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%.
