When to exit the current trade position? - Page 180
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Thread: When to exit the current trade position?

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    When to exit the current trade position?

    [lang=id]We will always think that "if we didn't close it then we will absolutely make a large deal of money in here."
    But sometimes we will just think like "if we didn't close the deal yesterday then i would have already lost quite a lot of money now."
    So what exactly is the right one in here actualy?
    Here it is!

    1. Make sure that our target already reached

    Just in case that any worst scenario happened in this business, we need to be satisfied only with the current profit we got anyway. If we just want to make unlimited profit then we will pay the price when we loss it quite big. SO if we reach the target better close it.

    2. Make a lot of research if we want to hold position

    Let's say that we are i losing position but we are very reluctant to close our own position in here, then we need to make a research first whether the current price is dangerous or not. Once we have deducted that current condition is bad, then we better close the loss before we loss even more in te end.[/lang]

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    Registered user ola4real's Avatar
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    Quote Originally Posted by Toyen View Post
    The deep understanding of the market is what every trader must make sure they achieve. With that, it will only be a working over for the trader in trading the market, everything will likewise be so easy for that trader. What is important is for us to have our trading system, the traders with the right trading system will not panic for anything, and they will know the time to make the necessary decisions in the market.
    Forex traders must understand this forex market before investing their money. If not, that traders will only be running their forex account regularly. Forex traders needs the complete method to trade their forex account, and if the elements of trading are being used correctly together and the trader is fully experienced. Then i am sure that the trader will know what to do in all situations, the exiting of their trades at the best place will not be a problem too.

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    Registered user Toyen's Avatar
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    Quote Originally Posted by ola4real View Post
    Forex traders must understand this forex market before investing their money. If not, that traders will only be running their forex account regularly. Forex traders needs the complete method to trade their forex account, and if the elements of trading are being used correctly together and the trader is fully experienced. Then i am sure that the trader will know what to do in all situations, the exiting of their trades at the best place will not be a problem too.
    It is a normal thing to know what you want to invest your money upon before committing yourself to it whether it is good or bad. The experience is a vital part of trading in which every trader needs it to know what to do at all time. Trading the market needs us to know when to trade and when to quit, it needs us to likewise know the management to use and the proper discipline to use for account trading stability.

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    Registered user Rylai's Avatar
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    Quote Originally Posted by Toyen View Post
    It is a normal thing to know what you want to invest your money upon before committing yourself to it whether it is good or bad. The experience is a vital part of trading in which every trader needs it to know what to do at all time. Trading the market needs us to know when to trade and when to quit, it needs us to likewise know the management to use and the proper discipline to use for account trading stability.
    People has different mindset about testing their interest of business. first kind is when they're investing their money directly with small amount to an account, trade with it and lost everything. with this they'll get the experience of how high the risk they can get and how they can prevent another losses by learning this business from the beginning. second kind of traders are those who starts this business with learning from their first time without investing anything.

    With experience comes time to invest and so with patience. these will teach us how to use our strategy well and find the best method for both our entry and exit. if our strategy doesn't confirm us anything, market will help us through its various patterns.

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  5. #1794
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    Rylai, small amount is nothing we cannot securely trade if we have small amount we can lose all in no time, so i recommend to trade with some good capital if we have good one we can not trade well, but if we have good capital we can use some management, we can limit our loss and profit, we can make some percentage targets, so do it properly

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  6. #1795
    Registered user Senorita's Avatar
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    It's high time we understand the best time we should exit this trade either in profits or loss. This will then help us to set our take profits and stop loss to see that we can be able to manage our investment in the right means. Our means to protect our capital should be important and we should have a desire to build a solid trade in the best time. Having a system is important and its what will help us know when to trade good and when to make the right exit.

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  7. #1796
    Registered user Toyen's Avatar
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    Quote Originally Posted by naeem555 View Post
    Rylai, small amount is nothing we cannot securely trade if we have small amount we can lose all in no time, so i recommend to trade with some good capital if we have good one we can not trade well, but if we have good capital we can use some management, we can limit our loss and profit, we can make some percentage targets, so do it properly
    I believe that most traders will prefer to be trading with big capital, but i know that when traders can not be successful with small capital, they will not possibly be successful with the trading of the big capital. The reason for that is simple, the reason is that the trader will not be trading without emotions, and when they can not control their emotion and management to work rightly with small capital, they can not do that with big capital.

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  8. #1797
    Registered user ola4real's Avatar
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    Quote Originally Posted by Toyen View Post
    I believe that most traders will prefer to be trading with big capital, but i know that when traders can not be successful with small capital, they will not possibly be successful with the trading of the big capital. The reason for that is simple, the reason is that the trader will not be trading without emotions, and when they can not control their emotion and management to work rightly with small capital, they can not do that with big capital.
    Trading with big capital is always our dreams, there is no forex trader who will descend so low to be trading with low capital unless the trader does not have a choice. That aside, what is mostly important is for forex traders to be trading with strong capital who can be of useful trading opportunities to the traders, and the forex traders should never take the issue of emotion lightly, it will be a danger in disguise.

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    This is why we need a very better system because with the right system we can always know when it's necessary to exit from this market and see we can achieve more of profitable trade. Having a strategy is good because with a better system we will know when to open a trade and as well know when to exit with stop loss. So having a system is helpful and will help us to really work on the best chance to stay profitable always.

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  10. #1799
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    Quote Originally Posted by Ulthred View Post
    This is why we need a very better system because with the right system we can always know when it's necessary to exit from this market and see we can achieve more of profitable trade. Having a strategy is good because with a better system we will know when to open a trade and as well know when to exit with stop loss. So having a system is helpful and will help us to really work on the best chance to stay profitable always.
    exit from some loss is good when we do not exit we can lose big or all like i am losing, so its better for you if you accept some loss, when you do this you can really make some good orders, when we do not have proper management when we do not have proper experience we cannot survive, so in trading try to limit you loss, and always be ready to accept some loss this will make you better and able to accept reality as well

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  11. #1800
    Registered user Toyen's Avatar
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    Quote Originally Posted by ola4real View Post
    Trading with big capital is always our dreams, there is no forex trader who will descend so low to be trading with low capital unless the trader does not have a choice. That aside, what is mostly important is for forex traders to be trading with strong capital who can be of useful trading opportunities to the traders, and the forex traders should never take the issue of emotion lightly, it will be a danger in disguise.
    I know that every trader will want to be trading with big capital, no trader can tell me that this is not their dreams. One thing about the market likewise is that we all have to know what we are doing, and building a trading system which is strong and specific will do everything regarding to a proper trading decision for us. And as long as we do not include emotions to it, it will certainly work rightly for us.

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