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Of course I always have a technique B which indicates a different technique in situation a business goes incorrect or there are unclear industry circumstances or during periods when pattern is not obvious.So a investor should have another technique in thoughts in situation of an urgent.For example one can use Securing in situation of a bad business or unclear industry conditions
I only have one plan, if I'm wrong analysis, it will be subject to stop loss.Any trader in the market that have been trading in the market for a long period of time will acknowledge, that trading in the forex market calls for a clear of the market.
If you are a beginner, 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.
count the need to trade Forex is what we will get and the risk that we will receive, we must have a lot of strategy and a way if one fails there is another cadanga and use stop loss to minimize your riskQuote:
Originally Posted by real pips
no, because the plan B many times just makes my losses bigger and i dont like it. i think use TP and SL is the best choice for me, and it will help me to manage my risk in my trading and makes me better in trade
plan B you said,my own plan B is to go back to the drawing board after lose and see where i have got it wrong,thus fine tune my trading strategy so that such mistakes will not repeat itself again.As for hedging trade,am not all that good in hedging so i can't do that.However if you are good in it i wish you good luck.
nehi bhai mera koi plan b nehi hey, mera ek hi plan hey or us per hi mein kaam kerta hun or usi sey hi kema reha hun, plan ko change ker denay sey faida nehi belkay nuqsaan hi hota he, is liye hum ko apna plan nehi change kerna chahiye
Well generally plan B is considered as hedging. As it cuts the losses and keeps our account safe from getting margin call. But plan B may also be another trade on any other pair which covers you losses and also gives you a little profit.
Plan B is not just Hedging, it could be anything.. you can Open more Trade to Minimize the first fail Position or that Plan B could be just Stop Trading after certain % of Capital. the Problem is that not all Traders are really Trade with Trading Plan, mostly they just do Trade without any anticipation..Quote:
Originally Posted by hina fatima
yes bhi main b plane b py yakeen karta hon aur main b kai bar plane b ko use kar chuka hun mjy hemasgha profit b mila hy lakin her bar ap ko plan b he use nai kana parta koi waqt aysa ata hy jis main plan b ki zarorat hote hyQuote:
Originally Posted by bestlooser