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    Thread: As a new comer on Forex, what you will do when you will see a trend going against from your current trades?

    1. #1
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      Default As a new comer on Forex, what you will do when you will see a trend going against from your current trades?

      specify your answer briefly please


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      I am not a new comer in Forex trading but what i did back then when i was a new comer in Forex trading was to just be wishing and praying that the trend reverse in my favour but not any more as i have learnt to manage my risk effectively by placing my stop loss effectively and using a strong money management strategy.


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      I shall wait if there is indicator for trend in my favour but if there is no indicator in my favour I may exit trade to avoid more loss.


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      Greetings, dear dear friend ...
      Regarding the trend that is contrary to our analysis, it should not be so problematic if we have a plan to trade, what is meant by trading plan is to know the risk we are trading, how much we will lose if our analysis is not appropriate, namely by placing a stop loss of 3% of our capital and you should never fight the trend if your capital is still too small.
      That's a simple answer in my opinion if it happens running around with the trend
      Thank you, hopefully you can help


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