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we can get out of the strategy that we use, if the strategy was not able to make consistent profits, we would be better to try a new strategy, but it must be tested on a demo account before using in a real account, tested many strategies are a good way to practice
:yahoo:The best method that we can use for our exit strategy is the support and resistance levels we would always learn to place our stop loss just below our support level 1 if the market holds support one and is moving upwards towards the pivot.:yahoo:
Pertaining to beginner similar to, we figure out how to help to make investing plan to get discipline & not having greed, so when revenue hit with regards to 20 pips, i am going to near this. Cause normally after attain that will pips, price tag is usually relocating next to my personal position, therefore previous to way too delayed, we near mine.
The best exit strategy that I use is the stop loss level the reason is because I am more comfortable setting my stop loss in other for me to avoid any form of loss or margin call. I don't choose to use hedging because I don't understand it and it has caused me so much loss.
1. Three bars after entry move your SL to B.E (break even)
2. When another bar has formed, count from the new bar 3 bars a back (lets call it bar X).
3. Place your SL at the low of (bar X) for buying positions or at the high of the (bar X) for shorts
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I still believe that this is not the same thing with people, this guy only said the motive of him about the strategy, and not may be working for others told. So far you can place the exits at the good points on the chart, the you have it all at that.
I think this is also due to the different character of each merchant, and it also affects the strategies we use, when we use different strategies with others, it does not mean we have to break the rules, because we also have our own rules in the strategy.Quote:
Originally Posted by cozard007
Generally each one put work to uncover good basic, get out of with forex currency trading also offers important significance, though determining to be able to open up a business we ought to additionally analyze appropriate quit decline and also focus on in fact it is good to line these types of with your business in order that business near about achieving focus on or perhaps smacking quit decline.
There is no good way that you can say all the trading has gone there is one thing that you have to kno be sure you either you will have to know the trading has gone to the positive side you have to know if the trading will clse