Do You Always have Plan B?

[mojan]

i do always have a plan b regarless the situation in the forex market that is what i ccan say mostly about the forex market always have three plans in case two fail you have the other.

[asu_momod_india_jamput]

my opinion plan b can be strategised actual plan with the advice of the accident and stopped coz ambiguity with atleast you can stay away from the affairs of authoritative losses, i ALSO use sl now each time and im pissed of interesting and somewhat airy ALSO therefore while trading.

[jowofx]

have a plan B as the safety of the plan A is very important because if once calculated all possible benefit from trading with Plan A turns the market moves in the other direction. to anticipate this then executed plan B.

Even in my trading often have a plan A, B, which is also reinforced with a plan C and D, all that is possible and it is all part of the trading strategy.

[mahmoud2000]

yes plan b is very important to put in mind in this market becouse the loss is very near to your account it's nearer than the profit , so you should have a plan b , plan b has many tybes one of them the stand by account , this account you make it as stand by you can to transfare it in anytime to help your account

[vetra]

yes, of course ... I always have a plan B in the trade ... because in forex no one knows where prices will move and will stop where ... if we know about this principle, then plan B is a must if we are going to enter the market ... used plan B if plan A fails ... This method can reduce the chances of loss and may increase the chance of getting profit ... all professional traders would always prepare a plan B in the trade ...

[ojodibannedyo]

Yes of course I have a plan B, which means a different strategy in the case of trades completed or no uncertain market conditions or during a time when the trend was not finished. So traders should have another plan in mind in case of emergency. For example one can use hedging or averaging in the case of a bad trade or uncertain market conditions. I think it should be in forex you need to have a plan B as a time every things will not go according to you and some times you have to have a plan B. So you better have all the planning done before you open a position that does not match what you expect

[oreoluwa]

well based on my understanding i think a good and profitable forex trader just have to learn more than one plain because the more your plan is not given you your result then you can make use of the other plan

[lahtgh]

yes i ahve a plan B for my trading style and it is about the money management and the strategy at the smae time when i got loss change to the plan B and use the B plan management however the plan B is also efected to lose.

[elina]

welcome to forex. plan b can be a very strategised plan with the help of stop loss and hedging coz with these you can atleast avoid chances of making a huge loss, i also use sl now everytime and i m pretty satisfied and also a bit relaxed coz of it while trading.nice job............................

[eletrebi]

Must When things are going in the opposite direction of the trend to be ready for this predicament by providing an alternative plan or close a deal if you are not sure of price rebound again