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care free mindset(proper risk)
AspiringTraders

Member Since Sep 08, 2020  24 posts Anonymous (AspiringTraders) Sep 14 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
AliaDare

Member Since Jul 19, 2020  77 posts AliaDare Sep 15 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.

AspiringTraders

Member Since Sep 08, 2020  24 posts Anonymous (AspiringTraders) Sep 15 at 09:03
I agree brother @AliaDare

you only produce results
DoraWalletInvest

Member Since Aug 17, 2020  18 posts DoraWalletInvest Sep 15 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.

AspiringTraders

Member Since Sep 08, 2020  24 posts Anonymous (AspiringTraders) Sep 15 at 10:07
@DoraWalletInvest I agree 100% the exit strategy is very important, it'll determine if you are profitable.

you only produce results
UweMoench

Member Since Jul 19, 2020  77 posts UweMoench Sep 15 at 10:08
You have to find that strategy by your own. It's not possible by following other's people strategy. You have to take time and test your strategy over a period of time to find out winning percentage, risk reward ratio.

AspiringTraders

Member Since Sep 08, 2020  24 posts Anonymous (AspiringTraders) Sep 15 at 10:10
@UweMoench yes, very important!

you only produce results
ele020

Member Since Apr 15, 2020  17 posts ele020 Sep 17 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.

FastAudi

Member Since Oct 03, 2018  10 posts FastAudi Sep 17 at 09:36
Keeping a lot size is the key to carefree trading and getting a carefree mindset

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EURUSD 1.17451 GBPUSD 1.28967
USDJPY 105.558 USDCAD 1.32839

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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.