Moving stops to breakeven ? - Page 265
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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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  2. #2641
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    It is the right way to secure our trade there is zero risk involve in trade we all know that with knowledge and with efforts we make our trade ideas well cleared it help to survive in market for good trade results we all have to make our trade ideas in right of the direction where our risk factor must be limited and help to generate good results .

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  3. #2642
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    As the short way of trading makes some traders to lose, it is making some traders to make more money than the long term traders as well, all that matters is for you to know what you are doing. Also, the stop loss usage should not be abused by traders, because i view the break even approach to be an abusive way of trading the market for traders that are afraid.

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  4. #2643
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    I see the use of the trading tool stop loss as a great opportunity to make our trading easier and stress free, it helps in reducing our loss in trading, now , the tool can be equally used by traders to lock profit and also to make trader free from loss by setting it as trailing stop or breakeven respectively, this is done by adjusting the stop loss, when we use it as trailing stop we protect our profits, and as breakeven to close the trade at zero loss by shifting the stop loss to the entry point.

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  5. #2644
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    Stop loss should be use in all cases when we open new order and we have a profit but think market will go further. In the last case we replace stop loss to break even and later we replace stop loss further when market goes additional 30 pips. It is normal way to trade in forex market and make secure our profit and follow the trend.

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  6. #2645
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    Breakeven is the most secure situation for entering a trade and you can lock your profit too. But finding out the real breakout is really the hard work. Mostly market gives fake breakouts before giving real breakout and most of the traders get stuck with wrong trades. There is a lot method so find out the real breakouts and trading breakouts on the confirmation.

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  7. #2646
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    It is good to have a method to protecting your trading account because we can't be sure about the movement of the market. But this method is not what I will recommend to traders to make use of, because the market being complex, we need to give our trades some space to breath, if we keep on moving stoploss to breakeven then we will keep on being knocked out from most of our trades.

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  8. #2647
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    I don't use the stop loss for now so I don't need a break even trade, in moving our stop loss to the break even, we automatically secure our trades against any risks, it means irrespective of the outcome of that trade, we won't be concerned, break even gives the trader peace of mind whenever it is used, although it still has some disadvantages which we cannot ignore. Break even trades always brings lesser risks to the trader.

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  9. #2648
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    It is common practice to place stop loss on breakeven after market moves some pips. We never know if market will go further or it will return back so stop loss on breakeven secures our profit and account. Later if market is in trend and moves further so we can replace stop loss nearer to the present price and wait more for market to go on.

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  10. #2649
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    I think one who is making use of this method in trading is not doing the right thing. They most probably will take a lot of losses, due to the market can't be certain in movement. That way, what one has to do is that they only take the trades which they are so much sure about, being the trades that they have made good analysis on, that way, one will have a higher success rate.

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  11. #2650
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    Moving stop loss to break even is very important for all traders in this market,once we are into profits already we should try as much as we can to move our stop loss to break even point,that way no matter what happen in the market we are already in profit and can not loss that trade again from that point.

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