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1% risk
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Michihito

Member Since Jul 19, 2020  99 posts Michihito Aug 31 at 07:37
Yes 1% risk is very good for trading. Discipline is the key to maintain risk level low. Trading is very tempting. That's why you need to be discipline so that you do not trade whimsically. It needs a lot of practice to be discipline.

cardigan

Member Since Jul 27, 2020  56 posts cardigan Aug 31 at 07:59
1% risk is good, even 5% risk is also good. But it is important to check on the risk management and other techniques that you are using into trading to avoid losses.

EbonyJones

Member Since Jul 20, 2020  107 posts EbonyJones Sep 01 at 19:14
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.

LyudmilLukanov

Member Since Jul 23, 2020  75 posts LyudmilLukanov Sep 26 at 12:12
EbonyJones posted:
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.

You are right. I take 1-2% risk of my capital depends on market condition. However, 5% is too much for me.

Michihito

Member Since Jul 19, 2020  99 posts Michihito Sep 27 at 06:00
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.

UweMoench

Member Since Jul 19, 2020  105 posts UweMoench Sep 27 at 07:17
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.

ElliotCooke

Member Since Jul 20, 2020  141 posts ElliotCooke Sep 28 at 19:34
You have to take risks to become successful in this market. If you can deal with the risk factor you can make money from the forex market.

AliaDare

Member Since Jul 19, 2020  107 posts AliaDare Sep 29 at 01:08
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.

diogomx

Member Since Oct 19, 2019  12 posts MrRolex (diogomx) Sep 29 at 05:59
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
Markwoods

Member Since Sep 30, 2020  10 posts Markwoods Oct 09 at 11:20
Risk management is important when you are trading. Market follows no rules and that means you can never be prepared for the market.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.