Do You Have a Backup Plan?

[samuel23 10]

Hi guys, do you have a back up plan in Forex?? This is very important that we have another things we can do rather than trading forex or how to trade forex if we are in a very bad losing trades??

[Obsidian 10]

a plan without a backup plan is not a valid plan!

 

you should always have a good reason to enter a trade and you should always have a good reason to exit (either to take profit or cut losses)

[samuel23 10]

a plan without a backup plan is not a valid plan!

 

you should always have a good reason to enter a trade and you should always have a good reason to exit (either to take profit or cut losses)

 

Thanks, this has somehow boosted me concerning my back up plan. I do agree with what you said as there is nor plan with backup plan. We can see that always people do have Plan A and if that fails then they go to Plan B. We should consider planning like this and am sure we will be always in the safe side!