The Basics of Forex Exit Strategies

The Basics of Forex Exit Strategies

Written by: PaxForex analytics dept - Wednesday, 05 February 2020 0 comments

When planning the upcoming trades, Forex market participants tend to focus on the entry point. In other words they are looking for the perfect timing to enter the market to gain the most profits. But the right timing is also important when it comes to exiting the trade - finding a moment to stop. Exiting at the right time can serve multiple purposes, including: optimizing the profit, minimizing the losses and managing the time spent trading. Today we will take a look at some basics of Forex exit strategies and learn how to pick the right strategy that will fit your requirements and capabilities.