when to exit a trade

[Gerald Davydov]

Exit from a trade depends on your trading strategy. It is also a part of your strategy. For scalping some people target very few pips. For long term trading risk reward ratio, support and resistance and many aspects are there to decide. Sometimes market situation demands an early exit.

 

[William]

I agree with the above mentioned. The main problem of lots of traders is the fact they can't leave the trade in due time, which results in some losses, often considerable ones.

 

[Derzi]

There is nothing to add in particular. I can only say that if you quit trading at the right point in time, it will be possible to avoid big losses and, therefore, to mitigate risks.

 

[Kuranis]

Well, when you open a deal on trade strategy you need to know when and how to close it. And you also should set a "take profit" to close it automatically.

 

[TiongeEdi]

You should take an action to stop your trade when losses reach more than 30% of your funds.

 

[Tom Latham]

You should take an action to stop your trade when losses reach more than 30% of your funds.

I really liked your idea; suppose if a trader uses 1% risk reward ratio, that means he needs to face consistent 30 SL’s to face 30% damage; that’s the real advantage of working with low risk reward ratio.

 

[bolide]

It is a difficult part of the trading and many traders do this mistake most often. We need to work more on the exit point rather than the entry point. Fibonacci is a great tool in thia regard as far as I think. What do you people think about it?

 

[Tom Latham]

It is a difficult part of the trading and many traders do this mistake most often. We need to work more on the exit point rather than the entry point. Fibonacci is a great tool in thia regard as far as I think. What do you people think about it?

Yes, fibo is a very useful part in this case! On the other hand, you can work with the support/resistant levels.

 

[LouBega88]

But, here is traders are failure mostly. Some traders like to avoid trading risk whereas some are willing.

 

[Alexander Hudson]

Spread is one of the approaches by which a broker derives its profit. So, lower your leverage and use low-spread trading pairs.

 

[Eduardo Lucchese]

Market analysis is essential for predicting the market well. Learn how to use analytical tools properly to generate market signals.

 

[Svetlana Loboda]

the risk management its all about to reduce risk ratio to avoid unfortunate risk and losses.

 

[Oscar Shumack]

Traders should go to every length to develop his trading style. Traders should adopt different approaches when the market runs adverse.

 

[Anie]

I typically close a trade when a position reaches a stop loss or take profit level that I have set.

 

[Madison Lopez]

The trader's plan determines when to exit the trade. That depends on the strategy being used by the trader. However, a trader must always trade sensibly and exit when necessary.

 

[Crumple]

Defining the right exit point is very important in order to cut out unnecessary losses. You should consider the market conditions while deciding your exit level. If the market is trending downward, you may want to exit a trade sooner than you would if the market were trending upward. You can wait for moments.

 

[Bahiya Shinam]

One of the phases of self-development is to avoid over and over mistakes. It will grow confidence in you.

 

[SaadBinToha]

The market is saturated with numerous trading brokers but majority of them lack regulation.

 

[Karley Walker]

To understand Forex, knowledge of global economy is needed. It is a decentralized market where more than 4 trillion transactions take place every day and broker works as an intermediary.

 

[Gito Dinev]

Those who have large amount of capital feel insecure with low secure trading brokers and they don’t want to start with those brokers.