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Mohammadi

Member Since Aug 11, 2017  620 posts Mohammadi Mar 22 2018 at 08:25
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Mar 22 2018 at 15:16
We have talked many many times about reducing the risk and respectively the loss. Good point but we all already know this :)

Accept the loss as experience
goyankees85

Member Since May 18, 2015  118 posts goyankees85 Mar 23 2018 at 04:31
Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.


 It sounds like you have to is all figured out. The part which you seem to be missing is that 'risk' has no real definition in forex.

My avatar explains "social trading" perfectly.
AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Mar 23 2018 at 12:57
Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.


100% doesn’t exist here; that’s way we traders need to follow the money management rules so honestly! Forex is all about probabilities, not certainty.

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Mar 23 2018 at 13:05
goyankees85 posted:
Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.


 It sounds like you have to is all figured out. The part which you seem to be missing is that 'risk' has no real definition in forex.


Yes, risk has no real description; but we traders need to use much low risk ratio as we can! High risk ratio is always costly.

BlueDino20

Member Since Mar 07, 2018  13 posts BlueDino20 Mar 23 2018 at 13:07
I define risk as the percentage of the account that i would lose if the trade failed

AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Mar 25 2018 at 05:10
BlueDino20 posted:
I define risk as the percentage of the account that i would lose if the trade failed


Do you use any fixed percentage? Or you have individual plan in your live trading?

Wingandprayer

Member Since Mar 27, 2018  10 posts Wingandprayer Mar 27 2018 at 13:40
I similar. I risk 3% my account percentage each time

AniLorak

Member Since Apr 18, 2017  813 posts AniLorak Mar 28 2018 at 06:17
Wingandprayer posted:
I similar. I risk 3% my account percentage each time


I think, you have a good success ratio with your trading system, that’s way you are able to use the 3%.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Mar 28 2018 at 13:35
Risk as a percentage of the equity :)

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EURUSD 1.106 GBPUSD 1.31349
USDJPY 108.572 USDCAD 1.32552

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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.