UweMoench
Členom od Jul 19, 2020
751 príspevkov
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.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
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.
SofieAndreasen
Členom od Jul 23, 2020
759 príspevkov
Jun 27 2021 at 17:59
True. Risk management is essential in trading as it helps traders to survive in the market.
Suradi
(FXOday)
Členom od Apr 03, 2021
433 príspevkov
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
Albert Zieba
(Master_Z)
Členom od May 13, 2020
7 príspevkov
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
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
Jun 28 2021 at 10:33
Master_Z posted:Good calculation. I do a lot of calculations when I make a consistent profit.
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
Mauk
Členom od Aug 26, 2020
78 príspevkov
Jul 02 2021 at 06:42
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)
Členom od Sep 12, 2017
238 príspevkov
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.
AliaDare
Členom od Jul 19, 2020
788 príspevkov
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.
LyudmilLukanov
Členom od Jul 23, 2020
869 príspevkov
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.
SteveHanks
Členom od Mar 17, 2021
536 príspevkov
Jul 03 2021 at 09:54
SofieAndreasen posted:I agree with you. Risk management is very necessary to make money from this market.
True. Risk management is essential in trading as it helps traders to survive in the market.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
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.
Akasuki
Členom od Mar 28, 2021
617 príspevkov
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.
AliaDare
Členom od Jul 19, 2020
788 príspevkov
Jul 06 2021 at 14:27
Akasuki posted:The right thinking. There are many conditions to be a successful trader.
@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.
billysnyder
Členom od Jun 16, 2021
111 príspevkov
Jul 12 2021 at 05:07
I agree. Risk reward ratio should be around this only in order to earn else you might lose your money.
teadragon1
Členom od Jun 17, 2021
9 príspevkov
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
Hrenz
Členom od Jan 13, 2021
38 príspevkov
Jul 13 2021 at 06:13
You always need to rationally assess the situation and understand the opportunities that you can get and use.
Tremblay
Členom od Feb 23, 2021
330 príspevkov
Jul 13 2021 at 17:24
Hrenz posted:I agree with you.
You always need to rationally assess the situation and understand the opportunities that you can get and use.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
Jul 14 2021 at 16:56
AliaDare posted:Thank you, I hope you will help in the future with better information.Akasuki posted:The right thinking. There are many conditions to be a successful trader.
@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.