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Forexstress
Feb 15 at 10:34
11 posts
Everyone should use fixed stops, even if it is a safety stop loss wider than normal. All it takes is some political event to shake the markets just after you entered to cause massive price spike. Without a safety SL you could make massive losses

Ericdier752
Feb 16 at 04:35
44 posts
High leverage involves a high risk but what about managing it? How much should a person risk per trade on an average? A fair idea would be enough, thank you.

Meloisel
Feb 16 at 07:57
5 posts
It seems to me that the risk does not depend on the size of the leverage, on our ability and willingness to take risks.

salamibrish
Feb 16 at 10:04
26 posts
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.

Ericdier752
Feb 17 at 04:39
44 posts
salamibrish posted:
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.

Appreciate your response

unsightlydray
Feb 17 at 07:40
40 posts
Forexstress posted:
Everyone should use fixed stops, even if it is a safety stop loss wider than normal. All it takes is some political event to shake the markets just after you entered to cause massive price spike. Without a safety SL you could make massive losses

Do you keep your stop loss uniform across all trades?

unsightlydray
Feb 17 at 07:40
40 posts
Meloisel posted:
It seems to me that the risk does not depend on the size of the leverage, on our ability and willingness to take risks.

Ya I suppose on how much money one has spare that they can afford to risk.

Gareylinn509
Feb 17 at 09:31
32 posts
salamibrish posted:
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.

I agree with this. Not risking much can be an advantage.

josejames
Feb 17 at 12:19
13 posts
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.

Russel Gutierrez (russellgutierrez)
Feb 18 at 04:16
54 posts
josejames posted:
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.

Yup there is an incredible difference between rash decisions and calculated risks. I started with micro lots in trading through Fxview, with only 100 dollars through the use of leverages I was able to trade many positions. Then I moved to standard lots through XTB which was further beneficial for me.

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