yes,this is true.It depend on many ways.
To take profit.At first you need analysis,study about forex,and you need sometimes positive news.
I think
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yes,this is true.It depend on many ways.
To take profit.At first you need analysis,study about forex,and you need sometimes positive news.
I think
Yes I believe it can generate profit in forex trading because it proves itself, it was not easy to generate profit, but after trying some new strategies to generate profit now, although the number is still small
It really depends on how to look to your analysis. Most traders wish to get more profits out of their trades so they set their take profit based on where they hope that price will get to. Along the line, they may do analysis and see that price may not get to their projection before reversing and then it will b better to liquidate the trade rather than allow it reverse and give you a loss.Quote:
Originally Posted by ruli
indeed sir, I agree with you that when we want to achieve success in forex business then it takes is persistence and patience in learning the forex business, indeed if we just started using a real account we are more at risk of losing our money, but after that we can learn from those mistakes so we do not repeat the same mistakes.Quote:
Originally Posted by hemaelsisy
yes l am also one of them.l have lost so many trades because l have opened positions very early.actually we have to wait for the right time to enter the trade.like asian session is the less volatile session that is why most of the pairs will just stay in a short range so there is no point to open a eurusd position during asian session since we will have to wait for hours to see the result.
This is the most important topic.Forex trading profit and loss it is the common subject.But maximum trader and beginner think forex is the money making business.so they are always think profit.
Actually they have no experience,no analysis,lack of knowledge.So every trader should learn about forex to continue business.
To take profit I use the nearest pivots line to determine my exit target... I leave some pips to those levels so that my trade dont reverse back from those levels.. I dont like to use any random numbers.. Because I want some sort of confirmation that my target will be safe..
take profit is used by most of the great traders.by using this a trade is autometically stop after taking profit which is set up.
Profit-taking in order to get it to be an open position from the very good price in order to reach the goal with ease and without any major repercussions may affect it is possible to close the deal because the most important thing is to know the entry of the area is very strong ..
taking profit not easy and not difficult but it come with good technical analysis and to trade with news to sure from your earning 100 percent but if you not make the two you will trade with luck and luck make you under stress and lose in the end