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Options out of Forex trading. Exit trading position
The assumption that operations in the foreign exchange market is the most important thing is to correctly define the entry point to be incorrect. In fact, on the trading result significantly depends on various factors, including the principles of search points of entry, exit, conditions, support, settings, money management and so on.
Today we look at the most popular ways out of operations on Forex. Different variations you can find a huge number, but if you try to distribute them by type, you will be able to compose and closing positions on several groups.
Here are the main ways out of an open transaction:
1. fixing the result of one of the orders (take profit or stop loss);
2. close position by the signal indicator;
3. the exit from the currency of the transaction when the return signal";
4. fix the result with the tool of position tracking.
Of course, only takes into account the outputs of the transactions justified by various conditions, not just the desire to quickly "shut down". Although, among novice speculators common variant, when the exchange operation is terminated because the person could, for example, to seem.
Exit from the transaction on the signal
Imagine an ordinary situation when a person in the work on Forex is the trading system. No matter, there are indicators in his vehicle or not, but in any case, the system generates a signal, for example, at the conclusion of the transaction. Similarly trading system conditions may be prescribed and to complete the operation, and principles of formation of the signal to open positions on its closure should not be the same.
For example, the vehicle trader signals the conclusion of the transaction with the MACD indicator and to exit positions on Forex this system is to use the middle line. On the other hand, TS can use the same principle to the agreement, and to complete, for example, work with two different MA periods are as follows:
It turns out that when crossing the fast average from the bottom up, a trader opens a deal to buy, and the reverse intersection of lines, for sale. The principle of generating signals of the same during the whole time of the trade. In this case, the signals will alternate:
• first signal - concluded a deal to buy;
• the second signal is closed the buy and opened a sell order;
• the third signal to shut down the sale opened for the purchase, etc.
In systems where the principles of open positions and exit trades in Forex are not the same, there will be a situation when we record the result for financial operations, but not yet signal a new agreement. In the case where the principle of generating signals for entry and exit from the transaction only, trader will constantly be "in the market".
Exit positions Forex orders
A stop loss order is one of the most popular ways to exit a trade on Forex. How to put "feet", You can read in a separate review. We note only that the principles set stop loss may differ considerably from each other, depending on the chosen method of trading (I recommend to read the review, there are clear instructions on how to put "stops" working in the market on different strategies).
How to deal with take profit, so it was detailed in a series of articles, the first of which is here. In principle, the closing of the transaction on Forex by using one of the orders is a good way to complete monetary transactions, but provided that You just used in the work methods of position tracking.
Position maintenance allows to "squeeze" out of the transaction all of what she's capable of. For example, you can follow the trend by moving the stop loss order that is often called the trailing stop. If we assume that the trend can be delayed, and to limit yourself to profit does not want the trailing stop runs behind the market, waiting for a reversal that would meet the market price and close the deal.
There are other ways to support currency operations on Forex, as detailed in this review. Tool support for the deal not rarely becomes the cause of its closure, but not always. Imagine that a trader set the take profit = 80 pips, and then began more use of the trailing stop when the price moves in the direction of the order. In this case, if the price is moving without any significant corrections, is able to reach the trailing stop, you exit from the transaction will take place via the take profit order.
Can successfully enter the market, for example by purchasing a certain amount of a currency pair at an attractive price, but out of the Forex deal is not on time, which will lead to low profits or even loss. Closing a position is a very important point in trading on the foreign exchange market is perhaps not inferior in importance to the entry point.
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| Category: Forex | Added by: (05.11.2017)
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| Views: 433
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