You don't need to be correct 100% of the time.If you are correct 50% of the time and have 1:2 risk reward ratio, you will make money here. Problem is we want to be 100% correct and do not want to follow any discipline.
Jun 27 2021 at 11:19
Yes, you are right. It is never possible to keep a 100% profit percentage in trading. For this, we have to work by managing a 1: 2 risk ratio.
Jun 27 2021 at 17:59
True. Risk management is essential in trading as it helps traders to survive in the market.
Yes very difficult to always correct all the time, sometimes we get fail and lose, even more, if get successive loss manual trading can lead emotion arises, now I am trying to use forex robot in my trading on pair EURUSD in my account FXOpen STP, trying to survive account
Jun 28 2021 at 09:58
50% is the average that you have taken as the minimum. Now imagine that there can be 15% of winning trades for a month and then 95% for a month in a row. Their average value will be 55%. This is exactly what happens
The success is mine
Jun 28 2021 at 10:33
Master_Z posted:Good calculation. I do a lot of calculations when I make a consistent profit.
50% is the average that you have taken as the minimum. Now imagine that there can be 15% of winning trades for a month and then 95% for a month in a row. Their average value will be 55%. This is exactly what happens
It is a very good habit, if you know how to calculate everything correctly and control your every step, I write down a trading plan.
Jul 02 2021 at 06:51
That is true, one can never be 100% true be it trade or life in general. There is risk involved and yes risk gives you rewards.
We do not want to make discipline maintained. If we are trading 1: 2 risk maintain, 50% of possible profits.
Jul 02 2021 at 17:48
Traders don't need to be experts in trading. It is easy to learn to trade only if you are interested.
Jul 03 2021 at 09:54
SofieAndreasen posted:I agree with you. Risk management is very necessary to make money from this market.
True. Risk management is essential in trading as it helps traders to survive in the market.
Jul 03 2021 at 12:13
Yes, I think so too, a trader can never be 100% correct. There will be some loss percentage but this loss has to be managed with a risk ratio.
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.
Akasuki posted:The right thinking. There are many conditions to be a successful trader.
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.
Jul 12 2021 at 05:07
I agree. Risk reward ratio should be around this only in order to earn else you might lose your money.
Jul 12 2021 at 12:23
RR is no everything but it is important. But be careful not to go too extreme. An RR of 1:10 may sound great but will the price ever reach such a large target
You always need to rationally assess the situation and understand the opportunities that you can get and use.
Hrenz posted:I agree with you.
You always need to rationally assess the situation and understand the opportunities that you can get and use.
Jul 14 2021 at 16:56
AliaDare posted:Thank you, I hope you will help in the future with better information.Akasuki posted:The right thinking. There are many conditions to be a successful trader.
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.
You don't need to be genius to make money on forex. There are two groups of forex stereotypes: 1. It's a scam (the most popular), 2. A trader should be super smart in order to make at least some money. Surely, a trader should possess some knowledge and skills but they are much easier to acquire than the knowledge about nuclear physics and Higgs boson. The key thing in trading, from my perspective, is discipline. Even if you don't really understand some economic concepts, but you have a good trading strategy that you can follow, you still have good chances to make decent profits.
