how do I maximize my profit and minimize loss?

[fmanmub81]

'm a new trader and I would want to understand how I can optimize my profit and decrease my loos, can some one please tell me the way to go about this? Thank you very much.

[oxxyo1]

Additionaly to exactly what david_akc said I find it generally a good idea to construct positions as time passes and lock my prospective winners in by moving my stop loss in the winning zone (or using an automatic trailing stop). Enter the trade with a sensible volume, ones you are at the winning zone buy some more, wait a bit, move your stop loss and so on ...

If the trade goes wrong early in the trade your losses are low as your quantity was low and over time you end up with a bigger position but without exposing you to a increased risk of loosing money.

[aangemsokamvelo]

A good method I discovered for optimizing profits is by having a trailing stop loss once it has reached my goal profit.

By way of example when I reached my goal profit but believed that it could potentially grow higher, and I could make more of a profit, I'll place a trailing stop loss at that point, so in case it goes up I make money, and if it drops, the cease closes out it automatically.

[pkoxs1936]

Sell half your transaction as it's as much in pip profit as it will be a loss once it hits your SL, then participate profits if your trade keeps moving.

[elenanipkgelbllqwvemge]

Am a new trader and I would wish to know how I can optimize my profit and minimize my loos, can any one please tell me how to do this? Thank you very much. http://www.investopedia.com/terms/r/riskrewardratio.asp

[pablolmga]

Concentrate on learning how and why price goes, and you'll make money.
Focus on how best to make money, and you'll go nowhere.

[jooxn57]

Am a new trader and I would want to know how I can optimize my profit and decrease my loos, can anyone please tell me how to do this? Thank you very much. Try to be profitable before you think about max profit.There is slight difference.
Before you conduct learn to walk without tripping on each step.
In short like Hanover said focus on the why's. New traders think about profits experienced pro traders always think about Risk first.Control risk you have an advantage and without advantage don't even think about profits.

[gemii99]

A good method I discovered for optimizing profits is having a trailing stop loss after it has reached my target profit. By way of instance if I reached my target profit but believed that it could potentially rise higher, and that I might make more of a profit, I'll place a trailing stop loss at the point, so if it moves up I make money, and if it drops, the cease closes it out automatically. This is exactly what we all do and as for maximizing profits and minimizing loss, check out for patterns, pay attention to PA, . .what Hanover said is spot on.

[chamliemoag]

My best advice would probably be to just trade setups which you have absolute conviction with - i.e. setups you're nearly sure are likely to go in the direction you intend it to.

How can you estimate this? Confluence. The more confluence you've got on a setup, the more assured you're. If you're wondering if a specific setup ought to be entered, chances are that it isn't great and you should not enter it.

[emikaluisa]

Focus on learning and why price goes, and you will earn money. Focus on how to generate money, and you will go nowhere. Great point! One addition, though. Once you've learned just how and why the price goes, get in the practice of increasing your position once the price starts moving in the direction of your initial trade. You can try cost-averaging on your way down, but you're likely to wind up in the gutter emotionally and financially. Habits are really important in trading so that you have to make certain not to get a lot of bad habits even though you're learning. The practical side of the information is that you will need to take fewer trades then you'd enjoy and keep a journal for every transaction you took.

[bammill83]

'm a new trader and I would wish to understand how I can optimize my profit and decrease my loos, can any one please tell me the way to do this? Thank you very much. 1. Learn price action, support/resistance and volatility breakouts.
2. Learn position sizing and never risk more than 1% of your account on a single trade before you are sufficiently experienced and positive.
3. Concede that price cannot be predicted and the market can do anything.
4. Learn to take losses as readily as profits.
5. Be patient, disciplined and organized.
6. Never stop learning from your own failures.

[Eimin]

Good money management, high probability trading setups along with the field are the keys to attain far better results in forex.

[loliglcf]

To maximize profits, then we just need to continue to hone the skills of a good trading in Order that we more Sophistied analysis Abilities and we Have to Be able to use SL and TP when Investing to Reduce the risk well

[femyile3]

Change your leverage to 25:1 to Quit overtrading

[vicpkmayquilwz]

I concentrate on subject to be patient to wait for perfect entrances so that I dont find yourself in the middle of a ranging market. I also move my stop inside 32 pips of the current price when I am in profit so that I break even (if the market reverses) or even obtain the most amount of pips that the market gives out that day. Doing this, I usually average about 75 pips per trade. That is an average from trades which I broke, lost 5 pips or so, or profited over 150 pips.

[eugeniobexxvem]

These are easy questions with complex answers. However, you can begin by studying and practising. Study the theory, then practise it on a demo account. Figure out what egy suits you the best. Find out a trading plan. Learn about good money and risk management. Learn discipline and self-control. So on, Etc.

[Amibolo]

1 way to maximize profit and minimize loss would be to strictly only enter trades which have great risk reward ratio. Prevent trades with bad equivalent risk reward ratio.

[loliglcf]

Forex is a business which has a lot of risk and we cannot separate the Foreign Exchange loss and consequently we have to be able to have a good risk management that will make us able to minimize the loss nicely. We should always use the SL and TP when trading

[Pilaympasagas]

By sitting tight - carrying longer with the prevailing trend and momentum. If your risk is 3 pips afterward hold with the trend for maybe 10 or more pips for a fantastic R:R.

[Imokk]

Please, don't invest more but you need to boost your trading skill for greater earnings! 1st of all, you need to comprehend your strong point, such as in the event that you've got good understanding on technical analysis, then spend more time on technical analysis then proceed for news analysis and others relevant sector of trading, and attempt to maintain a trading diary!

[Heikki]

You need to use higher profit ratio such as 1:3, 1:4 even more! It is not easy task but not hopeless! Moreover, if you have the ability to ride a fashion at first stage then it would be very possible.

[Kanija78]

You have to open your transactions! You can expect a TP position. In addition, always attempt to set your SL below/above the support and resistant levels! Hope that this helps you.

[Oxmiiipumiii28]

You've got to start your trades in the early stage of a trend! Then it is possible to anticipate a wholesome TP position using a small SL. Additionally, always try to set your SL below/above the support and resistant levels! Hope that this helps you. I concur. The dilemma is that a lot of traders don't recognize the early stages of a new trend and think it's a correction of the opposite tendency. The simple fact that there was a change usually becomes obvious when it is too late to start new positions.

[chuskybokipk]

Nobody can tell you how to leave with more profits or exit at the summit of the trend.
Perhaps you have read Trade Like A Casino by Richard Weissman?

There are a list of checklist that question your comprehension of your system. If you're a newbie. Search for a mechanical trading system that has an overall profit rate.

Just when you're profitable and trading for at least 3 decades or whichever comes first then you're given the permission to exchange optional.

Look out for patterns that repeat itself over and over again.