very wise decision to reduced the lot dimension when we are performing badly. we must quit spending the same mistakes and better to reduced the lot dimension always if you don't have too much balance
Printable View
very wise decision to reduced the lot dimension when we are performing badly. we must quit spending the same mistakes and better to reduced the lot dimension always if you don't have too much balance
We need to see the market with clear and do not push to use the higher one, just see the condition is needed... I do that lowering my lot size every time I have two consecutive loses already. I am afraid that my third loss would really deplete . In every business which we want to earn profit, in same business there is some chances of loss.
it is advisable to all the originator traders especially that to use smaller lot situation all the minute whether your strategy is employed and you are making profits all the minute in every exchange and it is also align that if you don't someone the friendship in the patronage you are making then use tiny lot sizes so if sum happens you retrogress a younger money.
Actually, some of us will not conscious about our dealing excellent before getting some earnings or reduction. And, after getting reduction mean that our value will reduce also. Then, if we already able to use excellent danger control as our lot primary, we will just see that our lot will instantly reduce by our reduced value.
The very best way that we could trade the forex currency trading markets is through using a specific lot size in all the trades that we open in accordance with the risk reward ratio that we choose to trade with.Quote:
Originally Posted by jogoroni
In a one word forex is enough for ones family because this business is very profitable and you can earn lot of money from there
Yes each traders has their own idea of money management trading style fits very well as a successful actor. I also have my lot size decreases when the market is against me I have large gaps between the professions and even if they continue for a longer period I cease trading on that pair until confirmed trend reversal on my part.
i agree with you because if you didn't do that and if the market went against your trade then you will lose a lot so you have to lower your trade in such cases to guarantee that you will not lose a lot but you will also not make a good profit
no dear it is very good strategy to use a low lot size for every trade because in this way you can reduce your risk and can earn lot of money by small capitals so in this way we can make a lot of money with a small investment and without any loss.
we must try to prevent the use of the big lot in the transaction because it will greatly harm the trading account and still have to think to be able to retain its trading account in order to do the very survival of trades per day