how to maximize profit without TP and SL?

[fmanmub81]

Hello newbie ,how can I maximize my profit in forex trading with the stop loss and take profit?

[Alfokso]

Hello newbie ,how can I maximize my profit in forex trading with the stop loss and take profit? Easy before making your query complex.
Let us say you exchange an account with XXX equity.
You exchange 1 place at once or 33, it does not matter, as long as you feel comfortable and know for certain you ain't going bankrupt.
What you're gonna do?
Let us say you exchange everything under the sun, swing commerce infant, and you come up with 33 positions as mentioned above.
Using a $3000 account, let's say you are going to be fine getting up to 0.01/place in to the market.
If you're fucking awesome and grow the thing 100% up, you are going to wager 0.02/standing.
You get the point. It's an anti-martingale system (wager more if equity develops, decelerate gaming dimensions if shedding ).
It's the most economical way to test crazy things if you're just starting.
Otherwise it is rather hard to crunch all the numbers (profitability. Average win/loss, worst disadvantage, etc) and also figure out the optimum size (with or without a s/l)/.
Yet to talk directly to you, you shouldn't bypass the s/l t/p class. It's helpful, oh yeah.

cheers!

[gemii99]

I truly would not recommend trading without TP or SL, particularly if you are a newbie. Nevertheless, can I ask why you would prefer to exchange without TP and SL?

[Phemn]

Hello newbie here,how do I optimize my profit in forex trading with the stop loss and take profit?
They are not intended for raising profit, but for limiting your trading risks and thus limiting profit.

[jokhy908]

No More SL = recipe for a margin call Earlier or later

[higllychummll]

Never trade with outside SL unless you have a crystal ball which 100 percent accurate with its fortune telling. I mean no SL that not great in any way and is like optimizing your loses. In Currency Market IMO break even is a type of winning, provided that you do not shed, its better to focus on minimizing loses than optimizing profits, smaller gains are better, contentment is the secret, with enough effort you will realize the GOOD benefits in time. Best of luck!

[gemii99]

No SL = recipe for a margin call sooner or later Certainly, no sl will cause a margin call, that's for sure. .

[bammill83]

Trading without a stop loss is a recipe for failure. Moreover, how will you calculate your risk and position size?

[Eimin]

Hello newbie ,how can I optimize my profit in FX trading without using the stop loss and take profit? Do not ever consider to play without a stop loss. You will find a margin call anytime.
Also there are positive outcomes if you use a TP.

[chamliemoag]

Plan your trade and trade your egy. What this signifies is that you want to have put SL, TP and only allow the trade ride out itself.

When you don't have any of these, you can buy and sell based on emotion, which is not fantastic as it may cloud your judgement. While this happens, you may have lots of bad trades, then lose money, therefore missing out on profit and losing more money than you need to.

To maximise profit and minimise losses, make sure you have a trade program and stick to it. If price is moving into positive direction, move your SL to break to prevent losing money. Another example is to open two places on precisely the exact same trade - use on with TP and another with a trailing stop. This way you may also increase your profits.

[mila282]

You need a trading program, and then you have. If the price appears to go over the TP, simply move them in the profit direction, the TP and SL.

[gemii99]

You require a trading program, after which you have certain rules which are applied, based on the situation. If the price appears to cover the TP, just move them in the profit direction, the TP and SL. This is usually where the trailing stop falls in. .

[Migwlilmll27jaen]

in this chart ) May I face to margin call or not
https://www.nigeriaforextrading.com/attachments/15195212931515886460.jpg

[Aphex93]

Hello newbie ,how do I optimize my profit from forex trading without using the stop loss and take profit? There is no such thing. Sooner or later, you will have to decide concerning the level for either one. https://www.nigeriaforextrading.com/attachments/1519521287.png

[Camlllgmm8]

Hi,
I know that is important to utilize at least a stop loss to dont loose too much but what is the best technic to know where to put it. . .everytime I put it too near and my place is closed immediately... do have some guie to know how to utilize it better!
thx

[juanangel97]

Hello newbie here,how can I maximize my profit in FX trading without using the stop loss and take profit? By looking at the charts NON-STOP without blinking... I am joking of course. . I always use SL and TP (SL particularly ) but I'm a beginner. . Maybe seasoned traders don't use them!

[gemii99]

quote By looking at the charts NON-STOP without blinking... I'm joking of course. . I always use SL and TP (SL particularly ) but I'm a beginner. . Maybe experienced traders don't use them! SL and TP are similar to briefs..no one desires to go commando, no matter how er..experienced they are, for we all know the burn factor that usually kicks in when one goes commando. .

[pablolmga]

You do Not have to use SL or a TP. Only exit your orders manually (or use an EA).

@blesssing23: there is not any simple formula to winning trading. If there was, everyone become a trading millionaire, and would use it. But markets are zero amount, which means that for a single trader to acquire, the other must lose.

The only way to achieve success, that I am aware of, is to understand how and why price moves the manner that it does. Invent and employ a system of entries and exits to exploit inefficiencies that are proven.

Forex is an activity where the elite few, who have the experience, the information and the funds, eventually take all the money of the gullible masses, that don't. There is not any free lunch, and no MM-based shortcuts.

[pemepelis]

You do Not have to use a TP or SL. Only exit your orders manually (or use an EA). @blesssing23: there is not any simple formula to winning trading. If there was, this would be used by everyone, and become a trading millionaire. But markets are not any amount, meaning that for one trader to win, another must lose. The only way to become successful, that I'm aware of, would be to understand how and why price moves the manner that it does. Devise and apply a system of entries and exits to exploit inefficiencies that are shown. Forex is an activity in which the elite few, who have the...
Exactly what exactly does the person trader know/know better than the professional trader who work at companies?

[pablolmga]

quote Exactly what does the individual trader know/know better than the professional trader working at businesses? Not certain that I understand your question. Certainly every individual trader's knowledge and expertise is different. Or do you mean something else?

[pemepelis]

quote Not certain that I understand your query. Certainly every person trader's knowledge and expertise differs. Or do you mean something different? You did not know because my english is awful, def not your fault, anyway...
the market has many players inside, I guess most of them are trading in companies, and when I read right, those companies have more info about the market than the individual trader may get. I don't know the details so I can't tell, but I read it someplace. . .Also spread and commission are better for the companies, so the person trader is fighting and uphill battle.
In order to invent a fantastic egy you have to realize what it is you are doing, so you ought to have more info than other traders (since this is a zero sum game), so if companies have an informational advantage, what is your advantage?

[Fumiensok]

quote You didn't understand since my english is awful, def not your fault, anyway... the market has lots of players in it, I guess most of them are trading at firms, and when I read right, these firms have more advice about the market than the individual trader could get. I really don't know the facts so I can not tell, but I read it somewhere. . .Also spread and commission are better for the firms, so the person trader is fighting and stern battle. In order to devise a good egy you need to realize what it is you are doing, so you ought to have more... Hi 4star,
And welcome to FF. I read your other articles and for some reason they remind me 3 years ago. I just do not want you wasting years searching for the Holy Grail of Information, it is an entire road to misery. Accept the fact that you are not more intelligent, we do not have access to World Banks or Hedge Funds. The thing we all have are the charts.

Our advantage is Probability. Does a casino have to understand WHY a 7 is more likely to take place? Or will they make money because it will? The casino is not gambling, it knows it is going to win more times than it loses. That's us.

I'm not going to provide you all the answers. Chart time is essential. Open a demo account, see the charts for a year, and find out WHAT they perform, not WHY they do it.

I hope that this helps,
FS

[pemepelis]

quote Hi 4star, And welcome to FF. I read your other articles and also for some reason they remind me of myself 3 decades ago. I simply don't want you wasting years searching for the Holy Grail of Information, it is a complete road to distress. Accept the fact that you're not more intelligent, we don't have access to World Banks or Hedge Funds. Are the charts. Our advantage is Probability. Does a casino NEED to understand WHY a 7 is more likely to happen? Or will they make money just because it does? The casino is not gambling, it knows it will win... ty for your time, as a newbie I have plenty of query to be answered...
I posted the big ones ...
https://www.nigeriaforextrading.com/trading-system-and-egies/110-bebops-random-calls.html

anyway...
If screentime is what is needed for an effective trader, it doesn't clarify why egy cease to work... if you're watching the chart over and over again you'd understand some patterns, that's certain, but what does guarantee you that what you saw in the chart is a trusted pattern? Maybe a year that pattern that you recognize as profitable was just luck...
I don't know if I am explaning myself correctly... but IMO, you should have something more than screentime... too, if only screentime is needed, you can simply code an EA once you discovered a pattern, then you will become millionarie in a Couple of Years, obv that's not likely to occur...
Certainly my thought Procedure is wrong, so plz correct me

[gemii99]

quote Not certain that I understand your query. Certainly every individual trader's knowledge and expertise is different. Or do you mean something different? Thanks for reacting to Hanover's question, I had to admit I was going to post another clarifiion query..either manner, yes, large firms, the big guys do have access to better information, premium news feeds and the like. As a Personal spot trader, we're left to grunge the trading ground to get scraps..but we can gain access to the same info, a tad later..and as for having the ability to trade profitably, it depends on how we use this advice. .

[aangemsokamvelo]

Although I prefer to believe I Maximize profit, I really don't focus on it too much, I take what I receive. Say I create 50 pips on a trade that I was 80% sure about, but it'could' rise another 30 pips, but I am 40% convinced, I will just take my 50 pip profit and move onto a different trade. Trade setups happen over and over again, so why raise risk if you are unsure.

Why not simply use a trailing stop loss once it's reached your goal profit?