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  1. #1
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    Default Do You Always have Plan B?

    Do You Always have Plan B?
    I often wonder while trading if something goes wrong with my strategy there have to be something that is should adopt to lessened my losses. So, I've come up with this question that Do you guys (traders) have a plan b ?
    I have a plan B and its called Hedging. I use it when my trades go against my plan A. It does not protect you from losses but it can maintain your loss at a certain level. You can think of many and select the one that suits you best. Share your plan B.

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    Investor CahCuncun's Avatar
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    Of course, i have plan B. We must be ready if our plan is not according with the real when trading. We also must know that market can not be predicted with certainty.

    TenkoFx Rebate System

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    Senior Investor Uncle Gober's Avatar
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    I think everybody must have plan B. But First you should fully concentrate on your plan A. If you have fear in you heart then it means that you have already seen half of the failure. So you should be very confident and brave enough to bear the loss and never give up. Try your best to make your first plan a successful one.

    Let's Try MYfxbook AutoTrade : Choose a trading system and trust your funds to carefully picked strategy

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    Yes, I have plan B and itís simple and straight forward, it starts up with OctaFX broker with their thrilling rebate service which runs as cover up for me where I get 15 dollars profits per lot size trade and that has helped me so much especially in tough situation where I am not sure. It has given me confidence that I can trade the way I wish without much trouble and thatís possible only because of this lovely rebate policy they have.

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    I think every trader must have plan B because if his plan a fails then he can use his plan B and can survive in Forex. I have account with my broker Forex Metal and they help me a lot in Forex trading to succeed.

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    Senior Investor Rahul247's Avatar
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    Plan B is actually not important because you need to focus on only 1 thing.

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    I'm developing plan B when I'm close to losses. It happens usually like this: Fresh Forex sends me an sms-notification when my margin is below 100%, I check the chart out and most of the times I refill the balance, moving target away. Though it's more tactic than strategic corrections, I still should develop another plan.

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    I don’t really always have B plan, but having enough experience is something that can always work as your backup plan and this is why experience is such a massive requirement to succeed. I am working with FMbinary broker where I get 100% support especially with their free demo account, it’s easier to train yourself here and that always leads to success for me while it’s absolutely free, so I can try my luck over and over again without much fear.

  10. #9
    Senior Investor Rahul247's Avatar
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    Plan B is a must for all the traders, you cannot always win in the Market, sometimes you can lose as well, you needto have a Plan B

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    Rahul you said it very well, it’s not possible to have one way traffic in any work, it is important that we accept both side of the work as that is the only way we will succeed, if we are not good at accepting losses then we should never accept success as well. As I said above experience should be one of the best plans to take us out from worst of the cases and that’s what is with my case while it gets only better once you know that you have got quality broker like me with FMbinary.com.

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