I know that the business plan you need very good business. But I haven't any plans even though I am beginner. But I'll do this as soon as possible. so, pray for me to successful in forex trading. Best of luck..
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I know that the business plan you need very good business. But I haven't any plans even though I am beginner. But I'll do this as soon as possible. so, pray for me to successful in forex trading. Best of luck..
In forex trading, i always make another plan to avoid i lose my target. for example, i often have a reversal in trading when i get loss when price breaking my stop loss. this time i will take trades with opposite way.
I think at first everybody must have plan B. at First you should fully make on your plan . So you should be very confident and brave enough to bear the loss and never give up. Try your best to make your first plan a successful one
in forex you must have all sorts plan and you should do whatever you can so many situations will come so you must have plan A, b or plan c even
'yes I have always a plan B which saves me from great losses and some times from some critical problem, So I prefer to have a Plan B always with my strategy, this may helps you to get out from problems
A good trader always has a backup plan or a plan B that could be used if plan A fails. I also use hedging techniques as a plan B, this technique can keep me hit by a margin call. But the most difficult if done in practice is when we open the key. We have to find the right moment to come out of hedging position.
arrangement b can be a rattling strategised program with the cater of forestall loss and hedging coz with these you can atleast refrain chances of making a immense exit, i also use sl now everytime and i m pretty satisfied and also a bit easy coz of it time trading.
setting strict premises we can minimize losses and maximize profits, when we could do with discipline rules that we can succeed in the futureQuote:
Originally Posted by selinabegum
yes i think having Plan B is one of the very best way we can understand the forex market because with Plan B we can change our strategies and decided the best direction to move in the market and the more you make more plans the more you can win the numbers of pips in the market provided you can understand your plain
Calculating pivot points There are several ways to arrive to the Pivot point. The method we found to have the most accurate results is calculated by taking the average of the high, low and close of a previous period (or session).