2nd March 2018 at 6:07 pm #5692
Traders cannot exit the market when they are making the profit. It is hard to get profitable trades and you get that, you do not want to close it. Many traders keep their trades open and they lost money. You should not do that and close your trades when you have made your profit. This article will tell you why you need to do it and how it can make your profit. When you think keeping your trades open is the only way you will get to make big profits, there are also many ways you can do it.
Making a consistent profit in the financial world is extremely hard. If you don’t develop a balanced trading system it won’t take much time to lose your trading capital. According to statistics, almost 90% of the traders are losing money in Forex market. Do you want to become one of the losers in the Forex market? If the answer is NO, you have to educate yourself with the proper knowledge of the trading industry. The moment you start trading the live market is the very moment you start taking challenges. Never think that you will become a profitable trader without learning the basic details of this market. If possible try to find the professional traders who will teach you how to trade this market with managed risk.
Timing of your trade
Perfect timing is very crucial to your trading success. Many novice traders only work to find the most profitable trade setups but things are not so simple. You have to learn the perfect way to close a profitable trade in the CFD trading industry. If you always look for making money, you are not going to learn the art of trading. Try to understand the key way to protect your investment.
The trends can change
The trends can change in Forex. Every time you are placing the trades, the trends are changing. We always tell the traders to analyze the market every time they trade because the trades change. If you think you will keep your trades open because the trend is profitable, you do not know when the trend is going to be over and you will have the loss. Many people think in this way and they keep their trades open. They have a target profit and when they make it, they do not close their trades. They keep the trends open and when the trend is over, they have no time to exit the market. If they have exited the market with their profit, they can have the money in their account. Opening your trades and keeping them open is not how you trade the market. This is how greedy traders trade and lost their money.
The market can be volatile
The trends not only can change in Forex, but the market can also be volatile. Traders like to make money but they do not trade in a volatile market because they do not know where the trends will go. If you place your trade and find that you have made the profit, close the trades and exit the market. You do not need to lose your money if the market is volatile. Professional traders always make money but they do not keep their trades open. They exit the market when they make the profit and make the plan for the other trades. We understand you want to make a big profit in Forex but you cannot do that if you keep your trades open. Exit the market when you can and you will make profits.
Open your trades and close them with profit
Make your trading plan and close the trades when you have made the profit. Exiting the market at the right time can give you profit in Forex. When you open your trades, you do it for money and when you have that money in your account, exit the market.
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