2024-12-26 09:53

Industry The Psychology of Letting Profits Run
Let your profits run” is easier said than done, especially when fear of losing unrealized gains kicks in. To master this principle, set realistic profit targets and trail your stop-loss as the market moves in your favor. For instance, if you’re trading GBP/USD and the price surges past a resistance level, adjust your stop-loss to lock in profits while giving the trade room to grow. Resist the urge to close trades prematurely out of fear—success in Forex often lies in riding strong trends to their full potential. Patience is your best ally.
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The Psychology of Letting Profits Run
| 2024-12-26 09:53
Let your profits run” is easier said than done, especially when fear of losing unrealized gains kicks in. To master this principle, set realistic profit targets and trail your stop-loss as the market moves in your favor. For instance, if you’re trading GBP/USD and the price surges past a resistance level, adjust your stop-loss to lock in profits while giving the trade room to grow. Resist the urge to close trades prematurely out of fear—success in Forex often lies in riding strong trends to their full potential. Patience is your best ally.
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