Do You Always have Plan B?

[hsngs14]

i do not like to use this kind of plan mostly i have a lot of plane but every plane on diffrent account and if some account loss the other gain the profit i am using multi strategies .

[zeghbadrahem]

yes i think that when you want to make money you should always put the plan B for me i open the hedge order when i see that the market dont clear and they will go against me

[forexman]

i dont have any plan b and really dont understand much about hedging so i will try to close my trades in case of loss and then will again enter into trade and try to recover my losses but i dont use hedging in my trading as i did not find it useful

[ermaniso2011]

some of the traders always throwing some feeds before the fish will come and hoping that the fish will eat the feeds but the fish is very smart it mostly dont eat.this is what is happening for the addicted forex trader some of the trader want to see an open position to feel better and even it is not right time then they will open already and wait if wher it will go .then it is the time plans A-Z will come out.mostly that plans are out of control.at the end boom.this is happening to most of the traders like me just wait for the right signal and open a reasonable trade.dont try to get rich or double your account with one or two trades.if there is clear signals enter of no signals just patiently wait for any of the pair gives you a signal.so that you will not need so many plans to recover your looses .good luck

[twinkling star]

I think k jab ap ko lagay k ap sahi say expert ho gayay hain in trading jab hi ap hedging kerna ka sochain . as is k liyay sahi sa knowlege jaroori hai. ap ko market k ups and downs ka sahi say pata ha tab hi hedging ka sochay. as kisi bhi time market apni position change ker sakti hai so ap ko bhi phir forun sa position close kerni perti ha. and ap ko new position open kerni perti ha.

[lax]

You have to monitor your trade while you do hedging as if you close one trade which is loosing trade and thereafter markets reverse both the trades can be lost resulting in double loss.

[shinde]

My plan B is to wait for the markets and then trade only when the trend is clear and we are able to see the signals. This is so because we cannot risk of loosing all the capital that we have with us at anytime.

The best thing to do is that we make sure that our backup plan is executed when we make some loss from the Forex markets and thus become ready for the future.

[shinde]

Looks like you are a millionaire already you wait for your price to come back, till when ? and if you got margin call you make new account ? why. My dear always use stop loss, it will save the rest of your account balance and risk only some percentage of you account. Remember getting margin call will blow you account and you will lose everything but by setting a stop loss will give you a chance to return back with the remaining account balance.

[shinde]

ji aap nay bilkul sahi kaha, forex trading may plan B ka hona bht zarori hay, baaz traders aesa bhi kertay hain kay agr on ko kisi aik khaas pair may loss ka samna ho to wo foran os pair kay against koi or pair jis ki movement pehlay walay kay opposite ho, os per bhi aik position open ker laytay hain, iss tarah ye onka plan B sabit hota hay.

[shinde]

Yes this can be a great Plan B "money backup". Like its always said don't invest all you have in forex, keep something for backup and that backup I think can't be better than keeping some amount as backup.