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    Thread: How many pips difference you keep between 2 deals? (Part 2)

    1. #41
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      actually i do not look at the pips difference before trading i just look for the opportunity to trade and when i see that then i open my order. this is the way i trade and i have been able to make some money like this and i would like to continue trading with the same idea as well.

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      you means bid or ask ??? i think that is broker commision and all broker set this by their own self and trade can never be changed it so i think this bid or ask is broker profit becoz they set buy and seller to one while when you open trade trade open in negative which is broker comsioon

    4. #43
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      I think this strategy is very dangerous. If you continue opening positions in the same direction and the price starts a strong trend then you will risk large portion of your account. I have seen this happen. The trader kept opening positions but the trend kept on going in same direction and he had something like 15 - 20 position. This wiped out something like 25 - 30% of his account. This may be good for ranging markets but it's still risky.

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      I usually trade with support and resistance level so when I open an order with the aid of support and resistance, I will place my take profit at the next support and resistance point because I am certain the market will reach to that point or more before it will retrace, sometimes the take profit will be 10 pips, sometimes 20,25,30,50,80 pips, because of the support and resistance point I don't have a fixed set of take profit.

    6. #45
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      This is the general strategy. Look, if you want to earn biggest money in Forex Trading, then you need to make risky strategy can easily convert your balance into higher profitable amount. Different traders make different strategies with the help of charts, indicators, tools, news, experts opinions and technical reviews etc. We always tried to use Bollinger band as a best indicator for our profit.

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      It is a two way thing that can lead to the earning of good profit or terrible losses, to open two positions in a single currency pair can give us great money, but I rather seek another trading opportunity elsewhere, that is like diversification of my investment, this is my personal approach.

    8. #47
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      This is important that we should need to have a interval between each trading positions and that should be minimum of 50-60 pips . The forex market may move in some points and then it may be bounced back from that peak, when there is not a strong trend. So, we can open another position there and wait for that maturity of that trade. So, we can make money from this wonderful business.

    9. #48
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      More than 50 pips. After taking an entry I wait if the trade goes negative then I open another trade. Sometimes I do not open just hold my previous one. Strategy different for different trader but I follow mine and stay strict with it. It is better not to trade multiple trade on same pair. If we keep taking multiple trade then we may lose our account so quickly.

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    11. #49
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      i do not try to edge my trades because there is absolutely no need to do that , if i am loosing a trade then so be it because i am not suppose to win at all times so i will accept the loss and move on with my trade because that is not going to stop me from making more money from the forex market .

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