How to Know when its Time to Exit a Trade: Trading Exit Strategy

Trading Exit Strategy - brought to you by http://www.financial-spread-betting.com/course/building-a-trading-system.html Paul Wallace, a forex trader and mentor speaks. Abandoning a trade: how do you know when its time to exit a trade? There are trading quotes like how you should cut your losses and run your winners but really its all about knowing when you are in a losing trade. For someone who uses technical analysis to trade is that actually the point at which you are wrong on the trade should be defined even before entering the trade. People get very excited about entries but exits are far more important because trade exits is what determine your losses/profits on trades.

Comments

1. Wonderful revelations... sensible speech... 👍
2. real helpful comment, it's only gambling if you are unwise in your trading.