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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. #2881
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Eneregha View Post
    Breakeven is a good tool to make use of it will help us to stay in a trade for a longer time, if we wish to take more profit in a trade breakeven will give us the confidence to stay on that trade for long time, but breakeven is not meant to be used always, using breakeven can also limit our chance of earning some profit in the market, so we should use breakeven only when it's very necessary.
    Breakeven is not a tool and you can not find it anywhere from market. It is just a method of moving our stops and replace the function to become secondary exit for our profitable trades. In many cases traders are moving their stops to breakeven to secure their trades with profit and help them hold their trades longer to follow market trend. Breakeven is very useful to help traders to earn consistently and safely.

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  3. #2882
    Trader Batavia's Avatar
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    More good to use trailling stop than replace stop loss to breakeven. If you use breakeven you will losing your profit and this is not good for your money management. Most of traders using breakeven as their method to avoid the risk i think they dont have money management. When you use money management the risks and profit that have been calculated and we just follow that.

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  4. #2883
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    Silhouette, It is a choice of trader to use strategy of any kind it is one better trade strategy but if we want to earn good results we have to use it , because that strategy is approved by many trader and we easily make our trade plan very effective with it , so we all need to understand the use of break even trade strategy and how we attain better results .

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  5. #2884
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    Everyone that trades forex should understand what it means to move their stop loss to break even so that no matter what happens thereafter they can be guaranteed that whatever they have already earned will not be given right back to the market which is something we should take quite serious when trading.

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  6. #2885
    Trader amjad23510's Avatar
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    Quote Originally Posted by simisola View Post
    Everyone that trades forex should understand what it means to move their stop loss to break even so that no matter what happens thereafter they can be guaranteed that whatever they have already earned will not be given right back to the market which is something we should take quite serious when trading.
    While trading with forex market we need to have planning and must follow the plan in order to trade effectively and it can make against anytime but with the help of stop loss we can avoid such loss and we can get our expected results from our trades. break-even is really a best idea to secure a good profit in our regular trades. most of time we need to have planning for take profit and we must go for that point to get expected results in order to avoid against move.must move your stop loss to break even in order to avoid loss or secure some profit in case of against move and then again go with Trend.

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  7. #2886
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    the use of stop loss as a means of securing our money in forex trading is very good, the break even strategy as you describe here is indeed very good for traders to minimize the risk of loss from reversed prices and can maximize profits, provided we only use it when it occurs strong trend so that you can get many pips in a single trade.

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