Partial Close – Technique for Preserving
Forex Profits
Partial close is one of the forex exit strategies that are available at
the disposal of forex traders.
Partial close is a forex exit strategy that
a trader can use to exit his trade in a piecemeal...
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Partial Close – Technique for Preserving
Forex Profits
Partial close is one of the forex exit strategies that are available at
the disposal of forex traders.
Partial close is a forex exit strategy that
a trader can use to exit his trade in a piecemeal fashion instead of
just exiting the trade at one time.
It is used to close a portion of a
trade as the profits start to roll in so as to secure some level of profit
no matter what could happen later.
Partial close helps ensure, at
least, small amount of profit when trading is favorable.
TheProblemwithPartialClose
There is, however, a big downside to partial close in that there is no
balance between risk and reward.
The risk that a trader decides to
take up when a trade is opened is seldom the same as the profit that
could be realized.
As good and vital as partial close is, it could also
affect a trader’s profit in a negative manner.
PartialCloseExample
An example would be helpful in demonstrating here.
Imagine a case
where a trade
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