3 Exit Strategies for Profitable Trades

 

Effective trading exit strategies include:

  • Traditional limit/stop (using support and resistance)
  • ATR-based volatility strategy

Finding the ideal moment to join a trade is a major area of concentration for traders. Although significant, the location that traders pick to close off transactions ultimately determines the trade’s success. This article focuses on three trading exit techniques that traders should consider when attempting to close a position.

EXIT STRATEGY #1 FOR FOREX: TRADITIONAL STOP/LIMIT (USING SUPPORT AND RESISTANCE)

Setting objectives (limits) and stops concurrently with the trade entry is one of the finest techniques to control emotions. This strategy is much superior to entering without a “stop loss” and wiping the sweat from your forehead as you watch lost transactions deplete the equity of your account.

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EDGE-FOREX 

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