How do you define your risk and how does it improve your trading?
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The meaning of risk. What does risk mean to you?
- Thread starter Amahrix
- Start date
So how do you manage risk while trading? Any particular strategy or rule that you follow?For me, risk means a way to improve my trading. It is obvious that I may face risk somewhere, this will help me in ensuring that whether I am on the right path or not.
There is no particular strategy, I make strategy according to the ongoing market.So how do you manage risk while trading? Any particular strategy or rule that you follow?
For me, risk means growth. If I am taking risk, it means I am taking a step forward towards my growth.
Risk is return for me, bigger the position, more is the reward. I always see the quality pairs and trade according to the events predicted in the economic calendar. You can set risk as per your trading level. You can increase to double figures which is completely dependent on the goals and balance you have.
And that risk is definitely not worth taking.For me, risk in trading is to put your hard earned money without having knowledge and experience.
Agreed, demo accounts are very beneficial for testing the trading environment before starting live trading.Definitely, half knowledge is lethal. Always work upon your concepts first, then do demo and test your learning there, after few good demo trades go for live trades with small amounts