Do You Always have Plan B?

It would be a best idea to have Plan B.Basically,you should concentrate on your strategy in which you are best.Some experts exist who are having some back ups and having plan B is a good idea.But i think,this market is so quick then how would you find the perfect time to place your plan B or you have to be prepared initially about your plan B.Like you can trade with two different currency pairs or you can trade with two different strategies at the same time but the only problem is of time management. Yes, like many other Forex traders, I also make more than one plans in the case of my trading on Forex and I think that is is necessary too, to have more than one plans regarding your trade.

It is important because if one of your plan fails and you think and see that it is now difficult to stick with your original plan, you should have some other plan also to which you can switch in order to prevent your trading from any loss. You must have a plan B and if you don't have you are at a very high risk. Risk is very high in forex as compared to other business and you should fully prepare to avoid it and always plan before you start work. Plan B is very important to have because sometimes markets go against you and you don't get the think to think or make plan be prepared it so that when something happens you just apply your plan and stop your huge loss. :)

might be more appropriate if called improvisation, but whatever we do, it must not violate trade rules we have planned, that is, if it is still there is a failure in planning, we must try to find the cause, so that we can improve the planning in order to be better at the next opportunity.

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Originally Posted by shut up

My arrange B is utilizing stop loss. Utilizing stop loss on our purchase could keep our account a lot of safe from bigger loss. In forex trading we ought to manage our risk utilizing stop loss and money management guidelines

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yes forex is a money maker it is true for every one. Forex is the world wide business. So there are many advantage to develop your life. Forex is the popular business that give us many advantage to bear my life.

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Originally Posted by gosians

Hedging ak achi strategy hy but ic ko apply krny sy phly market ki situation ko dykhna prta hy, agr tu apko clear idea ho jaye k trend ab change ho raha hy tu apko chahye apni open position ko close kr k trend ki direction mn new position ko open kren but agr aisa nhi hy tu hedging apply krny main koi problem nhi hy, you can get some extra pips by doing this.

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bhaiya ji apne theek farmaya hain hedging karna koi bekar nahi hota hain yehi bhi ek acha strategy hain aur iska use bahut se trader karte bhi hain lekin hedging mein agar ap fas gaye to apko kafi bada loss bhi hoga bhaiya ji

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Originally Posted by marege

might be more appropriate if called improvisation, but whatever we do, it must not violate trade rules we have planned, that is, if it is still there is a failure in planning, we must try to find the cause, so that we can improve the planning in order to be better at the next opportunity.

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always try to go the market way, market move up I go to up and go to down I go to down and was in use to secure my position who are experiencing losses due to plan a does not go according to rules

There are times when we experienced a streak of losses and saw a big draw down in our account balances. At this moment, we are only thinking how to recover back those loses within a short period. The only way to recover the loses is to trade with nigher leverage and big lot sizes. So we start to do force trading or revenge trading as our effort to recover the losses even though we know the market conditions and movements do not suit to our trading style. More often we end up losing more money. So i would suggest whenever we have a series of loses, we should take a break and try to find out the reasons for such mistakes and come back later with a better mind. By doing that we can safe our account balances and try to make consistent profit to recover back our loses.

If you are a beginner, hedging is not the proper strategy for you as you power not be able to handle your fudge trades decently and coat loss more than make. It is a really surrender strategy for those who have good experience of market price action .

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Originally Posted by fxghost

bhaiya ji apne theek farmaya hain hedging karna koi bekar nahi hota hain yehi bhi ek acha strategy hain aur iska use bahut se trader karte bhi hain lekin hedging mein agar ap fas gaye to apko kafi bada loss bhi hoga bhaiya ji

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G bhai hedging karna bekar nh hota hay , lakin agar hum hedging strategy ko achi tarha nh jantay hay tu hum es strategy ma kabi bi achi trading nh kar saktay hay . hedging strategy ko big investors stop loss ki tarha use kartay hay .:)

i think a very good traders constantly have a arrange B when his arrange A fails then Arrange B applies to guard him from losses and obtain him a very good income as wells great income for him

we do have a arrange B and that i call it like the rescue arrange which is extremely essential as a result of you are doing not simply shut the bad trades rather you rescue them to ensure that you've the balance from the loss