Using Trailing Stops to Protect Profits.

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Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

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the better thing than the stoploss is the money management if u traded only 3% from ur acc without stopploss u will not loss even if the order went to -1000 pips u are save.

So, in the final analysis, it is a little like walking a tightrope between extreme unrealistic optimism and extreme debilitating pessimism. Finding the right balance is the key to trading consistently and profitably.People sometimes experiment with the idea to trade with other people. It might work, but for me, it did not. I trade alone. The advantages of trading alone are:

Once I have a trading plan, I follow it. I do not doubt or second-guess my plan. I meditate on my plan and picture myself carrying it out successfully, before I ever enter a trade. I really believe in mental imaging as being an important activity.

Quote:

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Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

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trailing stop is good if we know the best distance, because if we make short distance, the trade will stop when the price make a little retrace. usually i dont use trailing stop, if im sure about the trend then i will use averaging but if i dont then i wil use hedging to lock my position until im sure where the price will move.

Quote:

---

Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

---

if we set stop loss then it value will fixed there is no change while market will move in any direction. but if we talk about trailing stop then the stop loss value change in auto if the price move in your trader direction.

Quote:

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Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

---

Wise traders who know how to protect their profit when they trade. Trailling stop is a good tool for their choice to do this. Trailling stop help traders avoid greed in forex, too. It make them work more discipline.

Yes i am using trialling stop i think it is protect our profit.Some time loss money for this but some time i also get profit.I think trailing stop is good option in the Forex market.if you can use it properly then you can make good profit from here.Every new trader should use this option for protect their capital.We do not know the next time what will happen so we should use trailing stop for avoiding big loss.

trailing stop is a very good option for forex trading . trailing stop remove our risk and secure our equity . it is also help to control our greedy mind . but trailing stop is little bit different than stop loss option .

yes off course that is right forex traders can earn money form trading easily if they are learn trading and they stop the loss if they use the stop loss and use the trialling loss

only that time we use stop loss and take profit when we face the lacking's of time. then we choose take profit and stop loss.