Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers pcm brokers
Results 1 to 9 of 9
  1. #1
    Administrator
    Join Date
    Mar 2015
    Posts
    296
    Post Thanks / Like
    Credits
    315
    My Language
    English

    Are you sure that if you can use SL you can take profit?

    Stop loss is main objective to help the Forex traders control and minimize his losses not for getting profit. Really, Forex trading is very risky business and we have no idea when the market traps occurs. That’s way, to protect traders trading capital from further losses he or she need to use stop loss to limit the exposure of his trading account to margin call situations.

  2. #2
    Senior Trader
    Join Date
    Mar 2015
    Posts
    428
    Post Thanks / Like
    Credits
    137
    My Language
    English
    Actually, Stop loss is use to avoid the market adverse condition. Besides, it is mainly used to save the trading account from breakout. But, the trader needs a clear idea to use the stop loss because all SL should be positioned at the good point. Otherwise, you may lose your money.

  3. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    419
    Post Thanks / Like
    Credits
    126
    My Language
    English
    Quote Originally Posted by Steve nison View Post
    Stop loss is main objective to help the Forex traders control and minimize his losses not for getting profit. Really, Forex trading is very risky business and we have no idea when the market traps occurs. That’s way, to protect traders trading capital from further losses he or she need to use stop loss to limit the exposure of his trading account to margin call situations.
    If I use stop loss that’s not mean I am sure that I will get profit in trading, this is a probability game and we won’t win for each and every chance. That only mean, I am ready to accept my loss in the stop loss level. This is my tolerance level to a loss. But at least although I don’t get take profit. I will get the high loss.

  4. #4
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
    Post Thanks / Like
    Credits
    150
    My Language
    English
    Quote Originally Posted by Marcus Reilly View Post
    If I use stop loss that’s not mean I am sure that I will get profit in trading, this is a probability game and we won’t win for each and every chance. That only mean, I am ready to accept my loss in the stop loss level. This is my tolerance level to a loss. But at least although I don’t get take profit. I will get the high loss.
    I am not interested to compare Forex business with any other job or business! Because, Forex is different! You can’t make money here until you have a good trading skill, your healthy trading capital will not be enough! Even, many traders have such a long time trading experience like 4-5 years but till now they are struggling!

  5. #5
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    135
    My Language
    English
    Quote Originally Posted by Zachary Davis View Post
    I am not interested to compare Forex business with any other job or business! Because, Forex is different! You can’t make money here until you have a good trading skill, your healthy trading capital will not be enough! Even, many traders have such a long time trading experience like 4-5 years but till now they are struggling!
    Yes I agree with you! There is no money making guarantee here! By the way may I know your current status of trading? I mean your current position.

  6. #6
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
    Post Thanks / Like
    Credits
    150
    My Language
    English
    Quote Originally Posted by Andre Silva View Post
    Yes I agree with you! There is no money making guarantee here! By the way may I know your current status of trading? I mean your current position.
    Well, I have almost 7 years trading experience; frankly my 1st years were horrible! I invested my capital too early, as a result so many MC’s. By the way, right now I am making 8-12% monthly return (in average). Please note, I don’t have any specific monthly target.

  7. #7
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    135
    My Language
    English
    Quote Originally Posted by Zachary Davis View Post
    Well, I have almost 7 years trading experience; frankly my 1st years were horrible! I invested my capital too early, as a result so many MC’s. By the way, right now I am making 8-12% monthly return (in average). Please note, I don’t have any specific monthly target.
    Thank you very much for your quick response! 7 years, it’s really such a long time! Another question, do you trade based on technical or fundamental? Or both?

  8. #8
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
    Post Thanks / Like
    Credits
    150
    My Language
    English
    Quote Originally Posted by Andre Silva View Post
    Thank you very much for your quick response! 7 years, it’s really such a long time! Another question, do you trade based on technical or fundamental? Or both?
    To be honest, when I was a new Forex trader then my intention was only on the technical analysis. Then I found, only technical analysis is not enough here, then I started to work with the fundamental; right now I filter out my entry & exit points according to my technical as well as fundamental analysis.

  9. #9
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    135
    My Language
    English
    Thanks again, I think that’s the standard way! By the way, till now Price Action trading strategy is my major! In addition, during the high voltage news session, like FOMC, NFP I close all of my trades! During the fundamental events, there is no use technical tools.

  10. ARIONFORXtarder
 

 

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 02:34 PM.
CompleteVB skins shared by PreSofts.Com