Do You Always have Plan B?

[bablu7832]

Yes I think its important that we must always have plan B.As forex is very risky Plan B means risk management strategy.I use both take profit and stop loss as plan B as anything goes wrong with my analysis then plan B saves me from loss.

[ishvara]

It is quite a good idea to have a plan B in our forex exchange trading, this second plan helps a forex trader to actually have the ability to control themselves and their losing trades when they are having losses in forex trading business.

[absforever]

Plan B is necessary in all our life. A good trader must have more B plans. For example, when we earn money we must get few of them in another account because if we lose one day we will find money to begin again. We can also trade with two different currencies : eur/usd ; GBP/JPY for maximize the profit

[gogo]

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.

dear brother i don't know about hedging becouse i am newbie in forex trading market and i have no idea about forex professional strategies

[stayfilitim]

yes it is right there must be a plan B if there is no plan B we will lose all capital not only one plan B there is many plan as theer is in forex market many expectations you have to make rules for your money management to restrict your profit.

[retnotriwulandari]

Do You Always have Plan B?
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.

Every business you must have a backup plan or often called Plan B. It really helps you when you fail to plan early, you still have a backup. And you will quickly make a decision that you prepared earlier. I think this is important.

[fatema02]

Yes, I have a plan B, which means that a different strategy if the trade goes wrong, or is uncertain market or at a time when the trend is clear.So trader ought to not have another plan in mind in case emergency.For example, hedging can be used in case of bad trade or uncertain market.

[challenger ab]

im always have plane B because we cannot trust of the stability of the market and the reversal so we must have two planning if one fail to profit we must use the second to recover or to reduce the loss .we must focus on the quality of trading not the number of earning

[senenawangz]

in my side I did not have any another trading plan, I made everything which I need to do on my trading account, and beside of that I only spare some back up account to make my trading account become profitable

[kash]

me apki strategy se bilklul bhi sehmat nahi hon kyunki mujhe lagta hai ki hedging har trader ke bas ki bat nahi hai
aur rahi position ulta jane ki, to aise cases me aapko stop loss laga ke rakhan chahiye jisse ki position ulti jane ke bad close ho jaye aur uske baad ap fir se trading pe dhyan de sae na ki hedge karke apni dono position ko fasa ke market me uljhe rahe

gi haan kio k witout plan ap koi bhi business nahi kr sakty or pher ya to ak asa business hy jis main ap her time market ko analyse krna perta hy to us k lea ap ky pass ak behter plan hona zrori hy main jb bhi trade start krta ho to pehly trade k lea ak pla n built krta ho