Do You Always have Plan B?

YES,have always plan b for my trading plan.and my plan b is exit from trades when i feel cönfused about market movement or when i am not feel cönfident to determine trend and make open position.

ji haan i beleive in strategy B. in currency trading you must have all types strategy and you should do whatever you can so many situatiosn wil lcome so you must have strategy A , b or strategy C even. but I think excellent investors will always have many choices so just provide your self choices and keep it uncomplicated.

yes we have to have plan B for our secure and for protection... i think trading is the reaction from us with the market ... when we know it then every thing will be ok

Since you described that you do not have any strategy only then in your situation you need to first create a strategy or Plan A in your situation and type a route for your dealing and then later on fear about creating a strategy B.

Ya i have a plan B..everyday i see my trading chart and after that i make sure first where is market going.Basically i am using daily Pivot,support and resistence system.It's gives me a good business strategy and that's why i can make 20 pips in daily.And it's enough for me.so you can also follow that technical analysis..

So a trader should have another plan in mind in case of an emergency. It is a very yielding strategy for those who have good experience of market price action.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.I am all time try this.

if we want to get success in any business we must work hard and also make a plan.i also have a plan b.so that for this we must make a plan always.

I do somebody a organization B which capital a divergent strategy in frame a job goes false or there are unsettled industry conditions or during times when tendency is not pure.So a trader should someone another contrive in manage in circumstance of an exigency.For model one can use Evasion in framework of a bad merchandise or indeterminate

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Originally Posted by bestlooser

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.

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Certainly, like any other trading endeavor, Forex day trading also involves risk. Think of it this way, when a person starts a firm, challenges are sure to come up.

It is a very yielding strategy for those who have good experience of market price action. It works good on bigger accounts where I can plase enough number of another positions. For example one can use Hedging in case of a bad trade or uncertain market conditions.