Currency Trading: 3 Tricks To End Premature Exiting Of Trades

One of the biggest problems inexperienced Forex traders have is managing the trade when real money is on the line. Before the trade, they follow the trading system rules for entry and are calm and rational. But after the trade is placed, and real money is at risk, they let emotion take over. As a result, they often exit trades at times not based on the system, but out of emotions like fear and greed.

Imagine getting into a trade and going into profit. You are not at your take profit level, but you don’t want to lose the money you already see, so you exit the trade early. Or, let’s say the opposite happens, and the trade goes against you, so you exit the trade early before the stop is hit. In a lot of cases, price continues to your original price target, or turns around and goes profitable, which means you lost money by exiting early. In either case, you were not following your trading system, which is not a good thing. I’m going to go over three ways you can keep from letting emotion take over which makes you exit trades early.

In the first scenario, the Forex trading system you are using sets a stop loss and has one take profit level. So, you place the trade and set the stop loss and profit target in your trading station. The best thing to do now accepts the risk you have in the trade and let the trade play out one way or the other. Walk away from the computer if you must. At this point, watching the chart is valueless and will only lead to a roller-coaster ride of emotions. At this point, you should either walk away or go to other charts looking for other setups until the trade either hits your stop loss or hits your price target.

Trading

In the second case, let’s say you are using a system where you place the stop, but your exit target is defined by something that happens on the chart, as a signal in the opposite direction. In this case, you need to watch the charts see when to exit, so you can’t just walk away from the computer. In this case, I would click on the Terminal Window so it goes away and you can’t see the pipes or money in the trade. This way you can make decisions based on just what you see on the chart, without having your profits tempt you to exit early.

In the third case, you are using a Forex trading system where you set your initial stop loss, but you plan on moving your top and taking partial profits at predetermined levels. There is a lot of management for this type of trade. To make this easy and keep emotions out, you can use a Trade Management EA, which does everything for you on autopilot. At this point, just let the Trade Management EA take care of the trade management and walk away from the chart.

The pros on buying ecigs online vs store

Ecig or Electronic Cigarettes are very popular among today’s smokers. This is quite a new product that is here for few years, and it’s said to be healthier than the real cigarette. It’s actually an electronic device that focuses on vaporizing a flavored liquid. So first things first. This liquid in cigarette is sometimes called e-liquid and it’s made of nicotine of course, glycerine, propylene glycol and flavorings which are optional. We know that ordinary cigarettes are not healthy by any means, but about these cigarettes we don’t certainly know if they can harm our health as it’s fairly new product. Either way, it’s on you to decide whether you’re going to use an electronic cigarette or ordinary cigarette.

ecig

Let’s compare the price. Price is here the most important factor and deciding factor which leads people to these ecigs. Of course, cigarettes like Marlboro for example are way more expensive than electronic cigarette. For the price of one electronic cigarette you can buy maybe 10 packings of ordinary cigarettes and how long they will last? Depends on your smoking habits, but these 10 packing of cigarettes may last up to 10 to 12 days, am I right? And now let’s talk about electronic cigarette. In my experience, they can last 100 times more! Maybe, you’re asking yourself how they can last this long, and the answer is simple- it’s electronical device. These little bottles of flavored fluid are injected into the electronic cigarette and it’s ready for smoking, and because this is electronical device and it’s wireless, you’ll need to charge it somewhere. Not a problem- when you are buying an electrical cigarette you always get the USB charger for your new cigarette. Smart way for charging it would be at night, when you are sleeping in order for cigarette to be ready the following morning. Speaking of usage, it’s being used like the ordinary cigarette- the user inhales the vapor, or as it’s called “vaping” that vapor from the cigarette, which is previously converted into that smoke by pressing the button that releases various thermal processes in the cigarette.

As we mentioned, there are tons of flavors and also the types of these cigarettes. Various designs are available for shopping, and here I want to mention VaporFi and the Uwell Crown. VaporFi is an ecig online store that offers many flavors and cigarettes, and my VaporFi review is pretty good. Here you can find many e-liquids ranging from tobacco flavors, fruit flavors, dessert flavors, menthol flavors and many more. But, when buying an e-liquid, you’ll need an ecig, which you can find here. You’ll be really surprised by how much types of cigarettes they have here. You can order the electronic cigar in any color out there, also you can go for various designs- for example you can get a cigarette that looks like a normal cigarette or you’ll want slick and modern design, it’s all your choice. Here you can also find many accessories for your ecig, so next time you’re buying something for ecig, or ecig, be sure to come by at VaporFi.

The Reviews are from e-cigarettePROs.