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Emotion in Forex trading

Donald Betcher (DonaldB)
Dec 26 2018 at 09:58
38 posts
I would say no more than 2-5% depending on the market activity.

iamjacobs
Dec 26 2018 at 11:39
17 posts
DonaldB posted:
I would say no more than 2-5% depending on the market activity.


You meant this percentage for 1 trade? Does it not too high risk value if you will trade 3 trades one time?
I'm sorry for the question if you mean 2-5% for all trades.

kieran (snapdragon1970)
Dec 26 2018 at 12:30
1945 posts
Depending on the size of your account but 1-2% of your balance max on Forex ,2% is aggressive ,it depends on the trade like if its broke the 200 daily moving average you might risk 3-5%.

"They mistook leverage with genius".
Adribaasmet
Dec 26 2018 at 14:54
951 posts
snapdragon1970 posted:
Depending on the size of your account but 1-2% of your balance max on Forex ,2% is aggressive ,it depends on the trade like if its broke the 200 daily moving average you might risk 3-5%.


Forex is all about probability, there is no guarantee! So, using 3-5% risk is not a good decision; whatever the situation is it.

nick3232
Dec 27 2018 at 07:24
162 posts
nick3232 posted:
a good way to clear emotions is to have a low risk money management


when i start worying i adust the risk accordinly in order to feel confortable even if i have a sound trading plan,,,

Olas Niko (Trader4hire)
Dec 27 2018 at 07:43
42 posts
5% when you know where the market is going not bad, but you must be sure you know the direction, otherwise, im using 1 percent when not sure, stoploss always important

Move along with the Market
Adribaasmet
Dec 27 2018 at 14:00
951 posts
Trader4hire posted:
5% when you know where the market is going not bad, but you must be sure you know the direction, otherwise, im using 1 percent when not sure, stoploss always important


5%? It’s really too much mate. Because, consistent 2 SLs means 10% loss, a huge damage.

Professional4X
Dec 27 2018 at 17:36
1189 posts

nick3232 posted:
when i start worying i adust the risk accordinly in order to feel confortable even if i have a sound trading plan,,,



If you adjust your trading activities based upon your emotional state, then you are trading with emotions and not using a solid investment strategy.




If it looks too good to be true, it's probably a scam! Let the buyer beware.
kieran (snapdragon1970)
Dec 27 2018 at 22:58
1945 posts
Adribaasmet posted:
snapdragon1970 posted:
Depending on the size of your account but 1-2% of your balance max on Forex ,2% is aggressive ,it depends on the trade like if its broke the 200 daily moving average you might risk 3-5%.


Forex is all about probability, there is no guarantee! So, using 3-5% risk is not a good decision; whatever the situation is it.


It depends how experienced you are and how well you know what your trading , on a swing trade near the 200 DMA it can be your trade of the month ,like our last trade on eur/usd from 1280 Long we knew it was nearing a bottom to go bullish just needed some space to finally bottom at 1269-1390.

"They mistook leverage with genius".
BartenderFX
Dec 28 2018 at 07:37
14 posts
Professional4X posted:

nick3232 posted:
when i start worying i adust the risk accordinly in order to feel confortable even if i have a sound trading plan,,,



If you adjust your trading activities based upon your emotional state, then you are trading with emotions and not using a solid investment strategy.





Agree

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