Guest post by Jason Madison of beatwallstreetnow.com There are no sure things in the world of day trading but there is one technique that comes pretty close. This technique is known as a free trade. Basically a free trade is when you open a trade and then wait for it to get to a certain amount of profit, and then you close out half of the position to lock in those gains. Next you would move your stop to break even and let the rest of the position run. What this does is create a situation where you can’t lose because you have already banked profits and even if the market turns and moves completely against you there will be no loss because your stop will get you out exactly where got in. This is the secret to profitable trading because no matter how great your system is if you don’t take profit and let your winners turn into loser you will never get anywhere. One of the biggest issues facing new traders is taking profit. This is because when they are in profit they don’t close out the position because they feel like they are going to miss out on more gains so they hold to their position. And then what happens? They are forced to sit and watch as the market turns against them wiping out all of their gains. Free trades eliminate this because they allow you to take profit and have guaranteed money in the bank, while also keeping half of the position open and allowing you to profit from any further moves. While in a free trade one of two things will happen. Either the market is going to continue to move in your direction and make you a huge profit or it’s going to turn around and stop you out at break even. Either way it doesn’t matter because you’ll already have money in the bank. Do you want to take your trading to new heights? Do you want to become one of the 5% of traders that actually make it in this business? Do you want to discover the revolutionary price action techniques that will allow you to trade for a living? Well then visit beatwallstreetnow.com Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Crosses for Avoiding American Risk Events Yohay Elam 13 years Guest post by Jason Madison of beatwallstreetnow.com There are no sure things in the world of day trading but there is one technique that comes pretty close. This technique is known as a free trade. Basically a free trade is when you open a trade and then wait for it to get to a certain amount of profit, and then you close out half of the position to lock in those gains. Next you would move your stop to break even and let the rest of the position run. What this does is create a situation where you can't lose… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.