Post Tagged with: "Stop Loss"
Taking the Profit
When the trade is going in your favor, what do you do? Do you wait until the pair hits your Take Profit goal? Extend the band? Or just take the profits and call it a day? 1) Sticking by the original plan has its advantages. First, you take no additional action that can trigger even
Haunted by False Breaks? There’s One Thing You Shouldn’t Do
You place a buy order above the current range and catch the break. The pair moves higher, but doesn’t get too far, retreats quickly back to range and catches your stop loss. It then makes the break once again, but this time with full force, moving significantly higher and reaching your previous Take Profit point.
Stop Moving Your Stops
Unfortunately, also seasoned traders fall into this trap of moving stop loss orders. And if it worked out for you once, it just worsens things for you. Are you doing that? Being aware of why you are doing it and the consequences can be a game changer. Why do you move your stop loss? So,
Stop Loss – Did You Try Trading Without It?
Andriy put up an interesting post about the famous or infamous stop loss. He asks if you trade without it – something which is usually highly not recommended. He mentions that everybody witnessed his stop loss being taken just to see the market change direction in their favor immediately afterwards, making it very very frustrating.
Eur/Usd Trading – 3 Tips That Will Make You the Next George Soros!
Guest post from visionsofaffluence.com Ok, so maybe I exaggerated a bit about you becoming the next George Soros but with these tips you will definitely be able to make a lot of money
Forex Binary Options – An Upgraded Stop Loss
The forex industry continues to evolve with additional resources for knowledge, and now with additional resources for trading. Binary options can be used as an alternative for the traditional stop loss, and for hedging. Here are a few examples for this. Let’s say that your trade plan is buy EUR/USD in case of a breakout
Forex Trading: How to Limit Your Risk
Guest Post by ForexTraders.com If you’ve traded any security, you’ve heard the old axiom about keeping your losers to a minimum and letting your winners run. The latter part of that expression is self explanatory. Most forex traders know that they don’t want to cut their winning trades. Simply keep moving your stops up as
Tankan Manufacturing Index could take USD/JPY Over 100
The Tankan Manufacturing Index is major economic indicator in Japan. USD/JPY is climbing slowly to the magical 100 mark. Will this release push it over the top? Update April 2011: for the latest on this important Japanese indicator, see the Tankan Manufacturing Index page on Forex Crunch. USD/JPY is trading sideways for a few weeks. On
Forex Software System – Top 5 Factors
When choosing a Forex Software System, there a few important factors to take into consideration. There are so many Forex Software providers out there, and it’s really hard to know which one to chose. I list here the top 5 things to watch out for. A list with other factors will follow in the next