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You don't need to be
Uczestnik z Jul 19, 2020
749 postów
Jun 27, 2021 at 10:20
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.
Uczestnik z Mar 16, 2021
447 postów
Jun 27, 2021 at 11:19
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.
Uczestnik z Jul 23, 2020
696 postów
Jun 27, 2021 at 17:59
True. Risk management is essential in trading as it helps traders to survive in the market.
Uczestnik z Apr 03, 2021
437 postów
Jun 27, 2021 at 21:34
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
Jun 28, 2021 at 09:58
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
Uczestnik z Mar 16, 2021
447 postów
Jun 28, 2021 at 10:33
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.
Uczestnik z Sep 12, 2017
232 postów
Jul 02, 2021 at 06:51
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.
Uczestnik z Jul 19, 2020
742 postów
Jul 02, 2021 at 17:21
We do not want to make discipline maintained. If we are trading 1: 2 risk maintain, 50% of possible profits.
Uczestnik z Jul 23, 2020
816 postów
Jul 02, 2021 at 17:48
Traders don't need to be experts in trading. It is easy to learn to trade only if you are interested.
Uczestnik z Mar 17, 2021
494 postów
Jul 03, 2021 at 09:54
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.
Uczestnik z Mar 16, 2021
447 postów
Jul 03, 2021 at 12:13
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.
Uczestnik z Mar 28, 2021
586 postów
Jul 06, 2021 at 13:52
@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.
Uczestnik z Jul 19, 2020
742 postów
Jul 06, 2021 at 14:27
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.
Uczestnik z Jun 17, 2021
9 postów
Jul 12, 2021 at 12:23
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
Uczestnik z Mar 16, 2021
447 postów
Jul 14, 2021 at 16:56
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.
Jul 23, 2021 at 07:21
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.
Jul 27, 2021 at 18:18
The writer of the text is absolutely right by saying that we cannot be 100% correct about the market and all of its movements. It is true that if there is adequate risk reward ratio, there is no need to be 100% right to make forex trading profitable. 50% of success can bring you profits.
Oct 06, 2021 at 20:19
It is impossible to disagree with this statement. It is just sheer arithmetics which cannot be discussed. Risk/reward ratio is one of the most important things in trading as it is next to impossible to be 100% right on the market because markets are totally unpredictable. If you are right in 50% of cases with a nice risk/reward ratio, then your trading will be profitable.
