Do You Always have Plan B?

[pindah]

When trading in the foreign exchange market, trade for the present, not for the future. The market in its current state may not be the same as the market in the future, so concentrate on currency pairs at the current moment. Also, don't add to positions that are in the red.

[rance123]

i think forex is good money making business to always have to plan to good success.Yes I do have a plan B which means a different strategy in case a trade goes wrong or there are uncertain market conditions or during times when trend is not clear.So a trader should have another plan in mind in case of an emergency.For example one can use Hedging in case of a bad trade or uncertain market conditions.the forex is good plan.best of luck...............

[PATA123]

welcome to forex.ji haan i beleive in plan B. in forex you must have all sorts plan and you should do whatever you can so many situatiosn wil lcome so you must have plan A , b or plan C even. but I think good traders will always have many options so just give your self options and make it simple.best of luck.............................................. .......

[pyardilforex]

I beginer has plan b c d. and so on, what do position I do be not unidirectional with trend therefore I will do position open with lot amount 2x, then 3x then 4x and so on, until I the latest get unidirectional price with trend

[holy]

If i may say , hedging is positioning your trade to take opposite direction to your other position, but i know hedging to be better if you use it to scoop s reversal trend and you can do it better if you are a position trader and use large charts like weekly and monthly. if you hedge with small money in your account you may not come out of it.

[altafa50]

In currency trading managing there is only way to buy and offer is to take advantages and the technique B is to decrease when you experience there is no wish for advantages then you may try Strategy B but i want to keep on until you got advantages from promotion during the currency trading managing.

[saymasweety]

To remain always plam b can be one very strategic blueprint with stop loss and also hedging condition with these you at least avoid chances on making a heavy loss, i and handle stop loss now whenever and also i m pretty happy and also one bit relaxed cause on this while trading.

[anjonlahere]

Yes, I think that there are all kinds of plans and plan b. Forex, what to do, is like many situations you will need to plan A, b or C-plan. However, I think, good traders always has plenty of opportunities to set preferences and more easily.

[fxmama00]

welcome to forex. dekho shahzad hedging k use kerne ka be aik ay hota ha kuin her koi forex ko hedging nehe ker sekta ap ka sharp mind hona must mangta ha hedging, o r hain reverse trade ho rehe ho ti to monitors per on rahna lazmi hota ha or jeb profit a ni wali to position close ker lni chahy e greedy nehe bena chaha.................thanks...................... ..........

[caesa]

not always. i have plan B but sometimes i use it, sometimes i dont use it, depend on the situation in the market. i will use plan B if i ready about the risk and i will not use plan B if the situation is really bad