in Forex trading we the traders who are particularly newcomers make so many mistake in our trading life due to lacking proper trading experience. Taking wrong trade without proper analysis and risk management is one of the major from all of them.
Mar 07 2019 at 12:23
Risk to Reward ratio is vital in trading.
Mar 07 2019 at 12:23
Imamul posted:
newcomers first of all have to ensure all basic level , i like most pips school which is mainly considered as a best learning place for newcomers. besides this school demo is more appropriate for live trading experience.
Great place to learn.
Mohammadi posted:
in Forex trading we the traders who are particularly newcomers make so many mistake in our trading life due to lacking proper trading experience. Taking wrong trade without proper analysis and risk management is one of the major from all of them.
We will all make mistakes as we learn.
Those that will be successful are the ones who will review their trades and learn from the mistake.
dylanjessop posted:
Risk to Reward ratio is vital in trading.
definitely, get that right and you don't have to win every trade.
Mar 12 2019 at 10:52
R to R is not to be underestimated. I remember the first time someone explained to me that even with a win rate lower than 50% you can still make profit if you use a 1:2 RR. I have focused all my trading strategy around using high RR. I am still learning but I have confidence that I will get there
Mar 12 2019 at 15:11
AdebayoTheBest posted:
R to R is not to be underestimated. I remember the first time someone explained to me that even with a win rate lower than 50% you can still make profit if you use a 1:2 RR. I have focused all my trading strategy around using high RR. I am still learning but I have confidence that I will get there
Good Risk to reward means take only those trades which has very high probability of success with take profit and stoploss ratio of more than 2 or even more.
But if someone will take just every trade and hope the market will give at least 2 times profit pips compared to his stop loss, then it is a wrong approach.
All new traders must reduce the number trades they take every day or every week to half and then, naturally their trading profits will increase since they will take only high probability trades.
If emotions create problem for new traders, then set and forget type style of trading is best with pending orders to get triggered automatically with fixed stoploss and takeprofit.
If new traders will enter market orders, it very easy to make wrong decisions based on emotions or fear of missing out trades etc.
AdebayoTheBest posted:
R to R is not to be underestimated. I remember the first time someone explained to me that even with a win rate lower than 50% you can still make profit if you use a 1:2 RR. I have focused all my trading strategy around using high RR. I am still learning but I have confidence that I will get there
If you are taking high probability trades with this R to R you will go far.
A very sound principle to follow
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
Imamul posted:
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
I understand that. Demo trading can be boring cause it's not real money. Using tiny lots with real money is a viable alternative but only if the amount you lose means very little to you.
walpants posted:dylanjessop posted:
Risk to Reward ratio is vital in trading.
definitely, get that right and you don't have to win every trade.
Always use a minimum R:R 1:2 , add a 50% win rate and it is a winning approach.
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
REB_FX posted:walpants posted:dylanjessop posted:
Risk to Reward ratio is vital in trading.
definitely, get that right and you don't have to win every trade.
Always use a minimum R:R 1:2 , add a 50% win rate and it is a winning approach.
Easier said than done. If it were that easy then everyone would be doing it. As soon as you increase the R:R the win rate will go down.
Mar 20 2019 at 07:02
Mohammadi posted:
in Forex trading we the traders who are particularly newcomers make so many mistake in our trading life due to lacking proper trading experience. Taking wrong trade without proper analysis and risk management is one of the major from all of them.
Yes this is very true
Mar 20 2019 at 07:02
dylanjessop posted:
Risk to Reward ratio is vital in trading.
Basic fundamental!
Mar 20 2019 at 07:02
REB_FX posted:walpants posted:
i keep hearing about this book i think i need to get hold of it.
have you checked out the Youtube series ? This 5 or maybe 6 hours of awesome content broken in to a 4 part series.
Yes, highly recommended!
The broker can affects the result of our trading with certainly , that’s why choosing a broker should be in cool mind, please don’t choose a broker in an emotional state, we the traders should choose the broker which is more appropriate to the concept of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Mcross posted:REB_FX posted:walpants posted:dylanjessop posted:
Risk to Reward ratio is vital in trading.
definitely, get that right and you don't have to win every trade.
Always use a minimum R:R 1:2 , add a 50% win rate and it is a winning approach.
Easier said than done. If it were that easy then everyone would be doing it. As soon as you increase the R:R the win rate will go down.
Why would you increase your R:R ??
Regarding to the risk management normally arranged by most experienced traders, how many brokers they usually use ?
Get money when market seems to provide so !
Mar 21 2019 at 09:36
Experienced trader usually have at least 3 brokers that they regularly use. It is mistake to put all your money with one broker. If they steel from you then you will have nothing left. Using a regulated broker helps but it is still better to use >3 broker
