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1% risk
Member Since Sep 16, 2019
11 posts
Member Since Dec 19, 2019
69 posts
Feb 17, 2020 at 16:48
Member Since Dec 19, 2019
69 posts
HertzTrader posted:GlobalScalper posted:
The market doesn't follow any % or any rule, Trade what market says.
Markets doesn't follow rule but risk management does. We have full control over it and this is why it is a critical part of trading
Maybe I should start a thread about risk management 😉
Strength and honor.
Member Since Jul 23, 2020
759 posts
Member Since Mar 18, 2019
98 posts
Aug 31, 2020 at 01:28
Member Since Jul 19, 2020
788 posts
Forex trading is a very risky business. And in this risky business, if you do not manage the risk, how to make a profit. I agree with you, it is usually not right to take more than 1% risk. The lower the risk for a trade, the better for the trade. This is called money management. You can never be successful in trading if you do not notice this money management.
Member Since Jul 20, 2020
298 posts
Aug 31, 2020 at 02:01
Member Since Jul 20, 2020
298 posts
Trading is a risky business. And if you don't manage risk in this risky business, you can never be a successful trader. You need to learn to control risk. I never risk more than 2% on my account. This is what I usually call money management. I always give a lot of importance to money management. Only money management can keep you safe in trading. The less risk you have in trading, the more likely you are to succeed.
Member Since Jul 20, 2020
232 posts
Member Since Jul 23, 2020
869 posts
Sep 26, 2020 at 12:12
Member Since Jul 23, 2020
869 posts
EbonyJones posted:You are right. I take 1-2% risk of my capital depends on market condition. However, 5% is too much for me.
Risk is a common thing in the forex market. many people lose their money in this risky platform. If you want to be successful in this market, you need to make a profitable plan.
Sep 27, 2020 at 07:17
Member Since Jul 19, 2020
751 posts
Yes 1% to 2% risk one can take maximum. The reason people can't control it they don't know their winning percentage. They do not have any minimum risk and reward ratio to follow. Basically they don't know what they are doing why they are doing.
Member Since Jul 20, 2020
341 posts
Sep 29, 2020 at 01:08
Member Since Jul 19, 2020
788 posts
Every trader should have his discipline. It is not possible to make a profit in trading without proper discipline. The lower the risk, the better for each trade. I always suggest taking a 2% risk. But it is better if the risk is less than that. Forex Prospects Market And to survive in this potential market you must have an idea about risk.
Sep 29, 2020 at 05:59
Member Since Oct 19, 2019
12 posts
Michihito posted:
Yes it's difficult to control. That's why discipline is very important. You can read the book named The Discipline Traders by Mark Douglas. This book will help you to be discipline. You can also read The Trading Zone by Mark Douglas.
Very good book! Discipline is the key, if you can't control your emotions you cant control your money!
I believe people should understand the risks and control emotions, 1%-2% is perfect, if ppl can't manage that find an auto-trading system that does that.
Protecting your capital is more important them make more capital
Member Since Jun 15, 2020
59 posts
Member Since May 19, 2020
438 posts
Jan 20, 2022 at 15:24
Member Since May 19, 2020
438 posts
The risk limit is just one aspect of a trading system. Only an integrated approach to trading can be successful in the long term. If your risk limit does not take into account your market analysis and trading history analysis, as well as news analysis and targets, then this limit will stifle your trading, no matter how lucky you are.
@Marcellus8610
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