Mohammadi posted: Practically despite of good trading knowledge there is nobody who can predict the real faction of this market with certainly. So, obviously this is a most risky trading place form any other business platforms and for keeping survive in a proper way we have to acquire proper trading knowledge , most accurate risk management pan ETC. otherwise we can fall a great loss when trading practically.
The fact is to study, many people believe that for financial freedom, it is as easy and tasty as taking the first plane to travel wherever you want since you can work with any site, but you do want to know and follow the trends in the market
Risk exists everywhere and always, even leaving your home, you can possibly hit by a car or brick can fall on your head. But without risk there is no profit. Starting a new business you are always at risk. Forex is very risky, but I believe that such risk is justified.
Brokers take the ultimate risk for the simple fact that they provide us leverage. Many people think that if you have a SL it will be honored, but in most cases when the entire broker goes under no money will be recovered. It wasn't fraud. It was over-leveraging. :) Yet, the brokers take the risk because black swan events are very rare and they will spend years raking in money from people who deposit and never seem to be able to withdraw. A 5k startup can make you 100k easily on commission from b-booking accounts from new account holders.
It is a matter of having good predictions, and graphic analysis is a graphic way of predicting the future of markets, as well as values, it is ideal to work hand in hand with it. Fundamentally it is based on the study of the figures that form the prices of the shares as the indication of the trend that can follow in the nearest future; that is to say, the prediction of the market itself generates that the same predictions are almost always produced, it does not guarantee that you always succeed. But if it's much better than working with your eyes closed
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!
To change your trading result, just change your thinking.
As a beginner, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or don’t expect to get profit in the first two or three months.
Every faction in this trading place contains always huge risk , so no way to avoid it in spite of having most powerful trading knowledge. But if we more disciplined and have a conscious about risk management of course we can be profitable from this risky volatile platform.
In Fx trading , by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non sense planning and zero risk management policy, nothing to do with high leverage at all. so, I think, before trading with high leverage we have to know how to manage risk.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.