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I concur with you and i cogitate that the investor staleness psychotherapy the industry firstly, should have linkage with the whippy majuscule and money making industry so that the chances of diminution may be tract and chances of earning may be growth.
the risk analysis and then formulate it into our risk management strategy as it is an important part we have to do before we starting trading in forex as money management can make you profitable or can make you loose all your money capital.
i am agreed on your point before investment we have to view the fundamentals and technicalas and inter related analysis as they are very very important we must also work with proper stop loss and take profit
a trader must plan his trades. plan means he always do his homework, he should have all the information regarding the pair he is going to trade. if he doesn't know the full story, he will definitely feel the pain of loss in the end. always think twice before opening a position, its 1000 times better than thinking after opening the position.
Forex trading can be really venturesome if you don't use prim chance direction. Forex is wise to be one of the most venturous forms of investing because of the availability of leverage. New currency traders can inform the risks by acquisition seemly assay direction and nonindustrial a coagulated trading intend.
I think the indicators are necessary from the trading field however the risk analysis are so minimally necessary the two main are necessary from the trading merely you might want to not earn inside the bases of risk analysis just inside the bases of indicators.
I don't agree with you, we can trade without indicators in forex field. All we need is practice thoroughly on price action candle stick patterns so that we can trade good using them. As most of the indicators lagg, so we should trade witout them.Quote:
Originally Posted by hapy forex
Importance Of Risk analysis.your advice is good and i am agree with you. we need to make own plan before starting our trade. without proper plan we can minimize our risk and make good profit. we need to fixed our lot size by calculating our equity and loss ratio also.
It is important for a trader to study and analyze these markets and analyze the risks involved before they perform their trade and at the same time make all the measures to minimize their risks and reduce their losses and use money management effectively.
yes use good money management we can minimize the risks and reduce the losses. Forex is a very profitable, but it is very risky and tough for us, we can make a lot of money for currency trading, but if we have good trading skills and sound business strategy on the foreign exchange market that we might be losing in forex market. It is easy to join this business need to work hard to learn and get good skillQuote:
Originally Posted by linefx