Why I Don't Use a Take Profit When Trading Forex: Pros & Cons

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#forex #stocks #trading
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Comments

Keto Diet says:

How come you don’t play take profit + a runner. Play your method when you are entering on a reversal trade. I think most trades shouldn’t be played this way unless it is reversal.

NYAKEGO MATHEBULA says:

That's the method which I'm considering to apply on my trade's,,, because some other time the market will just sprint even without pullback for opportunity to enter,,, i am big fan it big reward than winning rate,,, thanks for sharing this wonderful information,,, I'll put it to practice

peter A says:

thanks Nick! appreciate it

El chapo De king says:

I also started using this method and it has really started working for me

iamDervy says:

I take partial profits as soon as it reaches 1:2 and IF it continues then I continue taking partials until I either ran out of partials to take and then start moving my sl

Nima Abdi says:

I love you Nick

Muiruri Rylo Ryan says:

Thanks Nick. Tried this but am always stopped out, then it goes my direction. Good thing is I get a little profit. Getting better everyday thanks to you. Am really greatful

Edwin Conroy says:

Nice vid!
I personally take two positions each trade. One with a take profit. The other without. And I trail my stop. If I'm only risking 2% on the trade I'll risk 1% on each position. I also use mainly indicators and I have one that tells me to get out

Adeniyi Emmanuel says:

The two methods comes with pros and cons,with trailing stop, we often give back our profit back to the market, the so call break even, the chart will not do crazy trend all the time

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