5 Take Profit Rules You Need to Know for Forex Trading

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How to take profits in trading? If you still don’t know how to craft your take profit strategy, i want to share with you when to take profit and how to take profit.

In forex trading, it is very important to have a proper TP or take profit strategy so that you can become profitable consistently.

A lot of traders don’t know how to set target price so they do it based on emotions, which is not the right way to go if you want to succeed in forex trading.

I hope that after this video, you will have an idea on how to set your target price and learn how to set a proper take profit order the next time you open a trade.

Disclaimer:

Advice provided in this video is mere recommendation and I will not be responsible for any losses incurred from your investments or trading activities. Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.

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Singapore youtuber profile:

Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.

This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.

It’s also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.

Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.

She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.

Email: karen@karen-foo.com
Website: http://www.karen-foo.com
Facebook: https://www.facebook.com/KarenFooSpeaker
Instagram: https://www.instagram.com/imkarenfoo/

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Music Credit:

Road Trip by Joakim Karud https://soundcloud.com/joakimkarud
Music promoted by Audio Library https://youtu.be/vpssnpH_H4c

We Are One by Vexento https://www.youtube.com/user/Vexento
https://soundcloud.com/vexento
Music promoted by Audio Library https://youtu.be/Ssvu2yncgWU

Comments

Karen Foo says:

How do you determine your target price?

Esti Avisti says:

Once the Stop Loss & Take Profit have been entered and u suspect the market is about to reverse without reaching your TP target, isn't possible to just manually exit the trade by taking the profit wherever it is?

Noel Mgaya says:

Thanks for your lectures I am very interested. I'm learning from Africa at Tanzania I think I will see a success

udit aggarwal says:

does trendfollowing systems work good in forex ?

Donald Trump says:

I don't agree with the 1:1.. I set my SL 1.5xatr and 1st TP 1xatr.. many trades hit 1xatr SL and then reverse..

Gokula Varma says:

Thank you so much mam for accepting my topic request on this topic and Now I get a more clarity do's and don'ts on TP..

Ross Sullano says:

thanks for this wonderful teaching

fari ali says:

Very good dear

osundele joshua says:

Thank sister Karen

Santiago Benitez Rodriguez says:

Como trabajo con velas de 4h mi TP lo situo en el primer soporte o primera resistencia, según este comprando o vendiendo.

Santiago Benitez Rodriguez says:

Please add subtitles to your videos, I do not speak English, thanks

Neil Munroe says:

I have just started trading with a small account about a week ago your videos have been a great help. I appreciate what you're doing.. Thanks all the way from the Bahamas

Muhamet Rusinovci says:

Hhahhahhahaha i listened the whole video and the more you were telling the more i was laughing, becouse the past week was my first weeek of trading and you were telling
exactly the things i did last week hahahahahahaahah

John Tad says:

Karen, do you have a video that tells when to activate trailing? Sometimes during a crazy zigzag moment I do not know when to start it.

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