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I always have a plan B, because forex is a very risky business, we need to set some plans to jump in the money market. to profit in the forex was not as easy as we imagine, all must be taken into account appropriately and accurately. if something goes wrong we have to have a plan B for reducing risk.
yes its terribly true to possess a reliable arrange, forever when arrange a forever die its higher you will know learn how to trade and produce positive that you may will trade even you ae trading in the best of one's ability. perceive everything in trading guaranteeing that you may will perceive something is a reliable arrange.
Well i am that kind of person whcih ususally do not have plan b but in the back of my mind i have always thinking that what i will do when something will go wrong so i hope ewe do not have to use plan b and get success in first attempt.
Dear Shahzad,
We should always have must plan B to overcome over losses and to recover the profit from our trading, but I think hedging is not a good factor for Forex trading.We should always make our trades with own watching on market situation all the time.
I think in fiorex you must have plan B as every time things will not go according to you and some times you need to have plan B.and we must be disciplined in the running
yeah i always have plan b as in this forex no one predict market exaclty and some time you get loss so always make plan b and always prepared for bad and ready for good so i make preapration in each and every trade that i use buy and sell on same time and keep on waiting for profit thats why i use to make plan b
i have not yet make a plan B but i think is is good to have a plan other then that which you applied while trading. if you get loss while trading then absolutely you require another plan so that you can make your self free from loss in that case second plan is required.
Yes i always make a second plan before executing a strategy. I think a good trader must have to work with having a second plan because if your one plan fails then you have to turn yourself towards the B plan.
what you have mention is really risky for me and i always wait to get the trend then it is more easy to make profit though we needed good money management and good amount capital to survive long time in market.
Dear it's easy to earn profit through money management but sometimes market didn't come again and you face big lose due to wrong decision you have taken while making the trade.Quote:
Originally Posted by nayn