care free mindset(proper risk)
Sep 14, 2020 at 21:55
717 Views
12 Replies
Member Since Sep 08, 2020
24 posts
Sep 14, 2020 at 21:55
Hello family traders, I just want to say stick with a system that you backtested and understand, stick to a fixed low risk trading and with patience you will feel liberated! I wish everyone success in trading and keep at it!
you only produce results
Sep 15, 2020 at 00:38
Two things are most important in trading. That is, risk management and money management are two things that a trader can never succeed in trading if they are not right. Forex Trading possibility Market So if you want to work in this possibility market you must manage risk. Successful traders always maintain a 1: 2 risk rewards and they do not take more than 2% risk for each trade in their account.
Member Since Aug 17, 2020
123 posts
Sep 15, 2020 at 09:48
I agree with all of the above, especially sticking to your system, important not to let momentary feelings deter you. Plus, have a good exit strategy within that system.
Member Since Sep 08, 2020
24 posts
Sep 15, 2020 at 10:07
@DoraWalletInvest I agree 100% the exit strategy is very important, it'll determine if you are profitable.
you only produce results
Member Since Sep 08, 2020
24 posts
Sep 15, 2020 at 10:10
@UweMoench yes, very important!
you only produce results
Sep 17, 2020 at 05:41
AspiringTraders posted:
Hello family traders, I just want to say stick with a system that you backtested and understand, stick to a fixed low risk trading and with patience you will feel liberated! I wish everyone success in trading and keep at it!
Panic is an enemy of your trading strategy and analysis. When a trader enters a trade, definitely they must have analysed it properly and based on fundamental or technical they entered at a price point. We know forex market is extremely volatile and uncertain but that doesn't mean you let go your initial strategy and amend your trades. Just Calm down and trust your strategy.
The more your practice, the more you learn.
Member Since Mar 16, 2020
54 posts
Oct 14, 2020 at 05:57
while trading one should have a strategy and proper risk management because market is volatile and you never know how it's going to play.
Member Since Jul 23, 2020
759 posts
Oct 28, 2020 at 13:56
Idowu posted:SL is one of the key parts of risk management. Many traders are against using it. They end up losing all capital.
risk management is so important but so often ignored. Why most people crash and burn so soon
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