yes this is really important for all kinds of trader.
Risk Management is the answer
- Thread starter Wide Tailz
- Start date
what do you think there is any difference between money and risk management?
Trading in the forex market is risky as there are global factors such as time, volatility, and other external issues that can lead to large losses. Risk is unavoidable, but it can be controlled with proper strategies. As a result, having a risk management plan is advantageous. Always enter the market with a trading plan and use stop and loss to limit your losses.
risk is unavoidable really after having most powerful analyzing trade knowledge and experience.
this is a fine reply. thanks for your nice post.
yes , after having ,most powerful analyzing risk management there is no way to avoid risk and losses. this is real.
The best risk management is being right, right from the start. Entry is extremely important and so is understanding the prevailing flow of money out there in the world so you have a good chance of general conditions sweeping your position on to yuuuge profits. For as much anger is directed at our central bank, they have never lied about their intentions and they literally control this flow of funds that are so essential to traders / investors positions. They even tell you in advance how much money they are pumping into the markets per month. Or, as of two months ago, tell you how much they will extract.....
thanks for your nice post , got some fine lines.