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You don't need to be

UweMoench
Jun 27 2021 at 10:20
posts 739
You don't need to be correct 100% of the time.If you are correct 50% of the time and have 1:2 risk reward ratio, you will make money here. Problem is we want to be 100% correct and do not want to follow any discipline.

LukeRachel
Jun 27 2021 at 11:19
posts 467
Yes, you are right. It is never possible to keep a 100% profit percentage in trading. For this, we have to work by managing a 1: 2 risk ratio.

SofieAndreasen
Jun 27 2021 at 17:59
posts 736
True. Risk management is essential in trading as it helps traders to survive in the market.

Suradi (FXOday)
Jun 27 2021 at 21:34
posts 210
Yes very difficult to always correct all the time, sometimes we get fail and lose, even more, if get successive loss manual trading can lead emotion arises, now I am trying to use forex robot in my trading on pair EURUSD in my account FXOpen STP, trying to survive account

Albert Zieba (Master_Z)
Jun 28 2021 at 09:58
posts 7
50% is the average that you have taken as the minimum. Now imagine that there can be 15% of winning trades for a month and then 95% for a month in a row. Their average value will be 55%. This is exactly what happens

The success is mine
LukeRachel
Jun 28 2021 at 10:33
posts 467
Master_Z posted:
50% is the average that you have taken as the minimum. Now imagine that there can be 15% of winning trades for a month and then 95% for a month in a row. Their average value will be 55%. This is exactly what happens

Good calculation. I do a lot of calculations when I make a consistent profit.

Mauk
Jul 02 2021 at 06:42
posts 78
It is a very good habit, if you know how to calculate everything correctly and control your every step, I write down a trading plan.

lovefortrading (perryjohn765)
Jul 02 2021 at 06:51
posts 238
That is true, one can never be 100% true be it trade or life in general. There is risk involved and yes risk gives you rewards.

AliaDare
Jul 02 2021 at 17:21
posts 776
We do not want to make discipline maintained. If we are trading 1: 2 risk maintain, 50% of possible profits.

LyudmilLukanov
Jul 02 2021 at 17:48
posts 735
Traders don't need to be experts in trading. It is easy to learn to trade only if you are interested.


SteveHanks
Jul 03 2021 at 09:54
posts 530
SofieAndreasen posted:
True. Risk management is essential in trading as it helps traders to survive in the market.

I agree with you. Risk management is very necessary to make money from this market.

LukeRachel
Jul 03 2021 at 12:13
posts 467
Yes, I think so too, a trader can never be 100% correct. There will be some loss percentage but this loss has to be managed with a risk ratio.

Akasuki
Jul 06 2021 at 13:52
posts 441
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.

AliaDare
Jul 06 2021 at 14:27
posts 776
Akasuki posted:
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.

The right thinking. There are many conditions to be a successful trader.

billysnyder
Jul 12 2021 at 05:07
posts 69
I agree. Risk reward ratio should be around this only in order to earn else you might lose your money.

teadragon1
Jul 12 2021 at 12:23
posts 9
RR is no everything but it is important. But be careful not to go too extreme. An RR of 1:10 may sound great but will the price ever reach such a large target

Hrenz
Jul 13 2021 at 06:13
posts 38
You always need to rationally assess the situation and understand the opportunities that you can get and use.

Tremblay
Jul 13 2021 at 17:24
posts 330
Hrenz posted:
You always need to rationally assess the situation and understand the opportunities that you can get and use.

I agree with you.

LukeRachel
Jul 14 2021 at 16:56
posts 467
AliaDare posted:
Akasuki posted:
@LukeRachel Yes it's the managing the risk that makes a difference between good trader and bad trader. Bad traders are over confident and don't follow any risk management policy. Good traders are the opposite.

The right thinking. There are many conditions to be a successful trader.

Thank you, I hope you will help in the future with better information.

Predaktur
Jul 23 2021 at 07:21
posts 14
You don't need to be genius to make money on forex. There are two groups of forex stereotypes: 1. It's a scam (the most popular), 2. A trader should be super smart in order to make at least some money. Surely, a trader should possess some knowledge and skills but they are much easier to acquire than the knowledge about nuclear physics and Higgs boson. The key thing in trading, from my perspective, is discipline. Even if you don't really understand some economic concepts, but you have a good trading strategy that you can follow, you still have good chances to make decent profits.

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