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These levels will tell us the strength of the market at any given moment. If the market is trading above the PP, then the market is considered in a possible uptrend. If the market is trading above HOPS1 or HOPS2, then the market is in an uptrend, and we only take long positions. If the market is trading below the PP then the market is considered in a possible downtrend. If the market is trading below LOPS1 or LOPS2, then the market is in a downtrend, and we should only consider short trades.
if loss, wants to go back and smaller and desire for profit. If it is profit, not even in the close but wanted to get bigger again and again. Indeed, many traders are always psychologically dissatisfied continue. Therefore you should use Stop Loss and Take Profit for restricting it.
You Always have Plan for online earnings, It is a very yielding strategy for those who have good experience of market price action for forex trading business on this online earnings.
f my open position is showing signs of a losing trade I immediately open an opposite position to counter my loses. Actually you might call it hedging. but it is the only way I know how to protect my account. But sometimes it is also a bit risky because the market acts peculiar sometimes.
Most of the time, it will go even further. You have to remember, this is almost like a counter trend move, so it definitely has momentum on it side.:doubt:
i think a hedging is not the right strategy for you as you might not be able to handle your hedge trades properly and facing loss more than profit. It is a very yielding strategy for those who have good experience of market price action.thx
Why You Need A Robust Forex Trading PlanI am sure you want to trade forex and make money right? I hope so.
Why You Need A Robust Forex Trading PlanI am sure you want to trade forex and make money right? I hope so
For em I am assuming that it is e'er great and helpfuly to hold an alternatives counsel righteous in the somebody our front plans failed to works.And more traders do not yet pain most organizations B seeing that making intend A is often very provocatives and the laborious !!
my plan B is here in this forum, I am trading and keeping posting here to get some money every month, so I can start again if I had margin call in the previous month, I think it's a good plan B for me :)