Foreign exchange trading: Today, let's talk about the take profit strategy. How much is the take profit satisfactory?

We all have an expectation before placing an order. How much am I going to earn on this order? For example: Many articles will tell you that take profit must be more than stop loss, such as a ratio of 2:1, or a ratio of 1.5:1. I risk losing $50 and have to earn at least $100 to be worthy of myself, right? Or if the stop loss is set at $50, if the take profit is 10 yuan, this is a loss-making deal.

In fact, this setting is no problem. In probability, as long as you can achieve an accuracy rate of more than 50%, you are guaranteed to make money. But after all, this is still at the theoretical level.

• Can you guarantee a 50% accuracy rate?
• Can you shut down after setting take profit and stop loss?

Mostforeign exchange tradingMembers will not be foolish and wait for the price to hit stop loss and take profit. It is very normal to leave the market early. So don't imprison yourself in a fixed ratio, you must be flexible. And I believe that leaving the market early is much safer than carrying a list, at least not at a loss.

Many times you subconsciously tell yourself repeatedly that because you have set a stop loss of $50, you need to take a profit of $100 to position squaring. At this time, you often ignore the market changes, and the result is that the market reverses, and you think you can make $100.

Until you start losing money, you still fantasize about earning $100, but you refuse to cut the meat. How much you could have earned, but now you don't have it. I'm not reconciled, I regret it, that won't work. I have to insist. I have to wait for the rebound and fall into the process of brainwashing myself. At this stage, you are fighting the market.

And I believe everyone will have this mentality, what's the point of me using $1000 to make only $10 a day? That must make enough $100. So according to this idea, with $10,000, to make $1000, 100,000 dollars must have a $10,000 profit. Ah... You are good at math, do you have the final say on how much you earn? Did you draw the candlestick chart? If every transaction can be profitable with a simple multiplication like this, then we don't need to learn division.

So our profit strategy is not to be greedy for more profits, whether you use 10,000 dollars or 100,000 dollars to trade, once you find that the market is wrong, whether it is a few dollars or dozens of dollars to take profit, first position squaring. Often when you are hesitant and still multiplying, the market has already taught you to be human. Even if it is only a dollar to take profit, it is better than a loss.