Right now I haven’t made a great deal regularly trading the forex markets but I haven’t been trading them on a regular basis either. I would say I’ve been guilty of cashing out too fast when profit is there to be taken and on the othletting losing trades - so run in the hope I’m proved right, we all wanna be right after all.
I’m right more than I’m wrong, it feels like and this leads me to believe I’ve in the past lacked the disapline.
You know the disapline needed to set both proper stop loses and profit targets - everything you need to do, from the get go, to make sure your risk - reward ratio in your favour. Personally I’m in the favour of eeping a set stop loss until my -take profit- target has been hit, then having a trailing stop loss in place.
But I’m not sure if that be done in Meta trader, I’m sure I read some that it can or maybe each stop loss needs to be adjusted if/when the take profit/target has been hit.