May 27 2011 at 21:36
Make a plan to fail. If it works, you've SUCCEEDED and you'll never be afraid of failure again.
Jun 13 2011 at 09:27
Money Management, i'm lovin it
http://www.freeforexrebates .info
Jun 16 2011 at 07:50
great advice- thank you for starting this thread!
i have a question if my total risk lets say is 2% of ma initial capital what should my stoploss be? coz im confused between risk management and stoploss could someone please explain..thank u
Rise above hate.
Aug 14 2011 at 09:21
moe247 posted:
i have a question if my total risk lets say is 2% of ma initial capital what should my stoploss be? coz im confused between risk management and stoploss could someone please explain..thank u
Your stop-loss should be equal to your risk percent. If you risk 2% per trade, this means that your stop-loss, if triggered, is equal to 2% of account funds. This risk percent has nothing to do with the amount of capital you trade. That is, it is not the maximum funds you commit to a trade, but rather, the maximum funds you are prepared to risk (lose) per trade.
Say you have $1,000 capital. Your risk percent is 2% or $20 on $1,000 capital. This means that your stop-loss should not exceed $20 in order to meet the 2% capital rule. Now, suppose the difference between your entry price and nearest support/resistance is, say, 50 pips and each pip is worth 10-cents (micro contract). If you place your stop at nearest support/resistance, you risk 50 pips, or $5.00 in this example. If you now divide $20 by $5 you come out with a factor of 4, which is the total number of contracts you could trade in this instance without exceeding the 2% rule.
Hence, the capital risk factor determines the number of lots that can be traded on a given trade set-up. In the example above, if the stop-loss was 100 pips ($10) then maximum lots is 2, but if the stop-loss is 20 pips ($2.00), the maximum lots increase to 10 in this case.
Dec 23 2020 at 19:43
EVery new trader should choose a regulated broker to trade in the forex market.
I always advised a beginner to analyze his working day in order to understand where what mistakes are made and his time to correct them.
Feb 02 at 11:29
ElliotCooke posted:
EVery new trader should choose a regulated broker to trade in the forex market.
Totally! Staking your funds with brokers, who aren't even backed up with a good regulation, nothing worse than it
Feb 02 at 12:05
According to me, candle chart is much useful than the others 2 one; I basically rely on the candle chart for understanding the technical signal of the candle chart. Even, I don’t need to use any kind of technical tool.
Feb 02 at 13:01
newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
