Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
The main way to be profitable is proper risk management. No other way around it.
Teejy88 posted:
The main way to be profitable is proper risk management. No other way around it.
MM will mean that you should not have huge fast losses but not amount of MM will make you have profit. For profit you need an edge in the market , a special strategy or insight that will create a positive expectancy. MM just tell you how much to trade but not good if use junk strategy
Teejy88 posted:
The main way to be profitable is proper risk management. No other way around it.
what you think there is any different between money and risk management ?
Mohammadi posted:Teejy88 posted:
The main way to be profitable is proper risk management. No other way around it.
what you think there is any different between money and risk management ?
Of course there is
Money Management is a part of risk management
Jun 11 2019 at 07:48
Select a broker that has strong regulations and a guarantee of asset protection.
Use strong money management to protect your investment capital.
It is better to have small profits over time, than to have massive losses at any time.
Trade smaller lot and unit sizes, you can always step additional tickets into your trade basket as the previous ones become profitable.
Lock in your profits using a break even SL.
Use REASONABLE stop loss levels.
Use REASONABLE take profit targets.
Do not allow your emotions to guide your trading.
Do not trade when sick, tired, intoxicated, or other wise not up to 100% performance.
Avoid taking deposit bonuses, there are generally stipulations to the acceptance of the bonus which could negatively impact your account.
These are just a few suggestions from my own rules.
Just my opinion of course.
Use strong money management to protect your investment capital.
It is better to have small profits over time, than to have massive losses at any time.
Trade smaller lot and unit sizes, you can always step additional tickets into your trade basket as the previous ones become profitable.
Lock in your profits using a break even SL.
Use REASONABLE stop loss levels.
Use REASONABLE take profit targets.
Do not allow your emotions to guide your trading.
Do not trade when sick, tired, intoxicated, or other wise not up to 100% performance.
Avoid taking deposit bonuses, there are generally stipulations to the acceptance of the bonus which could negatively impact your account.
These are just a few suggestions from my own rules.
Just my opinion of course.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Understanding risk management and how to calculate proper Lot size is very important as well. That has saved me from some big losses
i believe on profitable strategy ..
if ur strategy hit 8 TP among 10 trades , then u dont need money managemment or risk M.. or any other thing . u must should know what to do
if ur strategy hit 8 TP among 10 trades , then u dont need money managemment or risk M.. or any other thing . u must should know what to do
skype id millennium.analyst
Jun 14 2019 at 07:21
fxsc1lper posted:
i believe on profitable strategy ..
if ur strategy hit 8 TP among 10 trades , then u dont need money managemment or risk M.. or any other thing . u must should know what to do
Anyone who advises people to ignore money management or risk management, clearly should be promptly ignored because they no real understanding of the markets.
No SL? Oh sure that's a really smart idea....
Enjoy those 3000 PIP flash spikes...
We've had more than one massive flash spikes in price movements in recent times.
And booom. Account blown...
If it looks too good to be true, it's probably a scam! Let the buyer beware.
