I do not have a plan B, so I am often confused when I encountered floting minus. then what and how the shape of the plan B that you use, whether Plan B should be opposite to plan A. please help me ....
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I do not have a plan B, so I am often confused when I encountered floting minus. then what and how the shape of the plan B that you use, whether Plan B should be opposite to plan A. please help me ....
Forex trading is a quick money making business.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.Have a nice day.Good luck.............................................. ..........
when i started forex trading i didn't have any second plan. for this i had to regret . But now i always have plan 1, plan 2 and even i have another plan which i call survive plan. its really necessary.
at what time i in progress forex trade i didn't have any subsequent plan. for this i had to regret . But now i for eternity have plan 1, plan 2 and smooth i have a different plan which i call continue to exist plan. its really compulsory. I dont have back up chart when I was in the forex hammering. I just had to stop a whilst and stay away from forex, to restore my mind. My mode to cover the loss as a rule stops trading, for the reason that if the mind is stressed, open positions are not good.
I think it is necessary to always have plan except if we are just too sure of our trades. BUt a lot of times overconfidence kills, so it is better to always have plan be. And ofcourse, I do have paln B in all my trades.
Before i do not had now i had yes i always have a plan b it is simple when i m in loss i don,t invest all money some i invest other i invest letter yes Dude.........
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..
NOt just Plan B we need more plan like C or D in forex, coz its unpredictable situation ever,so we must continue to find a profitable trading strategy and practice in demo, but sometime we already have a profitable strategy, but cannot implement it properly making us to struggle in making profits. Consistent implementation is important.Quote:
Originally Posted by youyou
in forex there is always be a plan b 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.
you are right we must trading with the clear cut signal. if there is no signal then do trade wait for right time.Quote:
Originally Posted by youyou
trading without signal lead a big role for lossing but due to emotion part we can not control easily on it.
i dont have such kind of plan i just trade with my strategy but in money management.