Forex trading is a process, it all started from the point you enter a trade to the point you exit it. Whether you are going to be profitable in your trade depends entirely on the whole process. The problem with most traders is they are very concerned about their entry and they are always in search for ways to give them better entry.
In fact, the main reason why most traders are not profitable is because of their exit strategy. Having a good entry is only half the battle done, you need to have a well plan forex exit strategy in order to be able to keep the profit that you have generated instead of losing it back to the market as it retraces.
Therefore in this post, I will like to share with you several of my forex exit strategies. Your exit must always be realistic; there are traders who are greedy and always wanted to hit a high profit which is usually unattainable. On the other hand, there are another group of traders who often cut short their profit as they are afraid that the market might take it back from them.
In fact, the main reason why most traders are not profitable is because of their exit strategy. Having a good entry is only half the battle done, you need to have a well plan forex exit strategy in order to be able to keep the profit that you have generated instead of losing it back to the market as it retraces.
Therefore in this post, I will like to share with you several of my forex exit strategies. Your exit must always be realistic; there are traders who are greedy and always wanted to hit a high profit which is usually unattainable. On the other hand, there are another group of traders who often cut short their profit as they are afraid that the market might take it back from them.
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