In forex trading making correct entries seems to be an easier task than making exits. Most traders suffer from exiting-too-early syndrome and therefore missing out the extra points. In most cases bad exit taking causes you to miss out on more than half the profit you could have. What are the key factors when it Comes to staying in or exiting? Is it more profitable, for example, just to set the stop and the limit, and wait until either of them gets reached? Does the understanding of available exits help minimize losses and lock in profits?

How many times has the market missed your target by just a small fracture, and then continued moving in the direction you have predicted

without you "on board" ? Or, on another unfortunate day trading, forex market simply misses your profit target and leaves you with nothing, or even worse - loss! Obviously making profits is the hardest part in forex trading. It can take years to figure out how to enter but not how to exit.

No matter how complicated, if you want to make money you will have to find a point to exit. Optimizing the trading strategy is the key to forex success. To track and understand decisions better, some traders create a trade log and write down the reasons each time they exit a trade. It is time consuming and may take weeks, months or even years to understand the flaw in the current strategy. However, usually after the first month the trading pattern immerge and traders can mortify the flaws to maximize returns.

Figuring out exits is similar to predicting the future. It is extremely difficult if not impossible. Knowing for sure where to exit for a specific target requires aiming. However, keep in mind that setting a target restricts the profits from running.

Before you enter a trade, consider the following factors. Firstly, you should plan out the length of the trade. Secondly, try to figure out the risk you are willing to take. Last but not least, ask yourself when a good time to get out is.

Every trader is different and you need to find what suits you best and stick to the plan. So keep in mind that it is always impossible to be in a win-win situation, so you need to calculate your risk / reward ratio and Whether the trade is worth taking before you actually place a trade.

This is quite general, but here are some things to consider:

1st Fractals.

Using fractals Allows you to know when to change the stop and to follow the market down as it goes.

2nd Resistance / Support. You can decide on an exit on some resistance / support area targeted on a higher time frame.

3rd Fibs. Fib extensions are your magic wand. Use it for your own good.

4th Moving average. Set a stop right behind the moving average.

5th Last but not least, consider scaling.   Consider closing at half the original target, run and see how things progress balance. If the market pulls back to the original target, then you can simply close the balance. In other case, run a trailing stop.

Most importantly, when you decide on a strategy, stick to it.   You can not control the market, but you can get a hold of your forex trading behavior.