The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: How to set Targets and Take Profits in Forex Market  (Read 10547 times)

Newswire

  • Jr. Member
  • **
  • Posts: I am a geek!!
    • View Profile
How to set Targets and Take Profits in Forex Market

When taking profits, should we split our position into pieces and close it by different targets? Or do we go ‘all in’ and ‘all out’? Perhaps an even better question: is there a correct way to take profits? All this and more in this Exness webinar.



(Back to tutorial list)



Rickfap

  • Jr. Member
  • **
  • Posts: 25
    • View Profile
Reply #1 on: August 21, 2018, 03:52:29 PM
Thank you. sir



Dolilia

  • Newbie
  • *
  • Posts: 3
    • View Profile
Reply #2 on: September 01, 2018, 04:40:11 PM
Very interesting. I think this video give good guide for determine what target to reach for



Simdik

  • Newbie
  • *
  • Posts: 6
    • View Profile
Reply #3 on: January 19, 2019, 02:14:57 PM
This video is great



Dinnil

  • Full Member
  • ***
  • Posts: 151
    • View Profile
Reply #4 on: May 03, 2019, 09:50:24 AM


How to Trade Forex
Now that you know some important factors to be familiar of gone establishment a forex account, we will take a see at what exactly you can trade within that account. The two main ways to trade in the foreign currency vibes is the easy buying and selling of currency pairs, where you go long one currency and rushed other. The second magnification is through the purchasing of derivatives that track the movements of a specific currency pair. Both of these techniques are intensely same to techniques in the equities make known.The most common showing off is to handily obtain and sell currency pairs, much in the same habit most individuals gain and sell stocks. In this court suit, you are hoping the value of the pair itself changes in a deferential sky. If you go long a currency pair, you are hoping that the value of the pair increases. For example, let's proclaim that you took a long approach in the USD/CAD pair - you will create portion if the value of this pair goes taking place, and lose maintenance if it falls. This pair rises once the U.S. dollar increases in value previously-door to the Canadian dollar, therefore it is a bet concerning the U.S. dollar.

The new option is to use derivative products, such as options and futures, to profit from changes in the value of currencies. If you get an uncharacteristic in marginal note to a currency pair, you are getting sticking together of the right to get sticking to of a currency pair at a set rate in the by now a set narrowing in grow pass. A futures settlement, upon the supplementary hand, creates the obligation to get accord of the currency at a set mitigation in epoch. Both of these trading techniques are usually lonesome used by more protester traders, but it is important to at least be occurring to date past than them.



Dikklo

  • Newbie
  • *
  • Posts: 4
    • View Profile
Reply #5 on: May 03, 2019, 09:57:28 AM
I am an newbie in forex trading. I think I learn many capacity neccessary for forex trading here. Now I am pleasant.



svon

  • Guest
Reply #6 on: November 07, 2019, 10:49:16 AM
It makes senses



loker

  • Guest
Reply #7 on: November 21, 2019, 02:49:52 AM
Never use take profit before. But this make a lot of sense.



Slopper

  • Guest
Reply #8 on: November 22, 2019, 08:05:42 AM
Technical analysis is the method of evaluating traded products by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts believe that the price contains all known information and therefore technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.

With wonderful sounding names such as Elliot Wave Theory, Candlestick Charts, Moving Average Convergence Divergence or Bollinger Bands they all have the common aspect of presenting us with a visual approach to market analysis.



Eva

  • Guest
Reply #9 on: January 16, 2020, 11:23:16 PM
Interesting one



Kyoshi Kazuya

  • Newbie
  • *
  • Posts: 4
    • View Profile
Reply #10 on: April 26, 2020, 05:13:14 AM
This is very nice.



doller

  • Guest
Reply #11 on: April 29, 2020, 08:50:17 AM
Intraday trading guide

In some ways, intraday trading is an extremely free profession. To a large extent, you can choose to work anywhere at any time. Thanks to the advancement of mobile technology and the increasing popularity of mobile transactions, you can decide the arrangement of each day exactly according to your preferences. You can freely choose to work in the office or home, or even choose to work on a trip.

Personal intra-day trading allows you to be your own boss and have full control over your time and money. So at the same time, what are the shortcomings of this work? For many people, having complete control can also be a terrible thing, especially for those who are not good at scheduling and managing time.
How is intraday trading different from long-term trading?

In fact, the only difference between intra-day transactions and other types of transactions is the time plan. Intra-day traders usually hold positions for a day, often closing positions before the market closes, rather than holding positions for weeks or years. Compared with other types of trading, high-frequency intraday trading requires more concentrated attention, because the time period is shorter, and the market may change quickly in the short term.
Things to keep in mind during day trading
Understand your mindset

When trading, pay attention to all the ideas in your own brain. If your ideas start to be "outrageous", then you must take a break. Intraday trading is a difficult job and it requires constant attention. When trading, you need to be self-motivated and stay focused.
Follow your own principles

Self-discipline is one of the biggest characteristics shared by successful traders. You need to be alert to your bad habits. The first thing is to understand your bad habits and resolve them as soon as possible. One way to understand whether you are trading in a self-disciplined way is to develop a trading strategy and then check to see if you are following these principles. Your rules should be well thought out and contribute to your successful transaction.

As an intraday trader, transactions are completed within a short period of time, so it is a good way to reassess your principles at the end of each month. You may sometimes violate your own principles-know that this is inevitable, but you can not develop this bad habit. Try to stop violating the principles you set and correct them in time.
Manage your funds

If you want to become a successful intraday trader, money management is essential. In fact, no matter which transaction method is used, fund management is a necessary factor for a successful transaction. If you plan for a long-term transaction, then obviously you need to successfully use a money management strategy. There are many books devoted to fund management, which will introduce many methods. You need to spend some time to find a method that is suitable for you.

Some traders want to enter into transactions that are expected to double their returns. This is called the risk / reward ratio. If the risk / reward ratio can be maintained at least between 1-2, then the possibility of continued profitability will be greater. Remember, even if you make a profit 90% of the time, if your losses far outweigh the gains, this will not help. Your gain is more than your loss, this is the most important.
Always carry out risk management

When you place an order, do n’t forget to use stop loss to manage risk. This will be your insurance. Before entering a trade, you need to think about how to set a stop loss order. This is a good habit to ensure that you keep thinking about the protection of assets when the market is falling.
Intraday trading mentality

Once you have formed a comprehensive strategy, you must implement it quickly and decisively. When your expected price level has been reached and the prerequisites for trading have been met, then you should quickly execute your strategy, otherwise you may miss trading opportunities, and previous plans and research will be ruined.

You should always stay calm. This is especially important when you suffer losses. Keep calm and react according to your own principles. Think about the worst in your brain, so that even if the worst happens, at least you are well prepared to keep your mind clear.

Don't let the views of other traders influence your trading. Sometimes, other traders will want to share their views on the market with you and provide you with recommendations, but they do not take into account your trading methods. Remember, no one knows your own trading system and style better than you. You know your trading time period and your stop loss settings, so you must stick to your principles. Other traders will inevitably be biased. If you want to get advice, then you should consult a professional who can give advice based on your situation without departing too far from your trading method.

Stay independent. If you find that you are looking for a mobile phone, or if you want to send emails to others for support, then do n’t place an order. You must trust your instincts. Once you have carried out your own analysis and estimation, and come to your own conclusion, then do not question yourself. The key points you set for entering and exiting the market are supported by reasons, so believe these figures, do n’t question yourself, and do n’t rely on others to affirm your views.

When trading, patience is very important. If there is no suitable trading opportunity, do not force yourself to trade. As you gradually deepen your understanding of the market, you may be able to more easily understand when to trade. As your trading experience grows, your intuition will become more sensitive.

Pay attention to the pressure you are under. Intraday trading may bring a lot of pressure because it requires constant attention and self-motivation. You can take time out to rest for a while, a ray of thought, which is also a kind of mental relief. Think about where the transaction is in your life. Too much pressure will adversely affect your trading decision, so if you feel that pressure is increasing, then you better suspend trading and take a good rest. After the break, when your stress level returns to normal, enter the trade again.

When you are trading, you need to flexibly configure your position. Market conditions may change quickly, so your approach must also be flexible. If you want to stay one step ahead of the market, you need to be ready to respond to changes in the market.

Stick to your chosen market and specific time period. In a rapidly changing market environment, these two factors are under your control.

Decisively profit and close the position. If the market trend remains the same after you profit and close the position, please do not regret your decision. Let other traders compete for the final profit. You have already made a profit. Compared with the loss, this is not how much stronger, and you can start looking for the next opportunity. If you are concerned that you will continue to exit prematurely and miss profit opportunities, then you can design a strategy to re-enter the market and test it. As a short-term trader, if you can make a profit more than a loss, then you do n’t have to worry too much about the occasional early profit and liquidation.
Maintain detailed transaction records

When you start a transaction, you should write down the reason for entering the transaction. This way you can learn lessons and help you when you want to evaluate past transactions in the future. By keeping detailed records and writing down the reasons for entering a transaction, you can learn and improve more quickly. Although this will take some extra time, this training will help you improve your trading level.

You also need to know whether you are ahead or behind your goal in a day, week, or month. Keep these records in a place that you can refer to at any time and be responsible for them. We all know that rethinking the previous transaction will allow you to learn a lot. After you have one month of intra-day trading experience, take a moment to evaluate your performance. Take a look at your own transaction, and then ask yourself this question: If I can re-trade, what different trading methods will I take? In the long run, this will help you to continuously improve your level and become a more successful trader.



yxc

  • Guest
Reply #12 on: May 03, 2020, 05:12:02 AM
This isthe way to get rich in forex trading



Kikler

  • Guest
Reply #13 on: June 27, 2020, 02:08:41 AM
Forex Trader A community of people Trade Forex Forex trading Currency trading Knowledge source News Exchange Knowledge of traders Trader Analysis Forex signal teach EA writing Forex knowledge is here Forex Trader



biggo

  • Guest
Reply #14 on: June 27, 2020, 10:46:11 AM
That makes sense, forex trading is good
Intraday trading guide

In some ways, intraday trading is an extremely free profession. To a large extent, you can choose to work anywhere at any time. Thanks to the advancement of mobile technology and the increasing popularity of mobile transactions, you can decide the arrangement of each day exactly according to your preferences. You can freely choose to work in the office or home, or even choose to work on a trip.

Personal intra-day trading allows you to be your own boss and have full control over your time and money. So at the same time, what are the shortcomings of this work? For many people, having complete control can also be a terrible thing, especially for those who are not good at scheduling and managing time.
How is intraday trading different from long-term trading?

In fact, the only difference between intra-day transactions and other types of transactions is the time plan. Intra-day traders usually hold positions for a day, often closing positions before the market closes, rather than holding positions for weeks or years. Compared with other types of trading, high-frequency intraday trading requires more concentrated attention, because the time period is shorter, and the market may change quickly in the short term.
Things to keep in mind during day trading
Understand your mindset

When trading, pay attention to all the ideas in your own brain. If your ideas start to be "outrageous", then you must take a break. Intraday trading is a difficult job and it requires constant attention. When trading, you need to be self-motivated and stay focused.
Follow your own principles

Self-discipline is one of the biggest characteristics shared by successful traders. You need to be alert to your bad habits. The first thing is to understand your bad habits and resolve them as soon as possible. One way to understand whether you are trading in a self-disciplined way is to develop a trading strategy and then check to see if you are following these principles. Your rules should be well thought out and contribute to your successful transaction.

As an intraday trader, transactions are completed within a short period of time, so it is a good way to reassess your principles at the end of each month. You may sometimes violate your own principles-know that this is inevitable, but you can not develop this bad habit. Try to stop violating the principles you set and correct them in time.
Manage your funds

If you want to become a successful intraday trader, money management is essential. In fact, no matter which transaction method is used, fund management is a necessary factor for a successful transaction. If you plan for a long-term transaction, then obviously you need to successfully use a money management strategy. There are many books devoted to fund management, which will introduce many methods. You need to spend some time to find a method that is suitable for you.

Some traders want to enter into transactions that are expected to double their returns. This is called the risk / reward ratio. If the risk / reward ratio can be maintained at least between 1-2, then the possibility of continued profitability will be greater. Remember, even if you make a profit 90% of the time, if your losses far outweigh the gains, this will not help. Your gain is more than your loss, this is the most important.
Always carry out risk management

When you place an order, do n’t forget to use stop loss to manage risk. This will be your insurance. Before entering a trade, you need to think about how to set a stop loss order. This is a good habit to ensure that you keep thinking about the protection of assets when the market is falling.
Intraday trading mentality

Once you have formed a comprehensive strategy, you must implement it quickly and decisively. When your expected price level has been reached and the prerequisites for trading have been met, then you should quickly execute your strategy, otherwise you may miss trading opportunities, and previous plans and research will be ruined.

You should always stay calm. This is especially important when you suffer losses. Keep calm and react according to your own principles. Think about the worst in your brain, so that even if the worst happens, at least you are well prepared to keep your mind clear.

Don't let the views of other traders influence your trading. Sometimes, other traders will want to share their views on the market with you and provide you with recommendations, but they do not take into account your trading methods. Remember, no one knows your own trading system and style better than you. You know your trading time period and your stop loss settings, so you must stick to your principles. Other traders will inevitably be biased. If you want to get advice, then you should consult a professional who can give advice based on your situation without departing too far from your trading method.

Stay independent. If you find that you are looking for a mobile phone, or if you want to send emails to others for support, then do n’t place an order. You must trust your instincts. Once you have carried out your own analysis and estimation, and come to your own conclusion, then do not question yourself. The key points you set for entering and exiting the market are supported by reasons, so believe these figures, do n’t question yourself, and do n’t rely on others to affirm your views.

When trading, patience is very important. If there is no suitable trading opportunity, do not force yourself to trade. As you gradually deepen your understanding of the market, you may be able to more easily understand when to trade. As your trading experience grows, your intuition will become more sensitive.

Pay attention to the pressure you are under. Intraday trading may bring a lot of pressure because it requires constant attention and self-motivation. You can take time out to rest for a while, a ray of thought, which is also a kind of mental relief. Think about where the transaction is in your life. Too much pressure will adversely affect your trading decision, so if you feel that pressure is increasing, then you better suspend trading and take a good rest. After the break, when your stress level returns to normal, enter the trade again.

When you are trading, you need to flexibly configure your position. Market conditions may change quickly, so your approach must also be flexible. If you want to stay one step ahead of the market, you need to be ready to respond to changes in the market.

Stick to your chosen market and specific time period. In a rapidly changing market environment, these two factors are under your control.

Decisively profit and close the position. If the market trend remains the same after you profit and close the position, please do not regret your decision. Let other traders compete for the final profit. You have already made a profit. Compared with the loss, this is not how much stronger, and you can start looking for the next opportunity. If you are concerned that you will continue to exit prematurely and miss profit opportunities, then you can design a strategy to re-enter the market and test it. As a short-term trader, if you can make a profit more than a loss, then you do n’t have to worry too much about the occasional early profit and liquidation.
Maintain detailed transaction records

When you start a transaction, you should write down the reason for entering the transaction. This way you can learn lessons and help you when you want to evaluate past transactions in the future. By keeping detailed records and writing down the reasons for entering a transaction, you can learn and improve more quickly. Although this will take some extra time, this training will help you improve your trading level.

You also need to know whether you are ahead or behind your goal in a day, week, or month. Keep these records in a place that you can refer to at any time and be responsible for them. We all know that rethinking the previous transaction will allow you to learn a lot. After you have one month of intra-day trading experience, take a moment to evaluate your performance. Take a look at your own transaction, and then ask yourself this question: If I can re-trade, what different trading methods will I take? In the long run, this will help you to continuously improve your level and become a more successful trader.



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1998 Views
Last post July 17, 2019, 06:07:57 PM
by Joseote203
0 Replies
1043 Views
Last post February 03, 2021, 04:38:23 PM
by Vison
7 Replies
1175 Views
Last post February 12, 2023, 06:48:30 AM
by laurenhx2
0 Replies
926 Views
Last post March 09, 2022, 02:00:26 AM
by Josenildo Salustiano
0 Replies
373 Views
Last post July 03, 2023, 12:01:20 AM
by MarthaYork


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.