Moving stops to breakeven ? - Page 288
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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. #2871
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    This is one of the best things that we can do to help ourselves in Forex, we need to always leave our losses from the market by ensuring that we adjust our stop loss immediately we see that something has happened, trading this market without moving our stop loss to break even could automatically make us lose money which is actually not something that we want to see as traders.

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  3. #2872
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    This is a good idea to moving stop loss to break even. This will be less risk for some profit don,t be greedy to take full profit. If you thought market is going against you than you can change your your moving stop to break even.to do this you have need to analyse market first.don,t be greedy and follow your system direction.

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  4. #2873
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    It's good to use break-even on a reverses trend, not every trade can hit take profit that's one sure thing about the market so those trades you are not so sure that will hit take profit and likely to reverse you should make sure you use break-even in such trades, reverses happen some of the time so it will be good that we use break-even some times too.

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  5. #2874
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    Risk management is very important so you need to manage your risk the best possible means you think you can do that, break even is a good way to manage and protect our account, but if this is the only way we use to protect our capital it will be hard to succeed so we need to use some other method like stop loss and take profit too.

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  6. #2875
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    It's very necessary that you use stop loss in every trade that you open to protect your account from big losses, and same time when some of our trades are in profit we can use break-even to lock no profit and no loss in the trade too when you don't understand the market movement very much too, both stop loss and break-even are important tools.

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  7. #2876
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    This is one of the areas trader loos good trade that would have turn into a profitable one. There is need to know exactly when to move trade to Breakeven to avoid unnecessary lose. infact putting it before time will take you out too soon when the trade still have a potential to go through.it is safer after two swing has been made once that is done move it to the 2nd to the last swing in that same trend Because if price take the last swing is an indication that trend is about to take a new turn.

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  8. #2877
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    Quote Originally Posted by usama aziz View Post
    It's good to use break-even on a reverses trend, not every trade can hit take profit that's one sure thing about the market so those trades you are not so sure that will hit take profit and likely to reverse you should make sure you use break-even in such trades, reverses happen some of the time so it will be good that we use break-even some times too.
    The problem isn't always with breakeven stop loss because with many trades we do with this method, we should have known better how to place our take profit properly without using it every time we trade. Besides, it's not a main thing to do in this business as market should be always traded and executed with stop loss or take profit. Moving our stops to breakeven only suggested if market is about to move against our analysis. So doing this method for many times should give us explanation how to expect market movements and place our take profit at logical levels in market.

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    rules made to be followed, not to be broken

  9. #2878
    Trader Senorita's Avatar
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    This is one of the very way to protect your capital so that whatever outcome the market brings will never make you to loose your capital rather you can have an odd to still end up with profits. Moving stops to break even is good and its been one of the very promising way to trade and believe that a strong management is followed. I do make sure that I manage loss and it have indeed enable traders to build a profitable trade.

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  10. #2879
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    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.

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  11. #2880
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    We should make use of the tools that are provided for our analysis and for protecting our account like the stop loss. Moving average is a good trend indicator and the main thing is we use the higher time frames and wait for the right time when we can go for a trade. We should not just open traders because the market is open 24/5 or we are in need of profits.

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