Why plan B Is important in the trading ?
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Thread: Why plan B Is important in the trading ?

  1. #1
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    Question Why plan B Is important in the trading ?

    The mostly professional trader stress on the Plan B in the trading so i wan to know for all the traders why the plan B is important in the trading and why we change our plan in the trading, why it necessary in the trading.

  2. #2
    In forex trading a trader should be always be ready for a alternative plan or to say should have a plan B.Even if one of our plan fails we do have an alternative to our plan and a proper plan and strategy always helps us and gives us many new methods to earn and learn.Professionals in trading of forex always knows the importance of plan B.

  3. #3
    Not only in Forex trading business but in all field of life we must have Plan B because that provides a fail safe protection to our real plan and as far as Forex trading business has concerned we must have plan B because this business is very much uncertain and risky and to get success and protect our account we always keep our contingency plan ready.

  4. #4
    Every pre-made plans some things get ruined and valueless for some sudden change in the market. And as a good trader the trader must be having an alternative trade idea which is known as Plan B. Forex is a very much uncertain and risky business which is always changing there should be a Plan B in-case of failure of real strategy.

  5. #5
    We do need to have a plan B in forex trading, because plan B we will use later when we face an unpredictable condition. Most traders have a plan B to make the proposed capital, so capital proposal later they will be using when they get a margin call.

  6. #6
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    Plan B is necessary for traders to either hedge their positions or increase there profit potential or cut loses, Plan B is for the purpose of should in cases where your entries didn't favour you than you have an option available to either cut your loses or gain back what you've lost, although such plan B ate suitable for traders with vast experience on how to exploit market conditions.

  7. #7
    Quote Originally Posted by rai504 View Post
    The mostly professional trader stress on the Plan B in the trading so i wan to know for all the traders why the plan B is important in the trading and why we change our plan in the trading, why it necessary in the trading.
    Yes that commitment in the forex market is a tool that should not lose sight of it because it is simply too severe a shortcut to a long road to success.
    Actually abyss Addai commitment to provide time to reach for success in the fastest time and to reduce loss rates and rein in a time of greed and self-control of the capital and the balance in its management.

  8. #8
    My dear friends Every pre-made plans some things get ruined and valueless for some sudden change in the market. And as a good trader the trader must be having an alternative trade idea which is known as Plan B. Forex is a very much uncertain and risky business.

  9. #9
    When we create any position either after analysis or from experts recommendation ( their is no guaranty that the target will achieve) so to avoid such situation their should be plan B . means you should always carry some balance to either hedge the position or to average the position for making profit .For plan B it is always advice either trade with small quantity or trade with keeping some additional balance in margin.

  10. #10
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    Both the plan A and B is very important to earn better profit from this trade. Our sufficient trading capital is required to continue better trading. With the adequate trading capital and trading knowledge, we can do better in both the plan A and plan B. Overall, our trading skill and knowledge are the best capital for us.

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