Paquito posted:
And that is what you like about Forex? That are all the things that I hate about Forex!!! Each to their own I suppose
My point is: when you have a good trading skill, then nothing is unplayable actually.
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
Mar 28 2019 at 12:53
Imamul posted:
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
No doubt leverage is a good feature but traders need to use this feature smartly! Nice to see, you are conscious of leverage; and I am hope you are calculating risk reward ratio so carefully.
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
Imamul posted:
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
Without learning; the path is too much sticky! Even, there is no way! Only good skilled Forex traders able to make regular money here.
We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.
As a newcomer I fall a great loss , sometimes has lost almost whole balance especially when tried to recover instant loss by revenge over trading.
Mohammadi posted:
As a newcomer I fall a great loss , sometimes has lost almost whole balance especially when tried to recover instant loss by revenge over trading.
I got your point; in this case; you need to take care of money management rules so honestly!
only we can learn when making a loss ,
and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.
and in demo this experience not possible , so i always prefer live trading for acquiring real trading knowledge.
Loss is a common issue in forex market. There is no trader who can trade without any loss. We can not remove risks but we can minimize the loss by studying more and more about forex market. We can also select a good broker to get the guideline of minimizing the losses. I always trade with Tpglobalfx, a regulated broker. They help me to minimize the loss and help to make profit. They are like a complete guideline for me in this risky market.
