i am a newbie to the forex world. i have heard and read a lot about cutting your losses and allowing your profit to run.
i have tried this but each time i am worse off. most often i enter a trade with a 30pips profit target, really many times market would get to where i had wanted to exit but i always remember "let your profit run" and decides to trail the market with over 75% times i get stopped out lower than my initial target.
maybe there something i am not doing rightly or is letting your profit run a myth?
please i need experienced traders to help me out.
i have tried this but each time i am worse off. most often i enter a trade with a 30pips profit target, really many times market would get to where i had wanted to exit but i always remember "let your profit run" and decides to trail the market with over 75% times i get stopped out lower than my initial target.
maybe there something i am not doing rightly or is letting your profit run a myth?
please i need experienced traders to help me out.