Do You Always have Plan B?

[gorib]

I beleive in think B. in forex you must individual all sorts contrive and you should do whatsoever you can so some situatiosn wil lcome so you staleness somebody plan A , b or counseling C regularise. but I guess angelic traders present ever somebody some options so upright cogitate your consciousness options and variety it pointed

[waqtitrader]

I am a new trader and according to the sites that I've read hedging is not a good idea for beginners because you as you might not be able to handle your hedge trades properly and facing loss more than profit, that's what I understand from it. Well, good for you that you always have a plan B, and I think every trader have plan B or maybe C and D.

nahi yar main jab newbie tha na to main bhi hedging strategy use karta tha par es k liye kafi mehnat kari parrti ha kioun k ye slowly slowly app ka account balnce kam karti jati ha wese jo ha na forex trading main plan b lazmi hona chiye ager plan a fail ho to plan b kam kar jata ha phr

[nadya]

no, i'm not always have B plan, sometime i have plan B, but not always, because i use a few strategy and not all strategy can have plan B, if the strategy give me plan B, like martingale and hedging, then i will use the plan

[Luigi]

I am a new trader and according to the sites that I've read hedging is not a good idea for beginners because you as you might not be able to handle your hedge trades properly and facing loss more than profit, that's what I understand from it. Well, good for you that you always have a plan B, and I think every trader have plan B or maybe C and D.

[lyric2you]

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, I've come up with this question that Do you guys (traders) have a plan b ?
I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

Usually when the OP was not in accordance with the direction
of movement then I will think of plan B.
Plan B is I have to put up opposing positions but keep the
previous position.

[lishader]

I think each of us should have more than one plan so if plan A fails then we can apply and use plan B but that does not mean that we always fail

[akshay1728]

having plan B is very essential as forex is the rsiky business and you cant say any thing , at one time there is loss and at another there is profit . Trading with the single plan will not work you must have backup for it

[amity]

There should be always a place for a plan B in trading Forex. We can't always expect that the market will only go by one trading plan, we should at least have immediate response if our first plan won't work in our position.

[gandha]

Having a Plan B in our trading is a good choice because when your trades are floating in negative positions you don't panic anymore because you have Plan B to turn to when your trades turn to critical level. Always be ready when you trade...be ready for the worst.

its, right,plan B in mean when facing things like that, if we already have a preparation (plan B) it is easier to take control of our psychology and it really helps to resolve floating

[foz65]

yes traders should always have a plan B for the save side that can help them in overcoming the losses that they may face in plan A. i myself use hedging whenever the forex market moves against my trade. this strategy or i can say plan B of mine helps me in minimizing my loss.