well based on my understanding i think a good and profitable forex trader just have to learn more than one plain because the more your plan is not given you your result then you can make use of the other plan
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well based on my understanding i think a good and profitable forex trader just have to learn more than one plain because the more your plan is not given you your result then you can make use of the other plan
Yes of course I have a plan B, which means a different strategy in the case of trades completed or no uncertain market conditions or during a time when the trend was not finished. So traders should have another plan in mind in case of emergency. For example one can use hedging or averaging in the case of a bad trade or uncertain market conditions. I think it should be in forex you need to have a plan B as a time every things will not go according to you and some times you have to have a plan B. So you better have all the planning done before you open a position that does not match what you expect
yes, of course ... I always have a plan B in the trade ... because in forex no one knows where prices will move and will stop where ... if we know about this principle, then plan B is a must if we are going to enter the market ... used plan B if plan A fails ... This method can reduce the chances of loss and may increase the chance of getting profit ... all professional traders would always prepare a plan B in the trade ...
yes plan b is very important to put in mind in this market becouse the loss is very near to your account it's nearer than the profit , so you should have a plan b , plan b has many tybes one of them the stand by account , this account you make it as stand by you can to transfare it in anytime to help your account
have a plan B as the safety of the plan A is very important because if once calculated all possible benefit from trading with Plan A turns the market moves in the other direction. to anticipate this then executed plan B.
Even in my trading often have a plan A, B, which is also reinforced with a plan C and D, all that is possible and it is all part of the trading strategy.
my opinion plan b can be strategised actual plan with the advice of the accident and stopped coz ambiguity with atleast you can stay away from the affairs of authoritative losses, i ALSO use sl now each time and im pissed of interesting and somewhat airy ALSO therefore while trading.
:)
i do always have a plan b regarless the situation in the forex market that is what i ccan say mostly about the forex market always have three plans in case two fail you have the other.
having plan B seem like we want to avoid the truth. When we already make analysis, try to always stick to our rules. Plan B just like hedging, martingale, or move stop loss further is the worst way to accept our loss. If we do this kind of strategy, our equity will decrease each time even our balance will growth. Remember, money that we can withdraw is our equity, not our balance.
We can have to make osme rela money an so that we cn have to make some real money and where we cna have to make some real money na so that we nca have to make some eal money na so on...
If you are a apprentice, prevarication is not the accurate approach for you as you power not be intelligent to switch your prevaricate trades appropriately and opposite loss more than earnings. It is a very squashy approach for those who have excellent understanding of advertise charge achievement.