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Top 5 Fundamentals of Forex Risk Management

WINNINGS (NzeCapitalTrades)
Aug 05 2020 at 16:52
59帖子
Marraby posted:
Wow, a very helpful post) I love the way you wrote about the importance of risk management and its most popular misconceptions. In fact, nowadays, taking advantage of risk management and reducing your losses is a necessity, without which it's very difficult to trade successfully. Thank you author for the valuable information, I support your desire to share it. The more people follow the basics of risk management, the more profitable traders will be on this forum))

You are welcome, If you stick to the above rules, you are made. It's sad I traded for the wrong person for years, who refused to pay me my dues after 9 years.

NO EMOTION DURING TRADING.
Thines1
Aug 05 2020 at 17:18
25帖子
All the points are important, but to me, the most important point of all is stop loss point. Many people ignore them, thinking that this tool somehow interferes with their trading strategy and stuff like that. But it isn't like that at all, but only a big misconception. The importance of stop loss in risk management is much greater than some of its dislikes are willing to admit.

Beagelv
Aug 06 2020 at 08:59
81帖子
Pretty practical advice, because everyone wants to make the amount of risk as small as possible.

SofieAndreasen
Aug 08 2020 at 16:16
658帖子
NzeCapitalTrades posted:
4. Leverage
Leverage in forex allows traders to gain more exposure than their trading account might otherwise allow, meaning higher potential to profit, but also higher risk. Leverage should, therefore, be managed carefully.
While researching how traders fared based on the amount of trading capital being used, DailyFX Senior Strategist Jeremy Wagner found that
traders with smaller balances in their accounts, in general, carried much higher leverage than traders with larger balances. However, the traders using less leverage saw far better results than the smaller-balance traders using levels over 20-to-1. Larger-balance traders (using average leverage of 5-to-1) were profitable over 80% more often than smaller-balance traders (using average leverage of 26-to-1).
Based on this information, at least when starting out, it’s advisable for traders to be very wary of using leverage and to be mindful of the risks it poses.


5. Controlling Your Emotions
It’s important to be able to manage the emotions of trading when risking your money in any financial market. Letting excitement, greed, fear or boredom affect your decisions may expose you to undue risk. To help you take your emotions out of the equation and trade objectively, maintaining a forex trading journal or log can help you refine your strategies based on prior data – and not on your feelings.

Thanks @NzeCapitalTrades for sharing such wonderful tips. Especially newbie in trading ignore the risk of forex market. They want to be million in one. They use high leverage to gain more. But in the end, they lose all their capital.

WINNINGS (NzeCapitalTrades)
Aug 08 2020 at 17:11
59帖子
SofieAndreasen posted:
NzeCapitalTrades posted:
4. Leverage
Leverage in forex allows traders to gain more exposure than their trading account might otherwise allow, meaning higher potential to profit, but also higher risk. Leverage should, therefore, be managed carefully.
While researching how traders fared based on the amount of trading capital being used, DailyFX Senior Strategist Jeremy Wagner found that
traders with smaller balances in their accounts, in general, carried much higher leverage than traders with larger balances. However, the traders using less leverage saw far better results than the smaller-balance traders using levels over 20-to-1. Larger-balance traders (using average leverage of 5-to-1) were profitable over 80% more often than smaller-balance traders (using average leverage of 26-to-1).
Based on this information, at least when starting out, it’s advisable for traders to be very wary of using leverage and to be mindful of the risks it poses.


5. Controlling Your Emotions
It’s important to be able to manage the emotions of trading when risking your money in any financial market. Letting excitement, greed, fear or boredom affect your decisions may expose you to undue risk. To help you take your emotions out of the equation and trade objectively, maintaining a forex trading journal or log can help you refine your strategies based on prior data – and not on your feelings.

Thanks @NzeCapitalTrades for sharing such wonderful tips. Especially newbie in trading ignore the risk of forex market. They want to be million in one. They use high leverage to gain more. But in the end, they lose all their capital.


You are welcome

NO EMOTION DURING TRADING.
UweMoench
Aug 13 2020 at 10:13
639帖子
Thank you for your valuable post. Risk management is the most ignored aspects of trading by many traders. Everyone wants make money very quickly, that too without proper knowledge, skills and understanding.

CirillaCosta
Aug 13 2020 at 11:24
34帖子
Very good writing. This will help a lot of new traders in the market.

IvanMelnik
Aug 13 2020 at 11:56
34帖子
I agree withe the 5th point that is controlling emotions as too many traders fail to overcome emotions while trading.

Fridrike43fr
Aug 13 2020 at 12:22
6帖子
I can share my trading experience, the first is not to exceed the lot size, if the lot is too large there is a serious chance that you will lose your account, try to determine for yourself what amount you can donate and how much you are ready to earn and then close the account. Don't be greedy, use stop loss, and may the force help you

Miguelfabian
Aug 19 2020 at 06:10
39帖子
The risk-reward ratio of 1:3 must be followed.

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