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never a problem to use big lot, but when the trader can not account for the lot he uses, then there would be issue. Accounting in the sense that the trader should be able to plan for it, manage it very well, and find a secured means of working in the market that would make his earning stable and safe. If risk is too much, it kills account.
To mAnage buSiness aT foRex tradinG, they aRe mAny points that have to master and follow, because some elements in there will have strong connection each others, and when they miss a thing , they will break everything, such as , trading is useless although they have enough knowledge but can not control the emotion,.
market have bad movements and we can not read and analyze it with well, for this condition it is better to stay away from it, helpful for us to reduce or avoid the risk, and although for them who have strong money management, at this situation, they will take the risk for nothing
our loSSes are loW and uNder contRol theN thE only way of doing that is by using lower trading volumes. When our trading volumes are less then our income will be less but the possibility of a loss will not be there. We have to consider all the aspects while we are doing our trading and one of them is to see if the risks we take are sufficient for us or not.
Well I don't really follow the risk management because most of the time I can't stop my self from takin more risk in the sense that once a trader have give me 20pips loss I try to enter that same trade with small lot and same direction that's a whole lot of risk am taking because if the market against me further I can lose all my investment so am not really following risk management.
this maRket very Well iS onE thiNg tHat is nEeded bY the trAders. TakinG low risk is good, but that is still not the guarantee that would help you all over in the market. Forex traders are looking for the main ways of trading by planning and good management no matter the risk the trader is using. And I so much believe that when the trader understands their risk, then they can do real management.,
there is no perfect trading strategy, so traders will sometimes get a loss. you can not be sure will get a profit or loss, because all is the analysis, no one knows for certain traders future price movements. so traders should use the appropriate lot size money management rule, if you have a bad emotion, you will violate the rule of money management
everytHing can haPpen to Us and almoSt of tHem wAs cauSed by uS, there are some factors that gave us good results or bad ones, and we got the experiences from them, so you are right, for them who have bad emotion will always violate the rules and break it, and continue the same mistakes, we have to avoid it with learn from the past or experiences,,
Em standing on the point that there is no perfect trader, any trader could make mistake at any time, and this is even irrespective of whether the trader is experienced or not. One fact that would help traders is to prepare for losses, having good managerial skills; both of the risk and the money the trader manages.
froM the mIstakeS and hOw to rEduce tHe riSk wiLl maKe us know how to trade safely and it lead us to increase profit automatically, so you are right that we have to make sure that we are not under the emotion before enter the market or it is much better to stay away from the market and let refresh the mind,,