Do you have an alternative plan?

[voipkolkata]

I do not have any other plan in forex trading, I am trading with one plan and I use stop loss at my trading and I believe that if I can trade with the trend then I can make money and money making is so easy here that every body join here.

[PANKAJMEHRA]

yes every professional trader who knows the basic and fundamentals of forex to be profitable must have a alternative plan if things goes wrong or market does not move the way he thinks. they trade in the opposite direction after some level if the breakout fails. and even they make a change in the lot size to cut the loss size.

[sigma1980]

mujhe apni trade par loss hone par strategy aur plan change karna theek nahi lagta. kyunki kai dino ki practice ke baad mai strategy set kar pata hoon. me samajhta hoon ki kisi bhi trader ko apna plan aur strategy change nahi karna chahiye. kyunki loss to hoga hi par agar apko strategy sahi hai to maximum trade me Aap profit hi earn karte hai. isliye kisi bhi situation me strategy change na ho. agar market apni strategy ke favour me nahi hai to Aap kuch time ke liye trading band kar sakte hain. ye jyada better option hoga.

[neil92]

haan mere pass best plan ha bhai or woh ye ha bhai ke ma indian forex per postng kr ke bonus earn karo ga or us se profit earn karo ga yehi ak last or best way ha bhai jic se hm 2bra forex me stand kr skte hain bhai

ji haan sabhi ko ek alternative plan le kar chalna chahiye main bhi alternative plan rakhta hoon kyunki aap ka plan kabhi bhi fail ho sakta hai kyunki aap jo bhi strategy ya plan banatey hai woh market ko focus mein rakh kar banatey hai aur market kabhi bhi change ho skata hai.

[vite]

dear actually in forex I think alternative plans will always exist. and only used at the crucial moment alone. or when the existing system is no longer in line with market conditions and i think all will be good with the focus and hard work can be very mean and all need and readiness in the trading process will be very meaningful and we must be ready.

[TIMOR]

this market oftenly provide us such neumrious opportunities on almost daily basis that we indulged so we will use the averaging technique or may used matiangel or even use hedging techniques.

[Deepanshu]

it is a nice question
if you are failing from your strategy then is there any backup plan?
i believe if my trade is surely going against me (suppose if i had bought eurusd and the trend is bearish for sure then i would see a proper time and see the eurusd in the next order)
i believe this method is risky but with proper analysations i can cover my losses

[Adir]

To focus on trading rather than money, you must choose a trading system that you like. It is not advisable to opt for a strategy too complex or that put you off as you go dragging their feet. Look for a simple strategy that you will understand easily and that you will put in place.
Always stay in your trading plan: this is directly correlated to the above. If you choose the wrong strategy, you will apply it badly and will be tempted to take actions that go against him and this is rarely productive. To consider making profits, it is, indeed, essential to establish a plan and stick to it no matter what. You should not want to compensate losses by opening positions without having previously thought about.

[Pierre]

okay well I have no any alternate plan yet because till now i am doing well in forex trade , and if there comes such lose i do not care because it is the part of business and we have to face that in any way , but in the case of continouse lose then may be i join any other trade .
you have to learn more and more and train good..........

[Adir]

On the forex, the difference between winners and losers traders based on the fact that the former are attentive to their trading methods while the latter are more concerned with their money. To succeed in the foreign exchange market, so it is best to focus on becoming a better trader than trying to make money.