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When Is The Right Time To Exit a "Good Trade"?

Learn how the Wave Principle combined with Fibonacci relationships can help you identify trade targets.

by Jason Lureman
Updated: October 26, 2017

So you've thought hard, developed a trading plan, entered a trade -- and the results are good!

Before you pat yourself on the back for a job well done, though, you need to make sure you execute your planned exit strategy.

Exiting the position too early means you leave money on the table, and holding on too long sees your hard-fought gains vanish tick by tick (or pip by pip, for forex traders). You might have stops in place to protect you if the market turns against you. But how do you know the right time to exit when price action goes your way?

Watch Jim Martens, editor of our Currency Pro Service, show you how he uses Fibonacci measurements between waves to find an exit point. This clip is from one of Jim's live online trading course for forex traders, but the you can apply this trading lesson to any market.

 

Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success

Learn how to put the power of the Wave Principle to work in your forex trading with this free, 14-page eBook. EWI Senior Currency Strategist Jim Martens shares actionable trading lessons and tips to help you find the best opportunities in the FX markets you trade.

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