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Risk management Guild lines
Feb 11, 2024 at 15:46
Vistas 547
6 Replies
forex_trader_3596980
Miembro desde Feb 08, 2024
posts 25
Feb 11, 2024 at 15:46
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
Feb 12, 2024 at 18:25
TheCrowdTraders posted:
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed
forex_trader_3596980
Miembro desde Feb 08, 2024
posts 25
Feb 12, 2024 at 18:28
Oscar555 posted:TheCrowdTraders posted:
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed
Good contribution.
Feb 15, 2024 at 18:08
alpenaltev posted:Oscar555 posted:TheCrowdTraders posted:
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed
I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.
Yes, but following all the points is hard work. And this should be done as a full-time job.
forex_trader_3596980
Miembro desde Feb 08, 2024
posts 25
Feb 16, 2024 at 08:02
Oscar555 posted:alpenaltev posted:Oscar555 posted:TheCrowdTraders posted:
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed
I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.
Yes, but following all the points is hard work. And this should be done as a full-time job.
Yes, Fx is a full time job, that is why I'm full time trader
Feb 16, 2024 at 17:46
TheCrowdTraders posted:Oscar555 posted:alpenaltev posted:Oscar555 posted:TheCrowdTraders posted:
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed
I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.
Yes, but following all the points is hard work. And this should be done as a full-time job.
Yes, Fx is a full time job, that is why I'm full time trader
What currencies are you trading?
Miembro desde Feb 02, 2024
posts 23
Mar 07, 2024 at 10:13
Those are all great points! I especially like the one about controlling emotions – that can be the trickiest part of forex trading. For me, using a stop-loss is non-negotiable. It helps me sleep at night knowing I've limited the downside, even if it means missing out on some potential gains.
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