Simple Tricks to Make Exit Strategy Plan in Forex Trading – Getting profit from Forex trading must be very interesting for every investor. But then, that will be a problem when the investors are not ready with losing money in Forex trading. In fact, Forex market is full of uncertainty, and the investor must have creativity to make exit strategy plan when emergency condition happen. These are the simple tricks for smart investor.
Starting a transaction means you have to be ready for the worst possibility of it. Even losing some money could be normal in Forex trading as long as you already know how to overcome the problem.
About the risk that might appear during the time you do transaction, here is some important fact for the investor:
– Set Your Own Loss-Value
Every investors always have their own tolerance of loss value. When starting transactions, setting your own value is very important. Because this could be a base for investors to start or to stop he transaction on Forex Market.
– Stop Immediately
When emergency condition happen, that will be better if the investor stop trading immediately. This is one important step to avoid bigger loss. When loss value already reach the risk tolerance, stop trading for a while until the value come back again to normal or even higher.
About the value of risk tolerance, the investor have to count about 25% from the total amount when starting Forex trading. After the loss reach 25% value of it., highly recommended for the investor to stop trading for a while, and wait until the condition is getting better.
– Stop Being Emotional
Forex trading is also about prediction of some uncertainties. To get the best result of it, the investor have to stop being emotional in every transaction. If investor find lower price of trading on that certain day, do not be very emotional and sell all you have got.
When the price are getting higher, do not be very greedy and buy as much as possible. That is not good, because the condition can change every time and when it happens, you will get a great amount of loss. If the price get higher and lower on a period of transaction, you have to wait and see. Decide every step calmly and see the condition every day. If i tis getting worse, that is okay to stop trading for a while. Be wise when decide a step and avoid being so greedy when you get a big profit from Forex trading.