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If you are a mastermind, hedging is not the rightmost strategy for you as you might not be healthy to touch your enclose trades decently and coating expiration writer than get. It is a real surrender strategy for those who love sainted receive of industry terms mechanism.
gambling is possible in forex. But gambling is not advisable in forex. By gambling i guess you mean taking decisions in forex market by just taking guesses and not making any analysis.
Yes, I screw also a organisation B. if my gaping perspective is showing signs of a losing craft I directly afford an opposition orientation to sideboard my loses. Actually you strength telephony it evasion. but it is the exclusive way I copulate how to protect my invoice. But sometimes it is also a bit unsafe because the activity book specific sometimes..and you never undergo it goes rearward to your innovative orientation. And you are sinistral with other losing trades
if we do this only with menaebak prices, profits just by the luck, if luck factor usually can not take it consistently, but if we do Treding based on the analysis of the advantages that we can get consistent and can not be interpreted gamblingQuote:
Originally Posted by Discordance
you must always have a plan B to help you know and understand trading these market and make some good of trading in the same. using the same plan may prove to be detrimental and can ruin you when you dont have a clue. you can make some good trading servieses together that will help you do a lot of good trading in the same.
Well of course . It is very necessary to have Plan B in Forex. I always have a Plan B. Everyone should have a Plan B . In case Plan A fails , you can use your Plan B in order to save yourself from a Huge Loss . But it can only be possible if you have a Plan B . Every successful trader always have a Plan B in his mind.
Forex Options Are Becoming A feasible Means of International MarketingQuote:
Originally Posted by Ganesh
plan b will remain a so strategised plan with the help of keep loss and also hedging coz together you can at least miss out on chances of learning a huge reduction, i also handle sl right now every time and also i m pretty satisfied and also also one bit deep coz of this and trading.
well, I myself have never had a plan B. in the trade, I always discipline with trading plan that I have created. if this plan fails, I will stop trading and re-fix my plan. I think the plan B could have made us become emotional in trading. and we also can not focus with our trading plan.
In my trading plan i always make an alternative plan for my working. it is necessary because it will help me to get target or lower loss when i trade in this market. for example, i always make another trades in opposite trend when stop loss is broken.