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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.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. 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.
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yes i have a great plane making in my mind every time which wish to be done in forex by doing trade and making the total benefit from trade at forex and now i am trying to make better plane every time while trade.
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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
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strategy B is less like stop-loss. it can not stop-loss but can help us very much. when our dealing goes against our investment or our place we can use strategy B to make our decrease in a lowest stage.
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no, i dont have any plan B now, because the plan B often makes me get more losses and it really bad. i just want to trade with proper TP and SL only, and i dont want to use any averaging or martiangle as my plan B
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no mostly my plan a work fine for me so that i do not need to use any other plan i just good study the forex market before make plan and work according the plan that is why i am very success man in the forex market we should always need to work hard to win hard and easy cash.
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I have only one plan, and I did not think to make a plan b, because by making the next plan, will usually make us inconsistent with the previous plan we've ever made, and it could have made our experience a margin call
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yes i have made more then 2 plan if one plan for me is fail then i use second or third plan in the forex market because my basic target is to win money so that work hard and stay in touch with forex market to win more and easy and very fast money always work done fine to win and success in forex.
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It's a diet?
We believe that in General and to invest, if something wrong as my personal tactic at this time, it is necessary that something usually a must after so much less personal loss. that's why we created this problem, making people (traders) have a very n strategy?
I have plans and its special known as hedging. Personally, I use the element when my personal investment, other than my personal strategy for certain types of such is not, but you certainly your engraving at a certain level can handle. You can imagine the party and choose which suits you the best. Strategy to discuss.
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I have a plan B, I'm afraid I was a plan B, I was not consistent with a plan that I have, and therefore I will try hard and will execute plan B if really pressed, probably when it will do the last entry before the account margin call
