• For Profit
    Forex

    How to and Why Breakeven

    Have you noticed that there are times that your entry doesn’t hit your Take Profit (TP)? And instead of gaining pips you end up losing pips? Or there are also times that you have TP 1 and TP 2, then although it hits TP 1 and seems to think that you are confident enough that the it will hit TP 2 but only hitting the SL. To clearly picture out this situation, let’s say that you have a BUY entry on EURUSD at 1.09000 with 2 entries: Entry: 1.09000 SL: 1.08700 TP 1: 1.09200 TP 2: 1.09700   Gaining or Losing? Let’s assume that TP 1 hit, then you have…