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    Thread: What will you do if you know a trade will go wrong? (11)

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      Lightbulb What will you do if you know a trade will go wrong? (11)

      If i know a trade will go wrong that time i close my trade and again accurate analysis the market then trade the market. I will do more practice in demo account because practice makes a man perfect. I set the stop loss and waiting.

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      If right from the onset a trader knew quite alright that the trade is very likely to be an unprofitable trade perhaps based on the trader's analysis, then such trade should be dropped so as not to risk our hard earned money unnecessarily.

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      i will take any steps if my trading is not going right . well first thing which i use to do i to relax and watch the market and if i am sure that the market is not going right then i stop my trade immediately and open the opposite trade or I will first analyze the market, prepare for the worst in my heart because I am going to lose at least half of the money, take the account current situation to ask the more senior person in trading Forex, lastly will pray for the best in my Forex trading future after closing the losing trade...

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      We are just mere Humans and we do not have the ability to see the future. Now this throws more light on what a trader needs to do. We should always avoid many mistakes of thinking we know when our trad is open.

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      I think will better if we knows our trades goes wrong we can cut loss early rather than hope in unceertainty, but I think before submit new order we also need to analyze the trend market and figure out our plan trading with implemented risk management and target profit, so if our trades goes wrong already prevented with our stop loss

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      if the trader find that the trade will go wrong then he should close it and wait until find a clear picture of the market then start to trade again, this will be more safe than leaving the trade and face bigger loss.

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      Dear friend if we realize that we have opened a wrong position then we must close it immediately as sooner or latter we have to close it to protect our capital so we must do it when loss is small.We can get lot of more earning opportunities in market,so we must never wait for the market to come in our side rather close the wrong trade and wait for another opportunity to make profit.Both profit and loss are parts of trading so we must learn to accept them.

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      i think that if we all are going to be successful in this business hen we must try as much as possible o allow he spirit of give and take to dictate our actions, we can not be right all he time in his business so if i know ha a trade is going to go against me, having done he wrong analysis, hen i will be better cut i off and look forward for a beer opportunities which i am sure must come later.

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      when i will be know it i set stop losses because only so i can minimize my risk and my loss on market, and only so i can be more successful in future, very important is know control your emotions and you must know obeyand trade on market with rules, when you know use money management rules is very good use it for minimize your risk and too you can so maximize your profit

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      We are not perfect and that is why we cannot always get our analysis right all the time and we can even make a well done analysis and still end our losses and that is because the forex business is filled with uncertainties and these things will make us confused at time when we trade

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