There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
We have talked many many times about reducing the risk and respectively the loss. Good point but we all already know this :)
Accept the loss as experience
Mar 23 2018 at 04:31
Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
It sounds like you have to is all figured out. The part which you seem to be missing is that 'risk' has no real definition in forex.
My avatar explains "social trading" perfectly.
Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
100% doesn’t exist here; that’s way we traders need to follow the money management rules so honestly! Forex is all about probabilities, not certainty.
Mar 23 2018 at 13:05
goyankees85 posted:Mohammadi posted:
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
It sounds like you have to is all figured out. The part which you seem to be missing is that 'risk' has no real definition in forex.
Yes, risk has no real description; but we traders need to use much low risk ratio as we can! High risk ratio is always costly.
Mar 23 2018 at 13:07
I define risk as the percentage of the account that i would lose if the trade failed
BlueDino20 posted:
I define risk as the percentage of the account that i would lose if the trade failed
Do you use any fixed percentage? Or you have individual plan in your live trading?
Mar 27 2018 at 13:40
I similar. I risk 3% my account percentage each time
Wingandprayer posted:
I similar. I risk 3% my account percentage each time
I think, you have a good success ratio with your trading system, that’s way you are able to use the 3%.
Risk as a percentage of the equity :)
Mar 29 2018 at 11:13
I just use a fixed Lot size. Seems to work for me
Apr 01 2018 at 14:42
To reduce loss one needs to be able to plase SL and TP appropriately. Placing them poorly does not lead to profit.
Apr 02 2018 at 07:37
Peoples always said, please trade with the right money management. If you have so much money to deposit, then you can follow it.
How about traders that only depo $100? Do you think they are patience enough to have profit 2% per month? 😇
How about traders that only depo $100? Do you think they are patience enough to have profit 2% per month? 😇
Apr 02 2018 at 11:36
I have a $500 account and I have to risk quite a lot (as a percentage) each time I trade. Otherwise I would only be making a few cents and what's the point of that
Apr 03 2018 at 06:12
Cloudballs posted:Same as me. Thats why many trader like to take high risk position in order to make big money. We are eager seeking for big profit. Little will get high profit and start to consider to use low risk, but most trader will blown away all their initial.
I have a $500 account and I have to risk quite a lot (as a percentage) each time I trade. Otherwise I would only be making a few cents and what's the point of that
Cloudballs posted:
I have a $500 account and I have to risk quite a lot (as a percentage) each time I trade. Otherwise I would only be making a few cents and what's the point of that
What’s the average risk percentage? More than 3% or not?
nasrul_poyo posted:
Peoples always said, please trade with the right money management. If you have so much money to deposit, then you can follow it.
How about traders that only depo $100? Do you think they are patience enough to have profit 2% per month? 😇
The extrapolation in excel file may looks well... after few years, but in fact 99% never reaches them.
Apr 04 2018 at 06:10
nasrul_poyo posted:
Peoples always said, please trade with the right money management. If you have so much money to deposit, then you can follow it.
How about traders that only depo $100? Do you think they are patience enough to have profit 2% per month? 😇
Mostly they go for 100% profit even more, it’s my personal experience.
Apr 04 2018 at 10:57
What do you mean 100% profit?
