care free mindset(proper risk)

Hello family traders, I just want to say stick with a system that you backtested and understand, stick to a fixed low risk trading and with patience you will feel liberated! I wish everyone success in trading and keep at it!

Two things are most important in trading. That is, risk management and money management are two things that a trader can never succeed in trading if they are not right. Forex Trading possibility Market So if you want to work in this possibility market you must manage risk. Successful traders always maintain a 1: 2 risk rewards and they do not take more than 2% risk for each trade in their account.

I agree brother @AliaDare

I agree with all of the above, especially sticking to your system, important not to let momentary feelings deter you. Plus, have a good exit strategy within that system.

@DoraWalletInvest I agree 100% the exit strategy is very important, it'll determine if you are profitable.

You have to find that strategy by your own. It's not possible by following other's people strategy. You have to take time and test your strategy over a period of time to find out winning percentage, risk reward ratio.

@UweMoench yes, very important!

AspiringTraders posted:
Hello family traders, I just want to say stick with a system that you backtested and understand, stick to a fixed low risk trading and with patience you will feel liberated! I wish everyone success in trading and keep at it!

Panic is an enemy of your trading strategy and analysis. When a trader enters a trade, definitely they must have analysed it properly and based on fundamental or technical they entered at a price point. We know forex market is extremely volatile and uncertain but that doesn't mean you let go your initial strategy and amend your trades. Just Calm down and trust your strategy.

Keeping a lot size is the key to carefree trading and getting a carefree mindset

while trading one should have a strategy and proper risk management because market is volatile and you never know how it's going to play.

risk management is so important but so often ignored. Why most people crash and burn so soon

Idowu posted:
risk management is so important but so often ignored. Why most people crash and burn so soon

SL is one of the key parts of risk management. Many traders are against using it. They end up losing all capital.