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  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. #61
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    I think this is a strategy to make trade more secure for longer time, this a kind of locking system which lock on zero profit until spread is fulfilled so if price go back our balance will not decrease. If the price not go back we can get profit bigger after reach some peak of price at some period.

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    the set of trader that move stop loss in this business are the trader that trade the higher time frame and use daily as entry,majorly if you are trading the monthly and the weekly chart moving stop loss to break even will be something one will be doing,this business of trading is majorly about how well one understand the business that will determine profit

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  4. #63
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    I agree that when you have a solid trust that market will continue to move in our direction then we can set break even point in order to avoid risk. By setting a exit or break even point in profit we can at least have minimum profit with no loss. People use to try this where they can see that this trend will go long and it gives handsome profits when market move in their favor. It is a good technique to share.

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  5. #64
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    This strategy is a kind of trailing stop that moves SL to zero point after spread was fulfilled, after this we can make this trade move any where the price will go we will never have loss trade and of course profit will wait but depend of the direction of trend if our trade in trend we will get a huge profit.

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  6. #65
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    It is good to do the analysis before trading, so as to first know how the trend has been doing, because there are times the moving of stop loss, may work against you, and you may end up losing, and this is when the market is so volatile. Analysis are good so as for you to set profit and know where to set your loss

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  7. #66
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    Quote Originally Posted by Value trader View Post
    Moving to breakeven too often is not a resonable exit - in some cases price can retest your entry level twice or even 3 times before it goes.
    It happens often that price retests entry level few times after going up. At this situation when price goes up and test a temporary resistance, i close some of my trade with profit and if price goes down and retest my entry level again, i place the trade equal to the lot i had closed. And if price doesn't retest still then i make profit from my not closed trade.

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    Quote Originally Posted by khurramsaeed View Post
    It is good to do the analysis before trading, so as to first know how the trend has been doing, because there are times the moving of stop loss, may work against you, and you may end up losing, and this is when the market is so volatile. Analysis are good so as for you to set profit and know where to set your loss
    To set the stoploss you will need good determination,place your stop at the good level,when the situation seems very clearly to close the position with profit,when you should really stop your wrong trades,then place your stop to cut the loss from your trade before it really eats you capital.

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    Finally successful traders

  9. #68
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    To some degree it can definitely be further bolstering your good fortune in an unstable drifting business sector to move your stop as value moves energetic about your open exchange and that is the reason the trailing stop characteristic is accessible on most specialist stage. However observe that moving your stops can additionally work against you if the business sector is not drifting or unstable and in the event that you are a hawker.

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  10. #69
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    I think we should adjust our stop loss levels above our entry point that will give us good safety and I think we can try to lock or profit also in every trader that will be good for us but there is no doubt in it that break even points are very helpful for trading and we can make good profit by break even points in forex market

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  11. #70
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    Its very essential to use our stop loss with a very good style we always should keep eye on our risk and reward ratio most of trader not focus on that and they use stop loss for very high pips rather than their profit target but in every break even point we get a very clear sense that where we have to put our stop loss

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