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Risk management is indeed the best

Feb 28, 2021 at 06:52
928 Views
27 Replies
Member Since Jul 19, 2020   751 posts
Feb 28, 2021 at 06:52
Risk management is indeed the best thing for the newbie trader as well as the advance ,this help seal so many leakage that may easily arise from our trade and I do hope that forex trading can be managed properly through this means too and this is what the expert trader get first.
Member Since Feb 13, 2021   42 posts
Feb 28, 2021 at 17:45
The market is changing continuously. So, you have to adjust your trading strategy according to that. Otherwise your profitable strategy will become a dessert.
Member Since Jul 23, 2020   759 posts
Mar 01, 2021 at 04:15
Traders should focus on minimizing risk to trade effectively in the trading market.
Member Since Feb 23, 2021   330 posts
Mar 01, 2021 at 08:32
There is no alternative to knowledge and skills. If all these were profitable for long term everyone would make money in trading. Only tje fittest people survive here for long term. And to be fittest no alternative to being skilled.
Member Since Dec 11, 2020   110 posts
Mar 01, 2021 at 12:04
I should you should add some pointers about risk management on why and how is it useful for new traders.
Member Since Jun 29, 2020   26 posts
Mar 10, 2021 at 11:23
robindude posted:
I should you should add some pointers about risk management on why and how is it useful for new traders.
Risk management is good but you need to stick to your decisions. Else there is no point of making plans for managing your risks.
Member Since May 11, 2020   74 posts
Mar 10, 2021 at 11:30
Freddraven posted:
robindude posted:
I should you should add some pointers about risk management on why and how is it useful for new traders.
Risk management is good but you need to stick to your decisions. Else there is no point of making plans for managing your risks.
I think he is asking that OP to post some bulletin points on why risk management is useful
Member Since Jul 06, 2020   28 posts
Mar 10, 2021 at 13:06
Freddraven posted:
robindude posted:
I should you should add some pointers about risk management on why and how is it useful for new traders.
Risk management is good but you need to stick to your decisions. Else there is no point of making plans for managing your risks.
I don’t think so that one needs a list of pointers. If a person is trading, he himself will know that if he is dedicated and is ready in taking risks, and for that, he will be needing to manage them in order to keep their profits consistent.
Member Since Jul 23, 2020   869 posts
Mar 10, 2021 at 15:02
Freddraven posted:
robindude posted:
I should you should add some pointers about risk management on why and how is it useful for new traders.
Risk management is good but you need to stick to your decisions. Else there is no point of making plans for managing your risks.
Risk management can ensure your survival in the market as we know it is a risky market.
Member Since Jul 19, 2020   788 posts
Mar 11, 2021 at 00:39
Trading Risky Market And if you can't control risk in this risky market, you will never be able to make good money from trading.
Member Since Nov 02, 2020   57 posts
Mar 11, 2021 at 08:12
The result of risk management is noticeable already in the initial stages of trading.
Member Since Jun 29, 2020   26 posts
Mar 11, 2021 at 11:15
Coreyarren posted:
Freddraven posted:
robindude posted:
I should you should add some pointers about risk management on why and how is it useful for new traders.
Risk management is good but you need to stick to your decisions. Else there is no point of making plans for managing your risks.
I don’t think so that one needs a list of pointers. If a person is trading, he himself will know that if he is dedicated and is ready in taking risks, and for that, he will be needing to manage them in order to keep their profits consistent.
One thing a newbie should always keep in his or her mind is that to manage their maximum risks, they should never ignore demo trading because if you directly start trading, the risks of losing money are very high. And demo trading should also be through a genuine broker. With a demo account you can trade through so many brokers without even depositing any money. You can use that 2% strategy where you cannot risk more than 2%. I trade with Turnkeyforex and keep on demo trading with other brokers to have the maximum profits but till now I found Oanda to be a good choice after Turnkeyforex in context to commissions and spreads.
Member Since Dec 17, 2020   15 posts
Mar 22, 2021 at 09:49
Yes, risk management can save a trader from unnecessary losses and it is also very important for all.
Member Since Jan 08, 2021   14 posts
Apr 05, 2021 at 10:51
Risk management is the backbone of having a good trade. Every trader should focus on both money and risk management.
Member Since Mar 17, 2021   536 posts
Apr 05, 2021 at 11:00
marcellamcguire posted:
Risk management is the backbone of having a good trade. Every trader should focus on both money and risk management.
I completely agree with you. Risk management is very much important to make money from this market.
Member Since Mar 28, 2021   617 posts
Apr 05, 2021 at 11:09
Yes risk management is the most important thing in trading. Without risk managment, even a good strategy becomes fruitless. Every trader should focus on it.
Member Since Aug 27, 2017   994 posts
Apr 05, 2021 at 12:09
its very common message but of course effective , i always try to make sure good risk management plan.
Member Since Apr 13, 2021   12 posts
Apr 14, 2021 at 07:43
Risk management is really important for a trader who wants to grow and keep trading for the upcoming several years. Learn risk management skills if you want to become a successful forex trader.
Member Since Apr 14, 2021   9 posts
Apr 14, 2021 at 11:38
Risk management is one of many factors that make a winning trader. The key part of RM is to help minimize draw downs. RM will not make you rich but it could help you stay trading longer so that you can learn the other skills
Member Since Mar 16, 2021   477 posts
Apr 14, 2021 at 22:29
When I was a new trader, I used to trade without money management which was the reason for my loss. So now I never trade without money management.
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