Ride the Trend and Enjoy !

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Originally Posted by dead

we should learn lesson from this type of mistakes. if trader use sl on his trading then he might be minimize his losses. this is very irritating that losing all the money in 1 trade. i also faced this type pf situation, but that was for taking bigger lot than usual one. but this is the advantages of forum where we can learn lessons from others mistakes and we should follow the forex trading rules strictly.

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if you know where the trend is and able to ride it with proper fuel(money management) you dont need to worry to set stop loss, but the problem is how de identified the "real" trend, not just a fake trend:)

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Originally Posted by fravash

if you know where the trend is and able to ride it with proper fuel(money management) you dont need to worry to set stop loss, but the problem is how de identified the "real" trend, not just a fake trend:)

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May be its true but sl is important when our balance is little because if there is uptrend and downtrend then sometime after rising and falling sometime its reverse back and for this to keep profit (if not long) then we need sl and tp but if have huge balance then its others words.

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Originally Posted by vicky

May be its true but sl is important when our balance is little because if there is uptrend and downtrend then sometime after rising and falling sometime its reverse back and for this to keep profit (if not long) then we need sl and tp but if have huge balance then its others words.

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stop loss remains important every time we start to trade ... although sometimes stop loss can be frustrating too, when the price touches the stop loss and then back again to the original price ...

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Originally Posted by vicky

May be its true but sl is important when our balance is little because if there is uptrend and downtrend then sometime after rising and falling sometime its reverse back and for this to keep profit (if not long) then we need sl and tp but if have huge balance then its others words.

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work with tight stops if you feel the market is too volatile, and when the deposit is low, deal in tight spread pairs and which are not very volatile like eurgbp, which moves slow but gives good returns on the moves,. usdjpy is a slow pair, but sure profits if you trade sensibly in the right directlion.

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Originally Posted by Mr. Tukul

stop loss remains important every time we start to trade ... although sometimes stop loss can be frustrating too, when the price touches the stop loss and then back again to the original price ...

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yeah stop loss is very important to minimise loses but if not calculated well it will be quite frustrating. so calculating it rightly and adding/removing some extra pips will certainly make the calculation effective

yes i also agree totally with this topic that we should always trade in the direction of the trend and we will be in profit but this is not always coz in times of volatile condition's it is not so easy to depend and predict the trend so got to be carefull with this friend then.

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Originally Posted by mayengbam

yeah stop loss is very important to minimise loses but if not calculated well it will be quite frustrating. so calculating it rightly and adding/removing some extra pips will certainly make the calculation effective

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yes.And mostly in Trends we should use SL.Other wise the balance will be blown up.So if we enter wrong trend,SL will save us and prevent MC.
so in trend trading,its better to use SL.

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Originally Posted by ganguly

yes bhai... you are wright, we means traders loose because we repeats our mistakes but we must change our idea or our thought as the trend changes.
I accept your suggestion and i thank u

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Its always profitable to close our position when we see that trend has been changed. Agr hum apni position ko close nhi krty tu jo hum ny pips earn kiye hen wo b jaty rahen gy. Ye boht zarori hy k hm trend k sath chlen.

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Originally Posted by malik

Why traders loose in forex? do you know? Traders loose When they repeat the mistakes. Every one says "trend is friend" and just enjoy the profits after riding the trend. But More than 90 % traders are loosing, why? They can enjoy after riding the friend "Mr Trend".

In fact traders make mistakes while riding on "Mr trend" and do not care for the mood of Mr Trend before riding on it. Most of the traders who loos sell the "dips" of up trend just thinking it a trend reversal and burn their fingers. The same mistake is repeated by the traders when they buy rally,s of down trend.

I will suggest you to Follow the rule of riding the trend and never sell when trend is upward, even you see a big downward correction. Just wait for the price to turn back and place buy order and avoid to sell on corrections. same for the downward trend. Buy the dips of up trend and sell the rally,s of down trend.

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I also sometimes think so, if the price of making a low price or high price of new
without thinking, I immediately entered the market, and hope there is price reversal
but it turns out, the price continues to create new high and low prices, as now happens on the usd / chf and NZD / USD

This is not due to their own mistakes but because of the inherent nature of the market and the challenges that it throws at them. Even the most experienced traders find it difficult to understand the market trends many times and thus this situation arises.