Forex trading is highly risky and it is very easy to lose due to one or the reason. Only traders who trade with strict risk management are able to avoid unnecessary risks.
Risk Management is the answer
- Thread starter Wide Tailz
- Start date
risk management is mandatory if traders want a consistent profit. Otherwise, it's no different than gambling their money away.
Absolutely! Many traders fail because they lack an effective risk management strategy. It is necessary to have one in order to avoid losses.
what you think there is any kind of major different between money and risk management ?
They're very different, but if you know you're right you can just go all in with MAXIMUM LEVERAGE
Maximum Leverage is a beautiful, magical, divine, supernatural thing -- if ...you are right,
And that spectrum complication and understanding range amongst traders can vary from 50 Shades of Grey.....to 50,000 Shades of Grey,
Now that they sell order flow to the large robot trading firms, why wouldn't they sell leverage info and margin liquidation points at the same time? That's valuable info!
In the market, the other traders look at you.....
In the market, the other traders look at you.....
What’s the difference between a double top and a failure double top? The former offers huge reward to risk, the latter keeps on moving against you. As most know, TA usually offers a coin flip probability, with the correct risk management and mindset, that’s all you need to stay in the green long term.
From my opinion a trader needs to have a good knowledge of risk identification, evaluation and management in order to avoid losses. It is really important to set your expectations on the basis of a thorough analysis of the market and after anticipating all the risks. Using a demo account can be a good option to manage the risk.