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Thread: Moving stops to breakeven ?

  1. #1
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    Moving stops to breakeven ?

    breakeven in forex means a method to mark a level till which your profits is secured. when you have a good pips gain then you could move your stop loss to the entry which would mean the trade would be free ride and you would gain no loss even if the trades went against you. also you could move your stop loss further your entry point to lock profits at a level which you think the price won't reach.

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    Quote Originally Posted by melan View Post
    This is a good techniques and will give us success if we are always understand take profits and stoploss level in trading and never take big risk also , in shape of open trade we have to realize our trading ideas in most effective and useful way so we will able to perform better and we will gain success also .
    i am not really sure if this is a good technique to move our stops to breakeven because it looks like we can not accept or obey our rules and change our stop loss levels in any levels we believe that market will not touch it in stop loss. if we do this often i think we can be a consistent trader because we can not follow our own rules in trading and always move our stops to any levels we feels right.

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    We should understand that stop loss is a necessity in forex if we really want to see ourselves minimize risk in this market. We should take our time to build a good trade and know how to minimize loss if we are hopeful to maintain success. We should know how best we can manage risk and learn to build the right skills that will help us achieve success. Break even is necessary important in forex and we should do everything to maintain loss which is a good one. Stop loss is very necessary and at the very right point we could break even and protect our investment.

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  4. #1023
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    Sometimes our stop loss need to be adjusted or modify, because this business cannot be fully trusted with its movement, breakeven is necessary sometimes because the market could reverse back and hit your stop loss but if you use breakeven after achieving some pips on that trade before it reverse back you would have save yourself from that loss, though not all time this is necessary cause loss is also part of the market so we need to accept this fate some time.

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    Quote Originally Posted by Eneregha View Post
    Sometimes our stop loss need to be adjusted or modify, because this business cannot be fully trusted with its movement, breakeven is necessary sometimes because the market could reverse back and hit your stop loss but if you use breakeven after achieving some pips on that trade before it reverse back you would have save yourself from that loss, though not all time this is necessary cause loss is also part of the market so we need to accept this fate some time.
    It is true, the stop loss could be adjusted, that is why it is movable, but we have to make sure that we are adjusting the stop loss reasonably, not that we will be misusing the opportunity of the adjustments. In a nutshell, stop loss is good, and i only adjust my stop loss when news is coming, i tighten it the more, but i will not use it on breakeven unless there is profits already that i would like to lock because of the coming news

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  6. #1025
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    No doubt using stop loss is a good thing to reduce the risk while trading and moving stop loss to breakeven is not bad idea but we must do it correctly. We can change our stop loss to breakeven only when we already have plus at least 20-30 pips. If we put less than it (for an example 10 pips) than sometime the price will hit our stop loss before they continue the movement. If it happen we are wasting our time, losing the chance to get profit and got nothing from that.

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  7. #1026
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    We just have to be aware of the market and then know how to control the risk we are making. If you are not sure of the market movement then it is better to have your trading account been protected by moving the stoploss to breakeven, it is the best thing to be done. So that you will be able to know how to actually get to protect your trading account.

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    The best way for traders is to see they improve on their trade by ensuring they develop the right system that will guide them to trade well and see they can make good profits from this market. However stop loss is necessary to limit risk and this is what we must do to make sure we avoid loss by all means. Management of loss is very important and we need time to build up a perfect skills that would help us trade good always. We must learn to manage our capital and must build our means to make profits.

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    Quote Originally Posted by Lyon View Post
    We just have to be aware of the market and then know how to control the risk we are making. If you are not sure of the market movement then it is better to have your trading account been protected by moving the stoploss to breakeven, it is the best thing to be done. So that you will be able to know how to actually get to protect your trading account.
    Yes, the risk in the market is what we have to be well prepared for, we have to take the risk, but we have to curtail the risk in the manner that it will not affect us. If traders can plan their trading very well, the mere using of the stop loss and take profits are enough to help them to protect their trading account. The use of breakeven approach is something else to me.

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    Quote Originally Posted by Lyon View Post
    We just have to be aware of the market and then know how to control the risk we are making. If you are not sure of the market movement then it is better to have your trading account been protected by moving the stoploss to breakeven, it is the best thing to be done. So that you will be able to know how to actually get to protect your trading account.
    Good risk management is one thing every serious trader have to look into because with the perfect means of managing this trade we can build ourselves to have all it takes to become successful. We should look closely on the very importance of managing risks and realize that success in forex do not come so cheap. Let's take our time to build the right skills and do everything possible to contain risk always.

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  11. #1030
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    Quote Originally Posted by Sixteen View Post
    Good risk management is one thing every serious trader have to look into because with the perfect means of managing this trade we can build ourselves to have all it takes to become successful. We should look closely on the very importance of managing risks and realize that success in forex do not come so cheap. Let's take our time to build the right skills and do everything possible to contain risk always.
    Our skills are very helpful for us in forex trading. Forex trading business is very risky and if we are use the stop loss then we can make limited our losses. If we are use the stop loss at break even point then our risk is become zero for us and we will earn easily high profit from this market with that trade but we can use the stop loss at break even point only when our trade is going on profit.

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