka bara main sochana be an karan is main cool minded hoa both zorari hoti ha

[got2luvyou25]

plan B is placing stop loss, for me, it is roughly 20 to 50 pips. i never place over that because it is just too far away. it is quite hard to determine the best location to place the stop losss in. if you place it too close to the current price, you may risk hitting the SL really soon. if you place it very far away, your losses are also quite high as well.
bahiya yahan aik baat batatata cheloun or wo ye ha k 20 pips ka stop losses almost 90% hit ho jata ha , always ye dekhana chahay k stop losses support and r esistance k ander na ho kuin ager range main hua mich possibilit hit ho jae ga , or ager S or R levbels k upper or doen main hoga to jeld hit nahi hoga

[ali1011]

yes i think so that ever trader have plan b or trading me b plan hona jarori hy ku k is me kuch be ho skata hy per a plan p concentrate hona jarori hy. her successful trader b plan jaroor rakhta hy .

[rahul]

mere pass koi plan b nahi hai.
mera balanc or profit jyda nhi hai so koi bi b plan plan ni kiya hai. ha lekin jab main forex se acha profit kamane laguga tab me b plan jarur banauga.
kuch pesaa backup k liye rkha kaurga.

[ritesh]

plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[ishvara]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

My plan B is usually involving my opening and losing less trades at the times that i am making too much losses in my forex trades. This helps me to make better analysis with a more relaxed analysis.

[Forexboy]

For me to have a plan B is something essential, therefore we must wait for markets to trade when the trend is clear and we are able to see the signals. This is so because we can not risk losing all the capital that we have with us at any time and profit as possible we can.

[waqtitrader]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
han ham ko forex trading main jo han na lazmi he plan b rakhna chiye kioun k ham ager without plan b kaaam karen ge to es main los k chance kafi barrh jatey hane esi lie main to lazmi sath plan b rakhta houn ager mera a plan loss main ho to plan b par aamal kar k main apne loss ko recover karne ki koshish karta houn es liye plan b must ha

[gava]

aree bahi idar plan abc rakne gaya to sab paisa jayega no garentee for that ...so always stick to one plan only ....if you have some new strategies try them in new demo account rathere then taking risks

[rahul]

Yes, I have also a plan B. if my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging. but it is the only way I know how to protect my account. But sometimes it is also a bit risky because the market acts peculiar sometimes..and you never know it goes back to your original position. And you are left with another losing trades.

[rahul]

every traders must use different trading system if dont get success in the current trading system . he must be able to change or modify hi trading system untill he dont get success

[girish]

I don't believe in going with plan B or many plans. I target on only one plan and work hard to make it success. It is good to just to focus on one plan rather than making more plans and wasting time and efforts on them. I go with certain plan and if that plan does not work, the only plan that I take or believe in is closing the position.

[ritesh]

by the way i want to say, when you trade upon technical & fundamental analysis it can't be counted as 2 plans
you should have 2 plan for each type of analysis
as you can move with the market & deal with it in flexible way

[darksaimon]

I do person a think B which substance a distinct strategy in housing a line goes damage or there are dubious industry conditions or during nowadays when trend is not readable.So a monger should bed other arrangement in care in covering of an crisis.For information one can use Security in container of a bad merchandise or doubtful

[naziafarhan]

ji haan i beleive in plan B. in forex you must have all sorts plan and you should do whatever you can so many situatiosn wil lcome so you must have plan A , b or plan C even. but I think good traders will always have many options so just give your self options and make it simple.
Thanks for sharing your experience here. BUt could you please share also that how can we develop a plan B. I am really unclear about it. And I want to learn this. So please help me by suggesting.

[gava]

Yes I have always plan B because plan B is more strategic by using stop loss option, this option helps you to protect yourself from a big loss.

[rahul]

yes, you are right,but nothing can be done after we open a trade in market.We can delete the order or modify TP SL values.Maybe we should think of some back up plan if our money is lost in forex.

[rahul]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[rahul]

योजना ख बंद करो हानि और कम से कम आप एक बहुत बड़ा नुकसान बनाने की संभावना से बचने कर सकते हैं इन के साथ हेजिंग coz की मदद के साथ एक बहुत ही strategised योजना जा सकता है, मैं भी उपयोग sl अब हर और im बहुत संतुष्ट और भी इसे थोड़ा सा आराम coz जबकि व्यापार.

[viky]

I never trader using plan A and plan B, I prepare my strategy and has a single plane, if you create more than one plan, you lose a lot of time, and you will not enter and leave the good for earn a good profit, you must set your plan in SL and TP.

[gava]

Yes i have always a plan B.although always plan b is sometimes called ringing it.
Realistically theirs something to be said for occasional just going with the moment in the moment your info is more up to date
than a plan made 5 minutes previous something to think about.

[babu]

It There's always plan B and my plan is to wait for markets to trade is clear and when we are able to see the signals. This is so because we can not risk losing all the capital that we have with us.

[ashwini]

haan hamesha plan b to use nahi karta lekin plan b ready jarur karke rakha hua hain.
jab account balance kam hota hain to plan b kam nahi ata .. kiun ki uske liye balance nahi rahta .. lekin .. account balance jyada rahne se .. plan b use karta hun aur fayde main rahta hun.

mainly plan b hain kya.. jab hum loss karte hain to .. hum plan b use karte hain.. yeh kya hain.. hedging .. nam to suna hi hoga..
yeh hedging hi plan b hain.. lekin isse kiss tarah app use karte hain.. yeh depend karta hain..

[Ford]

Plan B always in my minds but this will depend on how much i like trading forex. First, forex is so enjoyable and gives us the opportunity to learn more about money. It does not have to be an expert for you to trade, you only your minds. Thats why forex is my number one priority

[ishvara]

Yes i have always a plan B.although always plan b is sometimes called ringing it.
Realistically theirs something to be said for occasional just going with the moment in the moment your info is more up to date
than a plan made 5 minutes previous something to think about.

In a business like forex currency trading, we must possess a second plan that we traders can always apply in our trading accounts at the times that we are having some problems with the strategy that we are already trading with.

[dadaa]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[babu]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.

[dadaa]

I dont have back up plan when I was in the forex loss. I just had to stop a while and stay away from forex, to refresh my mind. My way to cover the loss usually stops trading, because if the mind is stressed, open positions are not good.

[moti]

I never trader using plan A and plan B, I prepare my strategy and has a single plane, if you create more than one plan, you lose a lot of time, and you will not enter and leave the good for earn a good profit, you must set your plan in SL and TP.

[sidhu]

Mera plan b tu mostly ak different strategy hoti hy us sy jo ma use kr raha hota hn, i think jyada log plan b ko b sath ly k chlty hen but jo experts hen unka plan A itna strong hota hy k plan b ki jarorat nhi hoti.

[dineshji]

A trader needs to trade with his basic and main strategy most of the times which can be called Plan A in this case but due to risky nature of these markets and unpredictable attitude of these markets it is important to have a contingency plan which can be Plan B in this case .

[sidhu]

Since you mentioned that you do not have any plan only then in your case you need to first develop a plan or Plan A in your case and form a direction for your trading and then later on worry about making a plan B.

[waqarme2]

not really because i am the newbie and it is important for me to understand the main things about the trading as well, i don't have plan B, as i am working in a complete new environment, and if did any mistake then i really first to correct it.

[moti]

I think k jab ap ko lagay k ap sahi say expert ho gayay hain in trading jab hi ap hedging kerna ka sochain . as is k liyay sahi sa knowlege jaroori hai. ap ko market k ups and downs ka sahi say pata ha tab hi hedging ka sochay. as kisi bhi time market apni position change ker sakti hai so ap ko bhi phir forun sa position close kerni perti ha. and ap ko new position open kerni perti ha.

[sidhu]

have a plan B that will be executed if plan A has failed it should be done because if traders are doing the OP did not correspond to the initial analysis is to have a plan B then we can decide to cut losses or using SL to keep the accounts of MC and or OP again perform in accordance with the trend going.

[xorso86]

If you are a beginner, ambiguity is not the appropriate activity for you as you ability not be able to handle your barrier trades appropriately and adverse accident added than profit. It is a actual acquiescent activity for those who accept acceptable acquaintance of market amount action.

[rookie001]

Plan B should be as good as Plan A ... it could only be different in its approach. If you are a swing trader and have a Plan B for scalping ... that is good enough but Plan B is not a separate strategy to approach the market with different set of tools under the same circumstances. It is applicable when your regular plan is not working despite your repeated efforts that is when you switch to your Plan B and change your trading style and approach the market with different set of tools in changed atmosphere of the market.

[tashnotashi]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

han gi forex trading main jo bhi ha main to un ko yahi kahoun ga k un ko chioye k woh es main lazmi plan b bhi rakhen kioun k mugh ko patahak es main app ka plan a kabhi bhi ulaat ho sakta ha es liye plan bhi plan a ko cover deney k liye hota ha

[maurya]

I always put stop loss and it is my plan B. Hedging is so difficult and i never take more risk to hedge the market. Hedging required very high demand of knowledge and analytical skills which comes by time. In initial stages i can not even think of hedging.

[xorso86]

I think plan b can be a actual strategised plan with the advice of stop accident and ambiguity because with these you can atleast abstain affairs of authoritative a huge loss, i aswell use sl now everytime and i m appealing annoyed and aswell a bit airy because of it while trading.

[Maham Gill]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

nahi mara bahi trading main koi dosara plan nahi ha sirf ak he plan ha trading min mara babi or wo be sada sada ap trading main ayooo ap trading ko paro trading ko seekooo trading ke trading kro market main her books her vodio demo account ha us ka upper trading karo par trading kor aor ap kamyab hojao ga asi baht nhi ha.

[ishvara]

What`s a plan without a plan B. All plans that must be certified as good plans should contain a lot of things like a plan B. This plan B would help a forex trader to have something else to do if their trades fail in forex.

[mastri296]

I think plan b can be a actual strategised plan with the advice of stop accident and ambiguity because with these you can atleast abstain affairs of authoritative a huge loss, i aswell use sl now everytime and i m appealing annoyed and aswell a bit airy because of it while trading.

have a plan b is good, because we have a backup plan if we fail in our trade activity so we will not experience the confusion after we have failed.

[abokhaledelmasry]

I see the forex always contain two-way direction towards buy and Sell meaning that we rely on the two plans if it fails the first count on the second and the basics of capital management in Forex.

[wendhrie]

Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it.

[maurya]

We also plan on sisni always clear, suppose that the first plan fails we must immediately make a plan b, because of other contributing factors could have got a hard impact on the trade market regards

[netra]

yes,of course and its a must for everyone who trades as at any position your main plan may miss and you can fall into deep trouble and in this condition,if you are having an alternative,its best to get rid off such odd situations of the market with little hard work and positive feeling.

[rock]

While going to trading we have to go with the plan so that we can make the proper strategies and also we can trade here with the patience so that we can see our self in profit....also we have to go for the news.

[cac4a26]

I do accept a plan B which agency a altered action in case a barter goes amiss or there are ambiguous market altitude or during times if trend is not clear.
So a banker should accept addition plan in apperception in case of an emergency.For archetype one can use Hedging in case of a bad barter or ambiguous Forex conditions.

[dzfx]

I always think about it, but it was very difficult when with a plan it is difficult ..
I am especially thinking about a backup plan that is draining my energy, and saturate it ..

[sumonmia0526]

i have plan B which is mean i m investing 40% of my money firs time if i trap in a position or in a trouble then i deposit 20-30% again for backing up and trying to recover with more volume ..i think everyone having this type of back up plan

[rahulsagar]

There is no plan b there is only one plan we can use while trading.Using many plans and changing plan can make you confuse and it can affects your trading behavior.

[riya]

Looks same you are a millionaire already you act for your value to move rearward, deedbox when ? and if you got margin ring you puddle new account ? why. My innocent always use labial loss, it testament prevent the pause of your account part and try exclusive few pct of you account. Advert effort margin exact give cocain you account and you faculty recede everything but by surround a stopover loss present utilise you a measure to proceeds

[brutu]

There is no plan b there is only one plan we can use while trading.Using many plans and changing plan can make you confuse and it can affects your trading behavior.

understanding of the plan b you are using seems wrong, plan b is used if a plan is being carried out have failed, so we will not run out of ideas if there are still remaining plan, not as you imagine, that the plan was in use at the time the same time, it would be killing us

[hitesh]

Right while hedging money in forex we should keep watching orders as markets can reverse and can make you profit trade lose and we can avboid using that strategy.

[kapil_chemical_07]

It is good for a special plan B keep in traders hand.But,I do not do that kind of work.I generally,depend on the news for trading in forex market. And most of the time I win.So,I do not plan for a new strategy.But,I think it should be keep in hand.

[waleedkhan]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

bahi hedging ka use karna ka bhi aik treeka hota hai kion kay koi forex ko hedging nhi karah sakta hai app ka sharp mind hona must hai hai hedging aur hain reverse trade ho raha hai to monitors per on rahna lazmi hota ha

[boitali06]

If you are a beginner, security is not the honorable strategy for you as you might not be competent to grip your sidestep trades properly and coat loss more than profit. It is a real relinquishment strategy for those who jazz discriminating change of market damage sue.

[rahulsagar]

We also plan on sisni always clear, suppose that the first plan fails we must immediately make a plan b, because of other contributing factors could have got a hard impact on the trade market regards

[3mala]

No doubt stop loss and take profit are most important in this business but plan B has it own importance. Some time our Plan A goes fail and we are in loss and then we need to recover the loss or to balance the loss, then we need plan B which always give me good response all the time when used.

[goldenfx]

Having another plan and reacting according to current market situations are professional approach and I'm also aiming for that. As per expert's advice we must need plan-B. But being a beginner I just stay away when my conditions are not satisfied as I do not have plan-B.

[forextrader38]

The stop loss level of coverage, and all this after strategised coz you can avoid a huge loss, I also use the ps command, and that convenience is a little laid-back and im very happy coz it is in the same market.

[Lightning Hawk]

yes,I always have plan b.my plan b is backup money.if my trading business goes to loss,I use the backup money & make enough profit to negotiat the loss.

[shg1910]

Yes, main hamesha plan B rakhne me bharosa karta ho, ye bhi strategy ka hi ek part hai. ye kabhi bhi jarori nahi hata ki planing hamesha safal hogi hume second though rakhna chiye isse options badh jate hai or nuksa hone ke karan kum ho jate hai.

[overlau]

This can be your back up if your Plan A didn't succeed... Trading has many option, strategy, and better go to the strategy that you truly know.. and you thinks best for you!

[overlau]

yes,I always have plan b.my plan b is backup money.if my trading business goes to loss,I use the backup money & make enough profit to negotiat the loss.

Is it required to have back up money? or just back up plan?? or is this your own way??

[3mala]

me jab bhi trading karta hon to poori study ke stah hi akrta hon aur yahi koshish karta hon ki mera plan A hi safal ho ajye aur mujhe plan B ki zarurat na pade
lekin fir bhi me dusra plan leke chalta hon taki agar pehla plan fail ho jaye to me apne account ko bacha ke rakh saku..har trader ko yahi soch ke trading karni chahaiye kyunki market ko ekdum sahi predict karna bahut hi mushkil hota hai

[3mala]

forex trading me trader ki strategy juitni zada achi hogi usse utna hi zada profit milega kyunki forex me paisa kamane ke liye trader ko acha plan hona bahut zaruri hai
agar aapki strategy achi nahi hai lekin aapke pas paisa hai tab bhi aap forex se paisa nahi kama payenege..paisa kamane kel iye strategy aur plan hona bahut zaruri haiu

[puri]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.

[torquee]

yes i do have a plan B. you see forex is a very risky business and we have to make some standby plans that may help us in the emergency situations. i mean i know what to do if i have loss

[engsmsm]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

Must be in the forex market for you to have a clear goal and be the goal of a weekly or monthly goal and when to reach the goal you should stop until the Atkhosr and must enter the transaction in a timely manner so as not to lose too

[truegoa]

Yes! We always need a plan B in every trade we made. Every situation in this trading world is full of unexcactly things, so we always a back up plan to face it. Even if this "plan B" means that we have to see our loss position, as long as it would be the best way to save our account, I ll need it, and I ll take it without a doubt!

[aamu]

Since you mentioned that you do not have any plan only then in your case you need to first develop a plan or Plan A in your case and form a direction for your trading and then later on worry about making a plan B

[3mala]

A trader needs to trade with his basic and main strategy most of the times which can be called Plan A in this case but due to risky nature of these markets and unpredictable attitude of these markets it is important to have a contingency plan which can be Plan B in this case .

[puri]

me apki strategy se bilklul bhi sehmat nahi hon kyunki mujhe lagta hai ki hedging har trader ke bas ki bat nahi hai
aur rahi position ulta jane ki, to aise cases me aapko stop loss laga ke rakhan chahiye jisse ki position ulti jane ke bad close ho jaye aur uske baad ap fir se trading pe dhyan de sae na ki hedge karke apni dono position ko fasa ke market me uljhe rahe

[Muhammad]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

mjhy to nhe pata keh plane B kiya hai, ha ager plane B say pasay atay hain to plane B bhut ache rah hai. mager aik baat ye bhe such hai keh jo pesaa apni mehnaat ka ho oss main maza bhe bhut ata hai, or os main taskeenn bhe milti hai, mager is dunya main ye bhe aik fact hai keh plane B ka pesa bhe mazaa kerta hai

[malibo]

This is important in this market to have a plan B. especially since we had an open position if we see signs of a losing trade must immediately open an opposite position to control my loss. In fact, you could call coverage. but it is the only way I know how to protect our account.

[Fahad]

yes off course, we have to make backup plans in the forex to be a successful trader, so that if one plan does not work then other should be ready as a substitute, only this kind of trader can survive in the forex trading

[raihanuiu]

Actually, I have no clear idea about Plan B. I want to learn about Plan B. Please any body gives me idea or how can I get idea about Plan B from several websites. I am huge interested to know any kinds of topics about frorex that I don`t know. Forex has all time changing situation of market. May be, it is the general system.

[ghysalgreen]

yes off course, we have to make backup plans in the forex to be a successful trader, so that if one plan does not work then other should be ready as a substitute, only this kind of trader can survive in the forex trading

right, a backup plan is definitely needed in the forex world,
because we know with certainty that we will not be able to predict the market using only one indicator alone,
we need many types of composite indicators to support our trade better

[puri]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[belkhayat]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

I have plan B but it is normal part of the system, It works good on bigger accounts where I can plase enough number of another positions. But its not very effective for small accounts where cant place enough orders.

[Bankmen]

If you trade high risk market like forex you have always need to have good backup plan as B. Losing some bad position you need to make in your profit with another place on market.

[v jay]

but We are humans so we traders start taking more risks because we simply wants more and frankly in the world of forex the loss is as easy as turning the palm of the hand so dont lose any penny of your money.

[shemozz]

At the start of trading in the forex market, use one plan and approved it completely ... I read a lot about the usefulness of an alternative plan in case of non-functioning of the basic plan the way needed ... But I afraid of dispersion, and I like to concentrate on a single strategy ..

[rathod]

find a suitable strategy and in accordance with our style is very difficult, let alone find a profitable strategy,

probably I will not prepare a trading plan B because I will try to fix the lack of the plan A, and seek solutions from the lack such a strategy

[truegoa]

find a suitable strategy and in accordance with our style is very difficult, let alone find a profitable strategy,

probably I will not prepare a trading plan B because I will try to fix the lack of the plan A, and seek solutions from the lack such a strategy

Well, rathod, actually by trying to fix the lack of plan A is can counted as a plan B already. About decision making in forex, we need high speedy thinking-considering-concluding. So if our plan didnt really work in a situation, we need back up to end our session position in profit. But, that is only my guess, CMIIW.. ^^

[newentry]

plan B, it is a way to overcome emergencies condition and the trader have to make a firm decision to save their trading and keep health the balance, and usually it comes up with automatically if the trader feel that they are facing unwanted condition, and for it there are some options such as cut loss, stop loss or hedging

[najwa]

I think a trader should always have a plan B which is nothing but a alternative way or a contingency plan to get out of a difficult situation and one needs to be focused and know a way around during the uncertain markets .

[overlau]

Plan B is necessary if we want our self not to panic every time we see negative position floating in our account. Having a plan B can makes you feel secure that you are ready and prepared for any worst things that may happen to your trading account.

A really ideal proposal :good::good:

[didikebenaran]

At the start of trading in the forex market, use one plan and approved it completely ... I read a lot about the usefulness of an alternative plan in case of non-functioning of the basic plan the way needed ... But I afraid of dispersion, and I like to concentrate on a single strategy ..

no matter you have a single strategy and I believe this even better in your trading because after a single strategy will be very good for us in the trade and this will make us better in this trade

[bdays]

Forex good way to make money through the Internet and easily, but the difficulty is that it is also the easiest ways to lose money through the Internet, depending on how it is thinking the same person there are who multiplied money and there are who used to lose. Must be committed to learning for a good first .move away from all the pressures causing such like greed and frequency and with a plan of good money management will win easily and then

[incredibleindia]

A plan B is always a god idea and is a quality of a thorough and comprehensive trader. It enables the trader to think his decisions through and be ready for any repercussions of his trading decisions.

[jijotrading]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

han forex trading min ye must ha kioun k mugh ko pata ha k forex trading main plan b ager na ho to app ka plan a fail honey k bad app ko koi bhi nahi bacha sakta ha loss se es liye plan b lazmi ha forex trading main

[Hiron]

I have a plan of its my own.
I follow chart and observe market for a long time.
Also follow forex news in forex factory. I hope my plan gives satisfaction.

[iqbalmaken]

hedging is not the appropriate activity for you as you ability not be able to handle your barrier trades appropriately and adverse accident added than profit. It is a actual acquiescent activity for those who accept acceptable acquaintance of market amount action.

[rathod]

Right while hedging money in forex we should keep watching orders as markets can reverse and can make you profit trade lose and we can avboid using that strategy.

[purohit]

I do not have plan B while i trade. Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it. i will think it next time.

[joru]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.

[tarun2305]

I do not have plan B while i trade. Most of the time i am not able to manage the balance of the account. If account balance will not be there then to which you will apply the plan B. Plan B is very good idea i like it. i will think it next time.

main jab trade krta hu to main aisa option lekar chalta hu ki koi plan na change karna pade kyuki beech me trade ke plan change akrnae theek nhi rhat hai aur main nhi karta

[eoneadit]

Yes, you should have a plan B, when thing not going your way. Normally it is about minimizing your loss, but if you get lucky, your whole operation ends up in profit, but that's quite difficult, because your mental had been tested.
This is the good trader do, better lossless than loss many, and it's better loss many than loss them all.

[joru]

bahi hedging ka use karna ka bhi aik treeka hota hai kion kay koi forex ko hedging nhi karah sakta hai app ka sharp mind hona must hai hai hedging aur hain reverse trade ho raha hai to monitors per on rahna lazmi hota ha

[zytuy11]

hedging requires a trader to go long and short at the same time to save him from a big loss but still i am not to a level to use a plan b, so for me only plan a without any hedging

[riddick09]

Actually, I don't usually have plan b because I do know that my analysis will be enough although, I always expect that even we have here plan b what we can only do in it is either small chance to reverse our situation or will still have losses. So, I still stick to just have one trading plan in every trades.

[raka999]

Actually, I don't usually have plan b because I do know that my analysis will be enough although, I always expect that even we have here plan b what we can only do in it is either small chance to reverse our situation or will still have losses. So, I still stick to just have one trading plan in every trades.
same as me. like other plans I've never done, although it is very important. when faced with unfavorable market conditions, I usually just do a cut loss alone. this is because I feel panic, so he could not think calmly.

[bdboy]

I think every trader should plan B. Sometime ur stratagy not work properly. Then u can use ur other system. so its important to have another plan. its minimize ur loss. so my suggestion is to make some different stratagy that work when needed.

[redlion]

my plan B is also hedging. i open a trade and when it moves in the other direction more than 15pips i open another trade in the opposite direction. that way i keep my lossess to a minimum and even earn a profit sometime by closing the loosing trade and to keep the winning one going.

[naveedkhan]

nahe mery pass kuye plan B nahe hotha, meri pass aik hi trading paln hai, aur mi isko follow kartha hon.
is ka ye matlab nahe ki mai ni seekna chol deya, belkai mai surf is plan ko update kartha hon.

[purohit]

every traders must use different trading system if dont get success in the current trading system . he must be able to change or modify hi trading system untill he dont get success

[joru]

yes i think so that ever trader have plan b or trading me b plan hona jarori hy ku k is me kuch be ho skata hy per a plan p concentrate hona jarori hy. her successful trader b plan jaroor rakhta hy .

[azhar5]

i dont know what is plan A or plan B,but it is important to make strategy good and regulate it.then follow when trading in real.it is a matter of profit,so there is no chance to make wrong trade or losses.

[samcena33]

It is a very yielding strategy for those who have good experience of market price action and for me making plan b is also necessary in case of failure of the plan a , so i would recommend that

[rathod]

it is often not thought of before. often we only focus on profit, without even thinking about the risk that we can experience. I always tried to discipline in reducing the risk that happening. of them, I always use a stop loss in every position that I created.

[rathod]

mere pass koi plan b nahi hai.
mera balanc or profit jyda nhi hai so koi bi b plan plan ni kiya hai. ha lekin jab main forex se acha profit kamane laguga tab me b plan jarur banauga.
kuch pesaa backup k liye rkha kaurga.

[Maham Gill]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

bhai ya be ak achi or best strategy ha agr ap ko trading main kafi loss eanred ho rha ha to ap trading main koi be plan B bnana or us ko used kar ka dehakan ho sakta ha ap ka loss kam ho jaya or ap ko fada ho jay.

[Maham Gill]

mara kahal sa too plan b kafi acha or best rha skata ha agr hama trading main loss eanred ho rha ha or ksi be sourat hum profit earnd nahi kar pa rha han too hama chayia k hum koi dosara plan bna or achi or best trading kar sakna.

[nobby]

Having multiple strategies is not the same thing as having a plan B. A plan B means that when things go wrong then you make a switch and this reeks of the fact that the switch is a less pleasant alternative. If it was better, then you would have used it in the first place. Multiple strategies on the other hand help you to trade different market situations. For example day trading and swing trading.

[hitesh]

since i know that market has it own kinds of movement, i'm already making several type of EA that can be run alternately, so when the market moves sideways, it's time to use martingale system, when the market going to be a trending, using a scalping is the right option, and so on, each moment has it's own plan. so i guess i'm not only having plan b right?

[hello927]

Every successful trader has plan B in his strategy and when he feels that something is going wrong ,he changes his strategy and works according to the new strategy. This is called hedging. It can also be termed ass emergency plan in case of somsomething goes wrong with current strategy.

[sufanw1]

I always have a plan B or both. The plan would I do if plan A first or that I apply to no avail. So I'll make a plan B, and usually in the trading occurs when I either open position, so I was right to trade with a plan B and a nice thought.

[macblanc474]

plan b can be a actual strategised plan with the advice of stop accident and ambiguity coz with these you can atleast abstain affairs of authoritative a huge loss, i aswell use sl now everytime and i m appealing annoyed and aswell a bit airy coz of it while trading.

[hitesh]

bahi hedging ka use karna ka bhi aik treeka hota hai kion kay koi forex ko hedging nhi karah sakta hai app ka sharp mind hona must hai hai hedging aur hain reverse trade ho raha hai to monitors per on rahna lazmi hota ha

[vanigota]

yes, i am also have the plan B, because i am also can got the failed from the first planing, so i think that i need to have the plan B to make me earn the money from the forex business, if i do not have the plan B i think i must being fail

[sumonmia0526]

for me plan B is back up money when our equity in danger ..it can happen sometimes we can't set SL and risk more and more later we see our equity in danger and the position needs long time to recover and our accounts are in red alert that time we need deposit a good amount of money for safety ..i think we all must follow plan B

[irfan]

Yes, plan B is very important for every trader and I always have a plan B ready because the tough and bad experience in Forex trading has taught me great lessons and now I am much more careful in my trading life than before.

[sripanut]

Before entering the market, I usually analyze the trend to make agood decision. After that, I have plan A and plan B. If my decision is wrong, I usually cut loss my position and make a new position.

[jab we met]

sorry make every time good plan before open any trader i visit websites for forecast and read indicators signals for my trade so most of the time my A plan always be successful but if my A plan not successful then i use the B plan

[faria]

Yes I truly do use a plan B which suggests a different method just in case a business will go incorrect or maybe you will find unsure marketplace conditions or maybe through instances when development is not obvious. And so a broker should have an additional plan in mind in case there is an urgent situation. By way of example you can work with Hedging in case there is an undesirable business or maybe unsure marketplace conditions.

[kissshore]

Yes off course I have a plan B in my mind..! I think every good forex trader have a plan B in their mind because is not so much easy way of earning, if you would become a good trader then you should have become extra ordinary mind to think about the different strategies of forex while trading , it would be help full for all of forex traders..!

[mony1]

I think it is better to put your own so that the two plans, one of them is used and that the plan failed to use an alternative plan to be able to compensate for any losses

[tamanna]

I don`t have any clear idea about plan B because i m a new trader in forex trading. But i can just plan B is a strategic plan with the help of stop loss.

[pepoo]

Yes, there should be an alternative plan at any Forex trader as an example of a strategy that followed has become incompatible with the state of the market and achieve a bigger loss of profit that did not have another way different for trading, it can not profit and will lose what you have achieved because of the incompatibility of the strategy with the market at a time the current

[ishvara]

I don`t have any clear idea about plan B because i m a new trader in forex trading. But i can just plan B is a strategic plan with the help of stop loss.

Try your best to make sure that you have a plan B at all times in your trades. A Plan B is a second plan that you plan to put in place in an event that our main plan does not work out as we planned.

[didikebenaran]

Plan B works best when in trading market ,traders face odd situations and their first plans fail .
Forex trading market is full of uncertainty and thus here traders have to be well prepared with strategies and perfect plans to trade in a protective way.

yeah i always use a plan B in my trade and I do not want that trade to trade with me a lot to lose with me made a mistake in my trade then I will do my trades by trading with heging to plan B

[ali1011]

main jsut plan A he p concentrate karta hun plan B main ney kabi bnaya he nhi lekin isy bnana boaht he acha rehta hy ku k aisa hy k ap agar A plan me fail ho jaty ho to ap plan B ko fallow kr k loss sy bach sakty hen planing karna trading me boaht he profitable hota hy .

[shwaikich]

Of course I have always Plan B. I do not personally adopted the plan of the work of one currency must be found alternative work I have a plan in case of emergency

[ernestina]

Strategies will always fail from time to time but that does not mean that such strategies are bad altogether. Having an alternative to our existing strategy is also not a guarantee that that strategy will not fail also. As traders in the forex market when you have a plan B or alternative strategy for trading always use it side by side alongside your existing strategy.

[rakeshnikam]

i guess nobody in the beggining has a paln...but it gets developed by itself as the sixth sense...losses is wat tends u to go for a plan....itz always worth having a plan coz of the instability in the market....

[awaccoo]

I always prepare a plan B just in case if the market moves beyond what I expected and my original plan can not be run properly, and so far I think the it is still useful, though not always in use while my main plan goes well

[Sabbirbd]

plan b can be a very strategist plan with the help of stop loss and hedging because with these you can at least avoid chances of making a huge loss , then come back from loss then u can make huge money in business .

[penjualdolar]

I just make a plan for my trade and I do not make a plan b, although it would be better if we have a plan b to anticipate if a plan we have failed in our trade.

[mehedi islam]

Do You Always have Plan B?

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
yeah hedging is very effective and recognized method to lessen loss. but we should use this method unless our position goes against our prediction. as it is a loss reducing method so it is also a part of our strategy. i often use this method when my position goes against me.

[nterziev]

Mmm no i don't have any plans.When i start something i do in the same moment if something goes wrong i act in the moment to stop it.I'm a risk member and if i loose something i will take lesson and will not do it again :)

[shahinraj11@yahoo.com]

In every sector you have to plane b,and business sector every business man apply many plane so plane b u have to. Forex also ready to plane b because alternative plane always work.

[Sabbirbd]

I have a plan B which means a different strategy in case a trade goes wrong and there are uncertain market conditions or during times when trend is not clear . but still i want to make more money from this site .

[joru]

Since you mentioned that you do not have any plan only then in your case you need to first develop a plan or Plan A in your case and form a direction for your trading and then later on worry about making a plan B.

[kiran]

A trader needs to trade with his basic and main strategy most of the times which can be called Plan A in this case but due to risky nature of these markets and unpredictable attitude of these markets it is important to have a contingency plan which can be Plan B in this case .

[syphertob]

I think good traders will always have many options so just give your self options and make it simple and so i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.

[milan]

I consider in Fiorenze you must eff design B as every instance things gift not go according to you and few times you poverty to hit project B. So fitter you somebody all the planing finished before you unlawful a positions as if your Project A does not make and things does not ago according to you so you can use think B then.

[yum]

i have three plans that are based on three different strategies and the plan A and the plan B are inter related as the plan B is the rescue plan for the plan A if that does not work for me and the Plan c is totally different

[tanjim7]

i never have plan B because i dont have any idea about plan B and also i am newbie in forex currency trading. hope i will gather knowledge about plan B soon.

[jamalmolla5]

If you are a newbie, hedging isn't the right strategy for you as you might not be ın a position to handle the hedge sells properly and also facing loss well over profit. It is a very glorious strategy for those who have good experience of market price action.

[nabila]

I do soul a direction B which agency a distinguishable strategy in example a line goes evil or there are doubtful industry conditions or during present when discernment is not comprehendible.So a trader should acquire another direction in nous in sufferer of an brake.For information one can use Hedging in casing of a bad transaction or unsafe

[purohit]

mere pass koi plan b nahi hai.
mera balanc or profit jyda nhi hai so koi bi b plan plan ni kiya hai. ha lekin jab main forex se acha profit kamane laguga tab me b plan jarur banauga.
kuch pesaa backup k liye rkha kaurga.

[yum]

i must say that we all must trade with two plans at least as there are many times in the forex trading when we fail as we have made the wrong trades so must there be plan B

[taqiniazi]

No i don't like plane B. according to me Hedge is not profitable strategy. i think you just open one trade and can't make the opposite one . because in hedge the profit and loss is equal..

[terajana]

Plan B will probably give us another chance to get a lot of profit, and certainly will be needed if the primary plan we have does not work well because a lot of things .. mainly because the market situation will continue to change in a rapidly ..

[incredibleindia]

It is always important and helpful to have an alternative plan just in case our first plan fails to work. Many traders do not even bother about plan B seeing that making plan A is often very challenging and laborious.

[mehedi islam]

If you are a beginner, hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.
i am totally agreeing with you view! hedging is not good strategy for the beginners as they think hedge as a profiting strategy. but hedging is actually loss reducing strategy not a profit making strategy. though it might give profit to someone if he has very good idea on market movement that is price action.

[joru]

It is good idea that we should be prepared for worst situation, it happen many times that my trades are in loss so neither i can close those nor i can open new trades to cover losses due to lesser margin, for such situations i am ready with another account and even if my account is stuck on getting another good opportunity i use the second account to reap profits.

[Mohona]

Plan B is not right strategy if you are a beginner . After all Plan B is helpful for stop loss and hedging if you can use this plan properly. If my own plan is not working unluckily then i use hedging and i can control my loss .

[antosco]

Your plan B is good. Hedging is a good style of trading forex, since the market only moves either upwards or downwards, it means if the market went against our initial movement assuming upwards we would open a downward movement to take profit when the market finally favours our initial direction.

[Ksal33m]

Yes I have a plan B, which has a different meaning as business strategy goes wrong or there are certain market conditions or the time when tension is clear.So trader must have another plan in mind.For using the fence in case of bad business or a state of uncertainty of the market.

[ahmedi]

Yes I have a plan B, which has a different meaning as business strategy goes wrong or there are certain market conditions or the time when tension is clear.So trader must have another plan in mind.For using the fence in case of bad business or a state of uncertainty of the market.
yes sure and many traders will have a total profit or loss level for the day. When they reach either one, they'll quit for the day. If you use bad system like keep in failure and you hit the maximum loss, then you should quit

[aina]

As we all know that there is certain limit to the trades in terms of the stop loss and this stop loss is the main indicator of the reversal in the trends so the plan B is to be the other way around after the stop loss.

[tuntuni]

I conceive in fiorex you moldiness eff mean B as every dimension things gift not go according to you and whatever times you requirement to person thought B. So turn you acquire all the planing through before you ingenuous a positions asif your Intend A does not succeed and thigns does not ago according to you so you can use arrangement B then.

[ahsankhan]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

may samjhta hun kay har koi hedging nahi karah sakta hai sirf aur sirf wohi karah sakta hai jo bohut he zayda sharp mind ho ga is kay ilawa may samjhta hun aur koi nahi karah sakta hai.

[kibara]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.


i have plan B which is mean i m investing 40% of my money firs time if i trap in a position or in a trouble then i deposit 20-30% again for backing up and trying to recover with more volume ..i think everyone having this type of back up plan

[Hamza Guizi]

"If your positions go wrong, the best thing to do is close it,

setting a sl in every position we open is vital to limit the loses

AND NEVER HOLD ON TO A LOSING POSITION

Regarding hedging, never attempt to use it when your equity is low, it is nothing but inviting MC. Its a complex method and requires good knowledge "

[safwan06]

no. but i will use this plan in my next trading. i think this plan will help me to reduce my loss. thank you for sharing this necessary information. i am very much grateful to you. all the best, mate.

[solidperson]

there is always need plan B or back up money or assets ..for this reason i always invest 30-40 % of my assets first and keeping rest of the money as back up plan ..all we know that Forex can be very dangerous sometimes and major crash happen anytime so we must prepare for that situation

[younesjoe]

yes for me i organise my trade to can have a good result and to can have my but ; the organitation it's important in any travel , or bussiness bythe organitation you can win .

[Hamza Guizi]

main waity karta hoon jab tak mera position mujhe profit nahi dete , chahye kitna bhi time kyu na ho 1 week, 1 month ya phir 1 saal

[Forex]

I never use a plan B in trading, while trading, I always use the first plan and never changed the plan. on the transaction, I always use a stop loss and take profit, so I do not think of a plan B. I think the key is patience and discipline forex

[solidperson]

I never use a plan B in trading, while trading, I always use the first plan and never changed the plan. on the transaction, I always use a stop loss and take profit, so I do not think of a plan B. I think the key is patience and discipline forex

but should think that ur continuous wrong analysis or guess can less ur equity and u can even lost almost all of ur assets then u haven't not enough balance for come back again ..for the disasters we should prepare about plan B

[speculator]

yes, i do.

i plan what if scenario. in given context, i try to find reasoning why it did not happen. then i try to figure out what alternative i can do .

in trade i try to reserve capital and limit risk less than 5 % so that i have another day to live with plan B ...C whatever

[njoroge5]

plan b is a must and thats why you have to understand the whole issue of trading and you have to know where you start and where you end, its worse when you cannot be able to make anything. just understand the basuc issues. and trading becomes very much easier.

[njoroge5]

yes, i do.

i plan what if scenario. in given context, i try to find reasoning why it did not happen. then i try to figure out what alternative i can do .

in trade i try to reserve capital and limit risk less than 5 % so that i have another day to live with plan B ...C whatever
plan b is a must thats why the many and so many strategies that can help me, if I can not trade swing trades I just result to scalping and that really helps a lot.

[GeniusInv]

At the start of trading in the forex market, use one plan and try to improve that plan. I read a lot about the usefulness of an alternative plan in case of non-functioning of the basic plan the way needed ... But I afraid of dispersion, and I like to concentrate on a single strategy.

Just my 2 cents.

[z234]

actually i am totally unaware about plan b but i come to learn that plan b is a plan which is very important for gaining something in this trading.so i have to gather knowledge about this,thank for this question.

[shoeib]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
nopes trading me plan b jaisa kuch nahi hota aap strtgy banate hai sahi hui toh profit ya phir loss yahi 2 option hote hai aapke paas agar aap badhiya se market analyse karke expert advise par aur news par bhi dhyan dekar trade kare toh aapko koi zarurat nahi plan b ki..

[sohel333]

bilkul sahi bat he ...

me bilkul sehmat ho jo uper poited out kia gaya he ...

kiu ke mujhe bhi esa lagta he plan B kam karti he ..

or mere janne wale kafi log ye plan b ko istemal kar rahe he ..

so i think it works ...

[marceasypost]

I like the way you share your knowledge with the others, we all need the experience of the others, we are all traders in the forex market. we must share our knowledge to each other, It is very important to know the others are trading in the forex trading.

[KOULL12]

I trade just only simple way with my analysis & money management rules.
but after reading all post of this thread i am thinking that i should have plan B. but now i got confuse what will be become my plan B. i am thinking about money backup.

[espin]

No i do not have plan about b i do not thing that i can make lots of profit by doing this business in b area , i have plan about gold business i thing gold is the place where my time will use in a right way.

[CemonG]

I trade just only simple way with my analysis & money management rules.
but after reading all post of this thread i am thinking that i should have plan B. but now i got confuse what will be become my plan B. i am thinking about money backup.

Plan B referred to perhaps more to the strategy not back up your money. In any undertaking trading we have to have 2 to 3 plan strategy. It will facilitate we had it occurred false on open price first, that ' s function plan B must always be there..

[Hamza Guizi]

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

[sohels]

oh sure plan b can be a very strategised plan with the help of stop lose and hedging coz with these you can atlast avoid chances of making hug lose

[espin]

in some cases i like to do business in b area but some time i fill this area is not so good for me i do not like make plan about b . i like to take the challenge that is why i trade with gold.

[Hamza Guizi]

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

[Hamza Guizi]

If you are a beginner, hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.

[peyekiwak]

Do you guys (traders) have a plan b ?
yes.. i have plan B..
but.. if i got wrong on Open position.. i always try to cut loss.. [max 35 pips],
my plan B is.. :
i will wait until the next market to OP with more lot..
sample : if i loss 1 lot, i will op for the next trading using 2 lots.. :) but it high risk and high return too.. :)

[ghanchifarhan]

yes, my plan B is anticipation plan, because of the market some time working against my position so I need plan B to minimize my loss and it is run well but I still learn about the patience and how to read signal more better because when I think the position is safe to end plan B but the market keep going and the loss keep working.

[moi for vous]

I think everybody must have plan B. But First you should fully concentrate on your plan A. If you have fear in you heart then it means that you have already seen half of the failure. So you should be very confident and brave enough to bear the loss and never give up. Try your best to make your first plan a successful one.

[Rahul]

pata nahin aaj tak to plan B ka dhayan nahin rakha par main to abi new ho isme to keh nahin skata abi jayada experince nahin ha wiase plan b ho to sahin ha aur loss kam ho sakta ha taki jaldi se loss ko cover kar sake

[safayet39]

yes that is very true that once we are in the process of opening an demo accounts we are now in the process of learning and preparing our selves to the real world in forex business. demo accounts is just only a preparation and awareness of our selves on what we are going to do in the real forex trading accounts. their are lots of programs in the forex that are offering demo accounts where we can make some practices.

[raju21]

I also use plan B. And my plan B is to use stop loss. I believe, each of every traders should use stop loss. Because stop loss is such a useful tool that will protect you from huge loss.

[Hamza Guizi]

Yes I do have a plan B which means a different strategy in case a trade goes wrong or there are uncertain market conditions or during times when trend is not clear.So a trader should have another plan in mind in case of an emergency.For example one can use Hedging in case of a bad trade or uncertain market conditions.

[safwan06]

i am preferring to use stoploss than to use hedging. hedging will decrease your loss and on the other hand hedging is only able to decrease loosing rates. thank you.

[arif01]

So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee.

[Bhavik Patel]

If we have plan B. Then we should always move to plan B. Its better to analyze the faults in plan A if we fail in that. i think if you are ready to face the every situation in the market then you can be good trader. just remember that you should find the best time to trade.

[Boss]

Yes I always plan for the alternative, whenever I get loss then I execute my plan B and by applying that I recover my losses which I do here in Forex trading that is why Plan B is always very much necessary here in Forex trading.

[omer1]

Trade start krne se pehle hamesha ye soch kr krna chahiye k ye aap k analysis k oposite bhi ja sakti hai iss liye plan B ka hona bauhat zaroori hai yaa tou jo loss ho uss ko le liya jaya ya phir hedging ki jaye jo k aik bauhat difficult thing hai agar aap samjhte hain k aap hedge trades ko nikaal lein gay tou hi iss strategy ko use kren otherwise beginners k liye ye bauhat mushkill hai.

[zulqurnaine]

I am newbie in forex trading business and i recently open real trading account. I heard about the plan b but i never use it becasue i am not from long in the forex business,.

[hasnian]

dear ur post is the best for the traders but i don t now about the trading plan b can u tell me about that it is the helpful for me in the trading field and the business

[grabbani]

Yes or course I always plan for the alternative plan so that if any thing goes wrong then I can recover my loss from here in Forex trading by executing my plan B and there by I can regain the loss from here in Forex trading.

[sammy]

yes of course. everyone should have a plan B. and this "plan B" is very much like setting stop losses, having proper money management etcetera....if you dont have a backup plan you will easily get margin called. so always be prepared for worst.

[oscar]

always have a plan B is a must for forex trader ..
we must always anticipate the possibility of price movements have been inconsistent with our analysis ..
and always try to have another plan to get profit from it

[Hamza Guizi]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

[Agazaman Awang]

i use counter trade for plan b. just incase market different from our view. so when the price going down while i buying for hoping price going up. i open another position sell to counter my other lose position.the lose position thats i have later i close when market going up in other case i never close my position until the market reverse.this work for me many time

[melisa]

i use counter trade for plan b. just incase market different from our view. so when the price going down while i buying for hoping price going up. i open another position sell to counter my other lose position.the lose position thats i have later i close when market going up in other case i never close my position until the market reverse.this work for me many time

right. more precisely in the forex planning must be complete, when the profit from the plan and a backup plan when trading is being lost. I think the luck factor should not be entered into the trading plan, adequate risk management course. prediction of later born when the analysis was done, and should not be based on feeling.

[forextech]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
sir heding ak bohot hi acha plan hai magar heding ke liye bohot sara forex trading ka knowledge bohot zayada capital aur bohot hi zayada experience chaie forex market me

[dhalsem]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

It works good on bigger accounts where I can plase enough number of another positions.
But its not very effective for small accounts where cant place enough orders.

[solidperson]

i have plan B always .. i use d of my 30-40% of assets for trading ..an rest of the asset is for back up plan and for critical situation ..we know Forex is very risky if we do some mistakes and it can destroy our mentality our strategy quickly so we need to prepare our-self for a bad situation and that time plan B is needed

[tarun2305]

sab kuch dheyan mein rakhna chahiye aur apke pas ek plan B bhi hona chahiye, rules ho ya fir basic knowledge ho, ye sab jaruri hota hai, knowledge jiske pass hota hai wo kafi had tak forex mein serious hi rahta hai.

[kanon]

i have always Plan B other strategic and technical field as the economic domain, especially in foreign exchange you not know that's what happened to the future

[jui_222]

It is a very yielding strategy for those who have good experience of market price action. traders has many options so just give your self options and make it simple. loss from the Forex markets and thus become ready for the future.

[forever]

When followed to, a trading plan will help limit trading mistakes and minimize your losses. After all, "if you fail to plan, then you've already planned to fail." so we must alwayz have plan B to reason to limit the risk and progress in field trading

[pepoo]

Yes I own is always an alternative plan for profit and to deal with the market and must on any dealer to do this and be ready to plan and an alternative method of trading because any strategy no matter how good comes the time, who do not achieve the profit it and resist the market and we did not have an alternative plan can not make a profit from the market ..

[eman]

i have plan B always .. i use d of my 30-40% of assets for trading ..an rest of the asset is for back up plan and for critical situation ..we know Forex is very risky if we do some mistakes and it can destroy our mentality our strategy quickly so we need to prepare our-self for a bad situation and that time plan B is needed

plan B an appropriate measure just in case if circumstances occur unexpectedly and outside the control of the trader, with preparing since before trading begins this will help make it easier to take action quickly on the time the decision must be taken

[miketega3]

i dont have a plan B for me having a plan B is having a plan to fail that why when i place a trade i dont get emotional i stay committed to that trade even if it is a losing position ,until my stop loss is hit

[samo]

Yes I always have a plan b when I am on a losing streak. And that is to reverse my strategy and go against it. For example, if my strategy is giving me consecutive losses, what I do is when I see a signal of my strategy, I do the opposite and instead of buy, I sell. And in that way I win consecutively too. But when the market is back to normal, I go back to my winning strategy again.

[got2luvyou25]

sab kuch dheyan mein rakhna chahiye aur apke pas ek plan B bhi hona chahiye, rules ho ya fir basic knowledge ho, ye sab jaruri hota hai, knowledge jiske pass hota hai wo kafi had tak forex mein serious hi rahta hai.

dekho bahi serf basic ki bana per hum Forex ko win nahi ker skete hum ko dekhna chahaye k market bahut bari ha , bahut complciated business ha or asni se win nahi kia ja sekta , so therefore hum ko advance hona chahyaye about this business

[mesbahjsr]

plan B is fewer like stop loss. it can not stop loss but can help us very much. when our trading goes against our capital or our position we can use plan B for making our loss in a minimum level.

[pkdoo7]

hedging bahut hi risky aur failure method hai iska istemaal trade main nahin karna chahiye main is method main kai MC pa chuka hoon aur aage ab is method main trade nahin kar sakta .

[tarun2305]

plan B to hai mere pas leikin waise me toh pura din trading karta hu jisse mujhe acha khasa profit ho jata hai aur me try kar raha hu ki me jyada profit kama saku

[engsmsm]

If you are beginner hedging is not the right strategy for you as you might no be able to handle your hedge trades properly and loss more than profit it is a veryyielding strategy for those who have good experience of market price action.

Hedging is very bad for any Beginner because he needed a great experience I am not the best to deal with him because he never loser in all cases except shops with a professional because he knows a good point of entry and exit points

[cuongmom]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
Well , in my opinion, your thing what you mean the plan B is so fool order.Because the hedging only used by big capital. You have only small capital and you can't trade in long term, therefore trade with hedging is so risk and difficult to earn money.
i sure about it because i try to hedge a lot of time but i loss only. Goodluck to you.

[Mr 92]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

no i dont have any b plan, i just wait for my price to come back and if i got margin call then i make new account and start again ,never give up baby

[rasel5]

i have no such a plan.i trade on forex by my mind.there is no plan and no good strategy and for this reason i am not making so much profit.i had so many opportunity but i was unable to use them for lacking of a good strategy and any good plan.

[Juleenayer]

plan B can be quite a extremely strategised program with the aid of cease damage as well as hedging coz basic you'll be able to atleast stay away from likelihood of setting up a huge damage, i in addition use sl right now each time as well as i mirielle fairly content and also a little relaxed coz than it though exchanging.

[safwan06]

i never want to use hedging. it is the method of reduce risks. i prefer to use stoploss. not interested in loosing money. thank you.

[royronjonsukla]

i am new trader but i think it is not impossiable to make profit by one plan for any business. So a trader should have another plan in mind in case of an emergency.

[CemonG]

i am new trader but i think it is not impossiable to make profit by one plan for any business. So a trader should have another plan in mind in case of an emergency.

of course we must prepare a plan B, Because in every forex trading must undergo a series of mistakes, in anticipation of the first course we had to prepare a new plan to reduce the risk of that happening...

[neeluminam]

I think every trader should have plan B because in case of any uncertain market condition plan B helps that person out .

[pinki je]

jab humari trades loss main chali jain to humain market ka wait nahi karna chahye ke yahan se wapis a jay ge yahan se a jay ge balky humary pass koi plane B zaroor hona chahye ta ke hum apna account na loss karwa lain kion ke yahan humary deekhty dekhty he account khali ho jata hia

[forexboot]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.
forex trading market me heding karna aik acha idea hai magar is ke liye bohot zayada dimag larana parta hai sath hi me acha capital aur forex trading ka experience hona be zaroori hai is me

[ndm]

as forex treading is the best business i have ever came across ever then still when you are trading here you must have a plan B in your mind that if this thing happen then you will go for that plan and in that you will avoid loss

[youssef]

plan b is a must and thats why you have to understand the whole issue of trading and you have to know where you start and where you end, its worse when you cannot be able to make anything. just understand the basuc issues. and trading becomes very much easier.

[taufiqbd]

I never always follow a single plan, which plan I use it tell me market condition, I always try to go the market way, market move up I go to up and go to down I go to down. I think a trader always flexible in his plan to cope with any situation in forex trading.

[safwan06]

i am trading in order to make profit, not to reduce risks. so i do not prefer to use hedging. rather than i will exit the trade. thank you.

[pakkar]

plan b is a must and thats why you have to understand the whole issue of trading and you have to know where you start and where you end, its worse when you cannot be able to make anything. just understand the basuc issues. and trading becomes very much easier.

plan b is not really a must for all traders, but for me it's something important to secure capital in order not to lost it all because a little mistake, and to plan b I feel everything can be measured, both gains and losses may be obtained may be limited at some point

[safwan06]

i again say that i hate hedging. i do trade with all my efforts in order to make profit, not for loosing and than reducing loss. thank you.

---------- Post added at 05:04 AM ---------- Previous post was at 04:39 AM ----------

no, i never use plqan b. i am trying to make profits , not to loosing. i think every traders should look at increasing profits, not in hedging. i never prefer hedging, thank you.

[sammy]

well plan b means how i am going to stay in the market if my calculations and analysis is wrong. well, using a stop loss is a plan b right there. if u r wrong, maximum u can lose is a percentage of your account, not the whole of it..

[william88]

Actually i dont have plan b..because i dont think too much strategies..
I just used one strategy,and i put my stop loss in it..If i do wrong,then it will have the stop loss..hehe

[bestlooser]

plan b is a must and thats why you have to understand the whole issue of trading and you have to know where you start and where you end, its worse when you cannot be able to make anything. just understand the basuc issues. and trading becomes very much easier.

yeah planning will really make your trading easier and without planning it will be tough and for me trading is all about mind and it is a mind game and we have to make plans all the time and good plan can really give us some money so why not just focus on planning and get the results.

[farhannasir]

My strategy B is to delay for the marketplaces and then business only when the pattern is obvious and we are able to see the alerts. This is so because we cannot chance of losing all the investment that we have with us at at any time.

[larasati]

yeah planning will really make your trading easier and without planning it will be tough and for me trading is all about mind and it is a mind game and we have to make plans all the time and good plan can really give us some money so why not just focus on planning and get the results.

we do not have to directly make your own trading plan. Since we do not know what forex trading, but if we already know, should we have to make our own trading plan, which according to our convenience when trading.