Thread: how to maximize profit without TP and SL?

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.

Originally Posted by ;

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. .

in this chart ) May I face to margin call or not

Originally Posted by ;

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.

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

Originally Posted by ;

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!

Originally Posted by ;

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. .

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.

Originally Posted by ;

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?

Originally Posted by ;

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?