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  • Beginner
  • Intermediate
  • Advanced
  • Completion
  1. Beginner
    Early Stages for Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Personal Psychology Questions
    2 Topics
  5. Psychology for Beginners
    7 Topics
  6. Intermediate
    Identifying Scams
    2 Topics
  7. Brokers for Beginners
    5 Topics
  8. Technical Analysis
    13 Topics
  9. Market Structure
    5 Topics
  10. Completion
    Risk Management for Beginners
    8 Topics
  11. Fundamental Analysis
    9 Topics
  12. Advanced
    Using Indicators
    6 Topics
  13. Technical Analysis (Part 2)
    8 Topics

How Long Should I Hold a Trade For?

Realistically, there’s no right answer for this. A good answer can be: whenever you feel like you’re done with the trade. Another good answer can be: when that trade hits your take profit or stop loss. Although micro-managing every single second of your trade are habits of a bad trader, adjusting and making a genuine decision to get out of the trade or to let it keep running is 100% your responsibility, and you must own it. Meaning, don’t regret it, you’ve already made the decision, now move on. If you closed the trade early, it’s okay. There will be another. If you let it keep running and you shouldn’t have, it’s okay. There will be another. Whatever answer lines up with your trading plan is the correct answer.

On the other hand, you don’t want to extend your profit target when you are up. That is fueled by greed and that can negatively impact your trading. What you don’t want to do is turn a winning trade into a losing trade by not knowing when to take profit.