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Risky business
Oct 30, 2020 at 12:20
Member Since Jul 19, 2020
749 posts
Forex is a risky business. You can't be risk free here. This is the reason there is something called risk management. By managing your risk you can make good profit. To be expert in risk management you need to study a lot. Don't trade without managing your risk.
Nov 02, 2020 at 01:12
Member Since Jul 19, 2020
742 posts
Forex is a risky business in which you have to maintain risk to survive the business. If you can't maintain the risk, you can't make a profit consistently. I always maintain a 1: 3 risk-reward. That risk-reward helps me move forward in trading.
Member Since Jul 05, 2019
11 posts
Member Since Mar 16, 2020
54 posts
Member Since Aug 27, 2017
875 posts
Dec 05, 2020 at 11:21
Member Since Jul 19, 2020
310 posts
Money management is the most important thing in forex trading. Good management with an average strategy making profit is possible. But poor money management with best strategy resulting in loss. A good trader is a well money management follower. I personally do not use more than 2% of my capital. My total trades sum up 2% of my capital.
Member Since Jul 23, 2020
696 posts
Jan 02, 2021 at 05:24
Member Since Dec 21, 2020
16 posts
AniLorak posted:
actually making profit is not a big deal in Forex trading , the main things in there to keep consistent level which is the main challenge . anyone can make profit by one or two times.
Very true, Many people start off forex trading but quit too soon, because they have unrealistic expectations from it when in reality no success comes without devotion and effort.
Member Since Jul 20, 2020
286 posts
Member Since Jul 23, 2020
816 posts
May 27, 2021 at 08:52
Member Since Apr 22, 2021
8 posts
I totally agree that this business is risky. On the other hand, we have a lot of opportunities to earn money with the help of brokers. I can advice you to study all available info about brokers. That's important to study the broker you want to work with. When I was looking for the right broker.
Member Since Mar 17, 2021
494 posts
May 27, 2021 at 19:46
Member Since Mar 17, 2021
494 posts
Akasuki posted:
Yes forex trading is one of the riskiest business in the world. Due to high leverage it becomes risky. That's why every trader should use proper risk management policy.
You are right. This is a risky market. Without proper knowledge, you can lose all your money in this market.
Member Since Mar 16, 2021
447 posts
Member Since Jun 15, 2021
13 posts
Member Since Sep 12, 2017
232 posts

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