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!
you only produce results
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
you only produce results
Sep 15 2020 at 09:48
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 only produce results
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!
you only produce results
Sep 17 2020 at 05:41
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.
The more your practice, the more you learn.
Keeping a lot size is the key to carefree trading and getting a carefree mindset
Oct 13 2020 at 06:12
I agree with all that you are saying. Back test people!
Oct 14 2020 at 05:57
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
Oct 28 2020 at 13:56
Idowu posted:SL is one of the key parts of risk management. Many traders are against using it. They end up losing all capital.
risk management is so important but so often ignored. Why most people crash and burn so soon
Nov 20 2020 at 06:14
Out of the different things, money management and risk management are the most important ones that will make your forex trading career easier and better.
Nov 25 2020 at 07:58
I believe that you should stick to your strategy as much as you can if you want to make profits in the long run.
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