i think that in forex and for other business we need plan to get be a successful trader of forex and think i also have plan to be a successful trader of forex
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i think that in forex and for other business we need plan to get be a successful trader of forex and think i also have plan to be a successful trader of forex
I also hedge when my analysis proof wrong or to save my position against minor trend. I am not so good in hedging but as I don't place stop loss so I have no alternative without hedging. Again sometime Hedging not only save my first position but also sometime I make profit from the opposite position . So in trading I think we should let the floating minus to increase drastically and should have some protection to stop it.
No because forex trading you do not need for many plans for it, of course, a very simple business but difficult for some users who think it's very difficult, but Forex Trading is very easy because it is based on positive thinking
No, I dont have any plan B, i just wait for price my best to come back and if you get a margin call then make a new account and start over, never give up child
मैं न योजना वापस ऊपर है जब मैं विदेशी मुद्रा नुकसान में था.I just had to stop a while and stay away from forex, to refresh my mind. मेरा नुकसान को कवर करने के लिए आम तौर पर व्यापार बंद हो जाता है, क्योंकि यदि मन पर जोर दिया है, खुले स्थानों में अच्छा नहीं कर रहे हैं.
Forex is best chance. affirmative I do have an idea B which implies a special strategy just in case a trade goes wrong or there area unit unsure market conditions or throughout times once trend isn't clear.So a monger ought to have associate other arrange in mind just in case of an emergency.For example one will use Hedging just in case of a foul trade or unsure market conditions
I think it is not good because the market is going up and down so you have to have a plan B if plan A fails and can trade again because the plan will make our trade more focused and as we want to winQuote:
Originally Posted by nbh75
yes bro i learn about this thing and now i also make this in my trading because bro when we use this then we save from the big losses because bro if we get the loss then in second trade we recover this loss and make the better profit from here
I do not like to have plan B while trading in the forex market as i always try to take the trade with proper decision before i have to take the trade. so that i can not lose on that trade and my take profit get hit. so it is one of the best thing to retain your trade till it hit take profit or stop loss.
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.