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There is very much importance of risk management in this forex trading market because without risk management we cannot trade here so do proper risk management beforre trading here in thid forex trading market and it will leads you in making good profit
It is right that all forex currency traders knows how to perform risk analysis in their trading. This greatly helps a forex trader to study the market, study the pair that they want to trade and then take a minimal risk to protect their trading accounts.
Considering Risk is the same considering the capital management, money management should be vital and either we can falling in big loss in forex trading business . that's why money management is very important and it can be make safe our capital while we continuing losses in forex trading and can't get any profitQuote:
Originally Posted by ab.mivida
With a proper risk analysis, you will know where you can risk more and have a tighter stop losses than usually. This might reward you handsomely. BUt I only suggest this skills to anyone who are very comfortable in trading. If you are new, you just have to rely on money management.
I use risk agains my equity not on stoplose or takeprofit. because if we do not create a risk management we will always be followed by a big risk that would eliminate all of our money .. I should be able to calculate the risk of loss in every trade I make. it is very volitile and can give you many pips daily and also it has very low spread.
Well i thin k there is so important for a trader in Forex trade that first you should study and analysis about market and its direction. And b condition you made a strategy and apply this on your trade. You should make more then one strategy for a single trade..
I'm just playing the forex when the economic news will appear only news
it should be we can always minimize risk in the forex business is fine. because it's in the forex business is a very big no risk. so we did have to make calculations to manage the risks, so that we can minimize the risks properly, and it will make us have never experienced a loss is too great, and it will allow us to survive in this forex business.
i am agree with you.And i want to advise new forex traders that they should start learning the forex tradings on the eurusd as it is very volitile and can give you many pips daily and also it has very low spread
For me, risk analysis is similar to money management. I know they are different but I pays more attention to money management. I am not like some other traders who vary their lots depending on which trade they felt has higher chances of making profit. For me it's all the same.