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In forex,entry is easy but exit is quite difficult

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Mar 08, 2013 02:19 pm
#1

Antworten: 12
Member since: 22/02/2013

in forex, to enter a trade is very easy but to exit the trade is one of the most difficult decision to make because you have been overcloud by your emotions, you no longer want to allow the trade to work to your trading plan but to your expectation. Greed is the number one reason why we don't exit trade on time, we keep moving our stop loss and take profit inorder to lock in more profit.

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Mar 08, 2013 08:30 pm
78611092 User

Antworten: 7
Member since: 08/03/2013

in forex, when we place a order so we just calculate the pipe and lots to invest but when have acheived our expected pipe so we think that: I have taken the risk so why i tak one more risk inspite why do not i increae my target of pipe, just becuase of this type of thinks i have got two time bankrupt. it is very easy to open a order but to close the order is it very difficut.

May 04, 2013 05:12 pm
Jogi User

Antworten: 685
Member since: 06/06/2011

Originally posted by taniaislam09

in forex, to enter a trade is very easy but to exit the trade is one of the most difficult decision to make because you have been overcloud by your emotions, you no longer want to allow the trade to work to your trading plan but to your expectation. Greed is the number one reason why we don't exit trade on time, we keep moving our stop loss and take profit inorder to lock in more profit.

http://www.forex-metal.com/affiliate/47698/1



Beginners open a trade based on high-profit expectation. If they start loosing, they hope for a comeback. If they start making profit then either they will immediately close trade which limits profit or, in rare cases, they will keep it in hope for "more and more and more". 

But advance traders use pre-determined strategy for entery and exit. 

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

May 05, 2013 06:14 am
illiterate User

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Member since: 21/04/2011

Entry is not at all easy unless u r gambling. Most of the times it is confusing to predict trend so entry becomes difficult. I think both, entry and exit, r equally important and equally difficult.

https://www.fxstat.com/widget/link?t=medium&c=1&s=25892&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jun 04, 2013 04:04 am
ironical User

Antworten: 734
Member since: 22/04/2011

When trading forex, both entry and exit are tricky. Usually newbies enter without doing much analysis. They exit when they see loss. If you r analyzing every trade carefully then both entry and exits will be calculated.

The good or ill of a man lies within his own will. – Epictetus

Jun 09, 2013 12:28 pm
pabonbd10 User

Antworten: 3
Member since: 09/06/2013

As soon as investing forex trading, both equally admittance in addition to quit are usually difficult. Generally newcomers key in without performing a lot research. That they quit after they notice damage. In case you 3rd r analyzing each and every buy and sell carefully next both equally admittance in addition to leaves is going to be calculated.

Aug 15, 2013 01:25 pm
Aseel88 User

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Member since: 29/07/2013

well I think that both entering and exiting a trade is a tuff decision, but after all you must stick to your plan (strategy) and never let your greed take over and run your trades for you, coz you might get lost on the way.

http://www.fxstat.com/widget/link?t=tiny&c=7&s=19487&o1=growth&o2=drawdown&o3=monthly&o4=equity

Aug 16, 2013 07:25 am
Batool22 User

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Member since: 29/07/2013

You can not let your greed take over your mind in forex trading,,,, only beginners might fall in that hole

Aug 16, 2013 09:03 am

Antworten: 72
Member since: 14/08/2013

I think that both are hard decisions; entering a trade and closing it, because you can never be sure of winning a trade once you've started it and you might hesitate in closing a deal if it keeps winning.... it is a dilemma

 

https://www.fxstat.com/widget/link?t=tiny&c=7&s=18995&o1=growth&o2=drawdown&o3=monthly&o4=equity

Aug 16, 2013 01:21 pm
AbuRomman User

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Member since: 14/08/2013

If you put in your mind that you'll keep looking for more and more profits and searching for the maximum hit that you can reach, it will be a hard decision for you indeed, and might get stuck thier waiting...!!!

https://www.fxstat.com/widget/link?t=small&c=1&s=18986&o1=growth&o2=drawdown&o3=monthly&o4=equity

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