May 13 2020 at 16:30
Professional4X
A trader with balance 1k and a trader with balance with 400k both should not follow the same risk ratio and money management.
Nothing is fixed in fx market and there's no supreme rule for everyone.
Thanks
Forex is Always Risky, even for Professional Traders, As a Safe Trader, Can Make Profits Longer, than others who are trying to be Billionaires Over Night, Like Cricketer who is Playing Cricket According to the Book, he will Play Longer than Speed Player who is Looking for Runs each and every Strike, Thanks
To work out the best strategy for trading, you can see the professionals
Jun 14 2020 at 13:41
MaxBuddy posted:
Hello Traders,
I believe the key of Forex Trading is Less Than 15% Draw Down with a method which can makes money, So at the end of the Month, if someone makes 5% at least or up , I believe he is a Professional Forex Trader, do you agree for that ?
SoTraders hit 35% Draw Down and still make great profits monthly, some 25% some less than 20% while some 10% and still make great earnings.
The main thing you should be worried about is being consistence with good risk management, or achieving big profits with very low risks and don't give back your profit to The market (My most precious Style), build up your profits and you will be in the league of best Traders aka Successful Traders.
Jun 24 2020 at 10:25
Try out different strategies, backtest your strategies and work hard on it. Consistent profits is hard to say because losses are also a part of trading but more of profits can definitely be earned.
At first, we use other people's strategies, but when we learn to develop our own, then the result is better. I started developing my own strategy as early as possible and we always test it on the Amarkets demo account.
Strategies should always be well developed and tested.
As for me, there is no better or perfect strategy for profitable or consistent trading or any other kind of trading. All you can do is make sure that the strategy is more or less suitable for you, the trading conditions with which you are working and the type of your account. Everything else is up to you, not a strategy. It is up to you how this or that strategy works in your account. Think about it!
The strategy will then be good when you work out and test it yourself.
