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plan b is a must and thats why you have to understand the whole issue of trading and you have to know where you start and where you end, its worse when you cannot be able to make anything. just understand the basuc issues. and trading becomes very much easier.
I never always follow a single plan, which plan I use it tell me market condition, I always try to go the market way, market move up I go to up and go to down I go to down. I think a trader always flexible in his plan to cope with any situation in forex trading.
i am trading in order to make profit, not to reduce risks. so i do not prefer to use hedging. rather than i will exit the trade. thank you.
plan b is not really a must for all traders, but for me it's something important to secure capital in order not to lost it all because a little mistake, and to plan b I feel everything can be measured, both gains and losses may be obtained may be limited at some pointQuote:
Originally Posted by youssef
i again say that i hate hedging. i do trade with all my efforts in order to make profit, not for loosing and than reducing loss. thank you.
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no, i never use plqan b. i am trying to make profits , not to loosing. i think every traders should look at increasing profits, not in hedging. i never prefer hedging, thank you.
well plan b means how i am going to stay in the market if my calculations and analysis is wrong. well, using a stop loss is a plan b right there. if u r wrong, maximum u can lose is a percentage of your account, not the whole of it..
Actually i dont have plan b..because i dont think too much strategies..
I just used one strategy,and i put my stop loss in it..If i do wrong,then it will have the stop loss..hehe
yeah planning will really make your trading easier and without planning it will be tough and for me trading is all about mind and it is a mind game and we have to make plans all the time and good plan can really give us some money so why not just focus on planning and get the results.Quote:
Originally Posted by youssef
My strategy B is to delay for the marketplaces and then business only when the pattern is obvious and we are able to see the alerts. This is so because we cannot chance of losing all the investment that we have with us at at any time.
we do not have to directly make your own trading plan. Since we do not know what forex trading, but if we already know, should we have to make our own trading plan, which according to our convenience when trading.Quote:
Originally Posted by bestlooser