Exit Strategy.

[moonlight6881]

Exit strategy is so important for every trader so you need to be wise while you are choosing it
many newbies fall in this as they open trades and then come so confused so whether to close the trade now or wait, whether to accept the gains he made tell now or had enough from loses to not more bigger ones
So Exit strategy will be effective for them

[Amitpaul]

i learn to make trading plan to get discipline and not having greed ..so when profit hit about 30 pips,,i will close it ..becuse usually after reach that pips,price is moving against my position..so before too late

[junaidi99]

exit strategy limits us to obtain a reasonable profit. I myself have a system when to go into the market and this is accurate, but I have trouble deciding when to get out. stochastic indicator may be an alternative

[abbey ak]

thanks very much for your exit strategy i know most forex traders will find the exit strategy very interesting because most strategist never know the best time to exit the trade and this really make them lose there account all day so i think i will learn to practice this exit strategy and see how it goes in making my profit

[goldenmember]

Having an exit strategy is so important for trading. Occasionally I enter a trade with no idea where I am getting out for profit or loss and it is the stupidest trade ever. Every trade should have a target and a stop loss.

[mkape]

vi think traders loose because they just concentrate on the entry strategy and forget the exit strategy you can have the best entry strategy but if you donot have the best exit strategy how will you lock in the profits you have made . its really that important we know when to get out and it takes practice

Thats very true,we focus on getting a good entry point but forget about exit point,when our positions are in profit we think that the profit will get bigger indefinitely,the market can reverse anytime and we need to have a target that if reached we get satisfied and get out of the market,most traders watch their profitable position turn into loss and they do nothing about it

[abbey ak]

well as for me i think the very first thing all forex traders need to learn is the point of exit because with your point of exit you can analysis and trade with your mind been at rest so i think the best place to analysis the exit point is by making use of the support and resistance as our major way of exit in the market

[asiexpert]

thanks a lot for sharing the importance of the exit strategy with a proper plan and guideline so that we can make our own exit strategy to follow in the forex trading.

[Amitpaul]

i am thinking totally different i learn to abide by make a trading plan to keep discipline and i dont have any greed ,when profit is 20 or 40 pips ...than i take decission i close it or i open it.at the pips and after the reach price is moving against my sight

[junaidi99]

traders spend a lot of time in finding the right entry position into account the perfect combination of several indicators that they use, while the determination of exit their position is not determined only over a factor estimates. But it factor "estimates" that distinguishes between a trader who consistently profit with inconsistency.