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  1. #1
    Senior Trader
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    Opening and closing positions.

    I think in trading, we should have a clear trading system and professional trading plan. With a clear trading system and plan, I seem it will be easier to know when the right time to open and close position. In addition, and when we should hold our position in the market. If we know when the time to open, close and hold position based a trading system. I think, it can help us to be discipline and consistent in our trading.

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  3. #2
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    I never open more than two positions in a single time. Mostly, I open one trade, that’s because it helps me to watch the market closely and analyze the reason price is moving. I never put extra weight in a losing trade as I can see; it will give me losses mostly. While opening positions in different pairs. I do see the correlation status and if those are very much correlated. I do not open two positions in 2 pairs as that will somewhat mean 2 trades in a single pair, that’s now, I am making myself discipline.

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  5. #3
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    Well, that is very simple and we can close our position very easily according to our decision. Personally, I set my SL and TP positions on support and resistant points. And, I set my opening point according to my trading strategy that I made in my demo account. Whatever, if I get trading signal against market trend then, I never open my trade.

  6. #4
    Kevin Pietersen
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    In Forex trade, both opening and closing positions are important. As I know that, closing the trading positions are more difficult than opening position because, if not closed at right time then trader will lose though he was in profit with that position. So, learning is the best way, to find out good opening and closing position.

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  8. #5
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    Having a regular plan and in accordance with the terms of forex, from participate in the market is more importan.

    As a trader, I believe should be defined following in a trading plan.

    1 - the right time Trade
    2 - law take profit
    3 - Law stop loss
    4 - suitable money management
    5 - Reasons for entering into Trade
    6 - The maximum number of open trades

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  10. #6
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    While trading binary options, I don't have to set closing position. All I need is to predict the right direction of my trades. Even I get a single PIP moves towards my direction, I will be rewarded with High Payouts. This is why I prefer Binary Option trading and CToption give even better payouts on all popular assets up to 90%.

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  12. #7
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    i agree with Andre silva. I used 30 m in time frame. I have tried i just opening one trading. Then open another trading position after closing the trading before. I always get profit. As we know the price move up and down fluctuate. So don't be worry if your prediction contradictory with market price. Be sure that the price will be back and run as you predicted before. So just open one position and waiting until you get profit. It will be need more times of course but you will not lose your money. When you have closed one position so you can open another position following the market trend that time.

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  14. #8
    Senior Trader
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    Quote Originally Posted by Ricard Dorman View Post
    I think in trading, we should have a clear trading system and professional trading plan. With a clear trading system and plan, I seem it will be easier to know when the right time to open and close position. In addition, and when we should hold our position in the market. If we know when the time to open, close and hold position based a trading system. I think, it can help us to be discipline and consistent in our trading.
    I really agree with you! I see, you are continuously adding good posts here! Thank you very much for your contributions. I am sure, I’ll be active more! Thanks in advance.

  15. ARIONFORXtarder
 

 

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