Do You Always have Plan B?

[vikas]

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.

[nilesh]

I think that we should always be perfect on our decision. If this happens, then there is no worry about plan b. But, according to forex market, anything may happens in future. So, its better to have plan b in forex trading to avoid some sorrows.

[shinde]

yes, you are right,but nothing can be done after we open a trade in market.We can delete the order or modify TP SL values.Maybe we should think of some back up plan if our money is lost in forex.

[shinde]

well,i dont have any plan exactly like back up plan.Once the trade enters into loss,i again analyse the market and check out whether any possibility of reverse trend.
or else i will close the trade.

[alam]

meray kheyal sy yeh boaht he bari bewaqoofi hy ku k apko dekhna chaiye k aap apny balance ko manage kaisy karen gee balky agar ap stoop loss b belive nahi karty to apko bohat feature me apko bohat prblem ho sakti hy or yeh problem apki success me sab sy bari wajha hogi.please control it

[adahidayat]

while trading, if my strategy does not work well and i suffer some losses, then i will have an alternate for that...i will make two strategy everytime, one strategy will be a little risky but more profitable, and another plan B strategy, which will be less profitable, but a safe strategy...so i my first strategy does not work well...then i will switch to second plan and trade safely and will not take too much risk...i will just open one or two positions and do hedging...

[fxtenam]

while trading I often surprised to notice that my strategy doesn't works well. On the mean time I think my self that if I had another plan.
From that moment on I just have an alternative plan to reduce the risk.

[arihant]

yes i think every trader must have a backup plan in case if your first plan fails , because if you have a back up plan then it will help you to switch on to the next plan and to continue your trading

[gala]

han ye to lazmi cheez ha forex trading main kioun k ager app ka banaya howa plane ager fail ho raha ho to app plan b jo app ne es condition k liye banaya ho ga us ko apply karo es taran se app kafi achi trading rezuilt le saktey ho

[gala]

Using hedge is not just simple, it also requires a lot of practice and understanding or market. Your slightest of mistake can cause you to lose on both ends or if market move too much in one direction, then you will become more worried.