Do You Always have Plan B?

[abuls.hasan3]

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 job.

[rylia]

not always, sometimes i just cut loss and do nothing after that, but close my mt4 and take a rest. especially if the losses is more than my risk for every trade, then i will not use any plan B

[komola]

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. 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.

[harimaumalaya]

my plan B is something like stop loss. it cannot stop loss but can help help reduce the loss. when my trading goes against my capital i use plan B for making my loss in a minimum level.

[dhaka00]

I thank forex js a good job.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.Good luck................................

[liso]

i always have a strategy of my own to take care of my trading plans and i really love the fact that my life is becoming better even as i continue to trade.

[muksin]

i think all of uss need B plan The best thing to adapt to There are always reversals in forex pairs so it is good to find good retracements and reversals and exit those losing trades from there. when your trades are failing is finding a good exit strategy.

[ilut]

arrange b often is quite a extremely strategised program along with the aid of cease harm in addition as hedging coz basic youll be able to firmly atleast keep from the likelihood of setting up an enormous harm, i additionally use sl at once anytime in addition as i mirielle fairly content and likewise slightly relaxed coz than it though exchanging.

[anisahmed936]

I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So as an entrepreneur, you maximize Plan A to the fullest extent that you can, but from a standpoint of prudence, you always have a Plan B.

[rebate lover]

i feel within the whole foreign exchange market as well as a set up b, identical to each time things don't go once you and generally you posses different set up regarding the higher, the full set up regarding the opening as to the centers your set up works along with what doesn't before you decide to have done, therefore you might want to use an different set up out to utilize it.