We should wait for more profit or should close the trade after getting small profit?

[ola4real]

Abhishekwala, this is happen and i am also hunt by this thing many time, we people closes orders into smaller profit but in case of loss we wait for more and more time and in some hours we can lose more big or we lose all, not just this with every some time of loss we add more lots for recovery but that big lots add more loss and in end we loses all, i have lost 1400$ because of this mistake

What you are trying to point out is a martingale style of trading in whom forex traders will be adding more lot size to a single direction. Forex traders who are trading the forex field has to make a good plan with it, and trading with martingale method is never the best. The best in forex trading is for traders to plan their forex business with good strategy and apply the money and risk management to that strategy. That is what I know that will not cause aggressive trading for the trader.

[touqir]

i think more profit is not safe way we should get what we have, so if we try to gain more and more profit from single order that is not good thought every order should have some limits because market not move huge on same time, it move in swing way so we can do better if we accept this thing and gain some specific limited pips from every order

[Abhishekwala]

i think more profit is not safe way we should get what we have, so if we try to gain more and more profit from single order that is not good thought every order should have some limits because market not move huge on same time, it move in swing way so we can do better if we accept this thing and gain some specific limited pips from every order

We have to plan our risks depending on our account balance and further try to keep our Tp higher than the Sl. Usually scalping and similar strategies have lower tp and higher SL and that is the reason earning with these strategies becomes more difficult. We need good level of accuracy in analysis. Surety actually is not possible, but the set up see based on which we decide to take any trade should give us good probability for profits.

[Ulthred]

Your strategy determines your target and how possible you should look or hold up to a trade. If you don't believe your strategy, then it's possible that you could hurriedly exit with some small wins which won't help you last in the long term. Waiting for the right time to trade is very important so that we can confidently trade and look to maintain so much more profits from this business all of the time.

[naeem555]

Your strategy determines your target and how possible you should look or hold up to a trade. If you don't believe your strategy, then it's possible that you could hurriedly exit with some small wins which won't help you last in the long term. Waiting for the right time to trade is very important so that we can confidently trade and look to maintain so much more profits from this business all of the time.

we do not control our profitable orders for long and what happen, in end we lose all in single order, at the moment i am in big loss so what happens to me, when we believe market can come back we wait for more and more time and in that wait we lose more, this time i am losing big again, i do not have still huge hope but have little bit market will come back so waiting and lets see

[Silhouette]

we do not control our profitable orders for long and what happen, in end we lose all in single order, at the moment i am in big loss so what happens to me, when we believe market can come back we wait for more and more time and in that wait we lose more, this time i am losing big again, i do not have still huge hope but have little bit market will come back so waiting and lets see

There has been some ways to control our trading and hold our trades to get more profits as long as it's necessary to do. Look at the strategy we have if it's supporting us to get more profits, then don't fear to lose and hold the trades longer. As long as we got ourself supported, we'll be trading safely. In this case, our system must have a money and risk management included.

[juniorpeters]

most times waiting can make you lose more money and while closing too soon can make you lose bigger opportunity in the market.but its better to secure the little profit that you have made from the market than allow it slip away.unless you have a very good strategy that you understand and trust then you can live your trades to run.as a trader i don't settle for less i have a target and until i get it am not leaving the market.

[Tonycee]

Before closing a trade, you might have watched the market chart and see reasons why your analysis wouldn't work out. If you are confident that your analysis will go as expected, then there is no need to think about closing a trade. If you must also allow the market to reach your take profits and stop loss. We are the decision makers in our trade, so it will be wise enough to understand how we can build a promising trade and know how to also handle up our risk.

[Abraham Chrils]

There are a wide range of brokers and as we already said in article 8 "Forex Brokers and Where They Fit in the Market", they are the connection between the clients in the Forex market and the liquidity suppliers, encouraging the exchange by means of their trading platforms. The trading platform is the thing that the client sees and encounters during his everyday trading sessions. A few brokers have the funding to have the option to stand to make their own, exclusive, trading platforms, while some utilization white-marked items which they redo and others simply buy a permit for utilizing a platform given the circumstances, as MetaTrader by MetaQuotes Software Corp.

[Nova]

The most important thing is to manage your risks properly so that if there is any loss at all , that will not be a threat to your account. The mistake that the newbie often make is to close profitable trades prematurely while they allow trades with floating losses run in anticipation for retracement that may never happen in the next three weeks. Trading should be the other way round, I mean you should close the one in loss when that is affordable and allow the one in profit to run .