Trading Discussion Risk Management In Forex

Benjamin Aphedzy

New member
If your analysis is wrong, please take small loss and go home . "He who fights and run away will live and fight another day but if he dies while fighting, he can't fight again and he who also gives up the chance of winning"
Always have a risk before you start a trade , make it a reasonable risk not over 200 pips. That's something to put in mind in the first place , it's not even advisable to put a stop loss over 200 pips as a swing trader . Anonymous speaker once said , If Stephen in the Bible had run away when he saw that the people were about to stone him to death, he would have at least, lived another day because Jesus Christ escaped from synagogue when the people had the wanted to arrest Him when it wasn't his time. Well John fought and escaped to Patmos. That's why we have the book of Revelation today in the Bible .

As a trader, learn to fight and run away . It's not cowardice, it's wisdom.
 

btaliat

VIP Contributor
There is what it is called gambler fallacy in trading. Most times, when a gambler loses his money, he will always have the mindset of recovering more of the money by doing trade or when he gains in a trade, he will want to trade more with the aim that he will still win.
 

Sotherefore

VIP Contributor
Yes I understand what you're trying to say that we should learn to fight and run away but me this is not incomplete course, there are a lot of things we need to consider when we talk about risk management and most of these are what we will understand when you are really seriously take a special training on risk management when you are trading Forex or cryptocurrency.
 

btaliat

VIP Contributor
Risk mamagement starts from knowing how to trade save. A good trader should not be greedy to the extent of trading with what he can not afford to lose. Aside this, he won't let fear be his hindrance. He always greedy when others are fearful and always fearful when others are greedy
 

Good luck

Verified member
Every business has its risk.One needs to be smart and wise in taking any decisions in terms of doing business.Managing a forex trading requires a lot of intelligence and analytics account.You need to have a very good idea of how the chart is being monitored.It entails a great risk if one don't understand the procedure.Life is a risk.be wise in doing business
 
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Deleted member 51169

Guest
If your analysis is wrong, please take small loss and go home . "He who fights and run away will live and fight another day but if he dies while fighting, he can't fight again and he who also gives up the chance of winning"
Always have a risk before you start a trade , make it a reasonable risk not over 200 pips. That's something to put in mind in the first place , it's not even advisable to put a stop loss over 200 pips as a swing trader . Anonymous speaker once said , If Stephen in the Bible had run away when he saw that the people were about to stone him to death, he would have at least, lived another day because Jesus Christ escaped from synagogue when the people had the wanted to arrest Him when it wasn't his time. Well John fought and escaped to Patmos. That's why we have the book of Revelation today in the Bible .

As a trader, learn to fight and run away . It's not cowardice, it's wisdom.
It is a funny write up you have there, sir. This your analysis is not suitable for who truly is a trader. This is sequel to gambling with the market profit and loss margin. Yes, you might make gain but that is not trading.

Who is a forex trader? A forex trader, is one who ys and sells currencies on a foreign exchange market after performing research or analysis on a currency pair. Your responsibilities include finding situations in which a forex transaction has a chance to be profitable and carrying out a purchase on a trading platform. Patience is the best skill in trading not hit and run strategy.

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
 

Setho

VIP Contributor
Everybody who wants to be successful in trading should have entry-level knowledge about risk management. This knowledge will help you a lot in knowing the lot size to use. It will also help you to use the appropriate margin and not risk too much of your portfolio. You should also define your entry as well as always setup a stop loss.
 

Wisdom01

Valued Contributor
It's not even good to be too greedy when trading forex , except the person wants to make loss from the market ,I think the most important thing is having a great plan and stick to it , don't let greed make you change the plans and lesd you into loss
 

Immilash

Active member
That's very true. Trading is like gambling and if you're analysis went wrong you'll definitely lose money, the money you'll lose depends on the kind of trade you place. I'm also a forex trader but I must tell you it's not easy but if you've made good analysis you'll make huge of profits, is the chance of something will occur in a business. It is difficult to totally stay away from hazard in any line of business, so as a business person we should know how to oversee and control hazard in our business. All business person are daring individual reason in the event that they don't face challenge in doing their business then they will be unable to accomplish anything in that line of business. It is says that the higher the danger in a business the higher the benefit that is appended to it. Hazard the board is just the manner in which we can recognize, treat and control hazard that are probably going to happen in the line business. There are multiple ways that hazard can be oversee really and a portion of the ways are given underneath;
Hazard recognizable proof: it is vital to have a solid group arrangement to distinguish hazard at beginning phase so that action can be taken to decrease it to the bearest least.
Hazard revealing; when hazard is recognize at beginning phase then it vital that such danger ought to be reportedto hazard review board for appropriate move to make on it.
Hazard control; The danger review panel ought to should gadget a method for controlling the danger all together not to adversely affect the business.
 
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