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Importance of Planning Profit Targets
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11:35 am
February 21, 2012


South Florida, USA


posts 80 Couple updates… Just added some new free Forex video excerpts of the live SmartPip Forex room to the site come check them out here.

Today though we found ourselves with some time to kill awaiting a pullback, and we thought why not just hit the record button & create an off the cuff Forex Lesson covering the scenario we found ourselves for later use. Today's lesson is about the Importance of Planning Profit Targets, you can play it below.

I will be adding these lessons as they occur onto the site here if you wish to reference later. As for the content remember they are done on the fly & unplanned. Also, well, please be aware I can certainly sometimes be a bit of a smart a$$ but, that’s just who I am.
Forex Lessons Video – The Importance of Planning Profit Targets – Feb 21st, 2012
Scenario – After wrapping up pre-London scalps we took in the live class, we discuss our plans for London continuation. This can be a problem for many traders who know planning an entry/risk/stop is important. Yet you would be amazed how many do not plan profit taking or scaling levels, or management criteria prior to taking trades. So while it was clear we had a good 30 minutes or more before our London open entry arrives, this seemed like a great time for an on the fly lesson, on the Importance of Planning Profit Targets.

Should you try an hold on or scalp that profit & await the re-entry when the London money comes in? That's the tough question right?! In this video we discuss the logic behind it as well as going through some of the trader psychology processes we go through as traders when we do not plan profit targets. Keep in mind this lesson was unplanned and off the cuff.

Want to learn to plan your trades completely every day and see lessons like this as time permits live? We do daily pre-European Forex Market Analysis and trade planning in complete detail, these free clips are just random excerpts to give you an idea of some of what we do in our live class. Come join us!, Hope to see you guys at


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12:55 pm
October 13, 2012

Binu Francis


posts 3

I found forexmetal to be much more intuitive than other site.. What say people?

3:14 am
February 13, 2013

Enamul Huq

New Member

posts 1


Hi friend, I am newbie in this forum. I want to learn forex trading well and want to share my trading experience here. I believe I can make a good friendship with all of you

4:11 pm
August 19, 2014

Muhammad Perkins


posts 39

Planning is the most important thing in Forex as if someone go without having a plan would be just putting himself into trouble and also a business like Forex which is extremely fast it would be a disaster to have making decision in those situation so thats why if we are to succeed than planning first is necessary.

10:13 am
June 14, 2015

Amanda Smith


posts 20

Success will never come until and unless you have an effective trading plan and a plan of profit targets. While trading with CToption broker, I always try to make balance of funds by controlling my greed and making trades with strongly following money management system.


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