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PeopLe wHo dOnt leArn prOperly doNt know exactly how to trade. But such people usually get many losses. Such people who did not earn from forex and suffer consistent losses in the trade may dislike forex. i think, they will hate forex very much because forex eat their money.,
Experience teaches us importance of stop loss and also helps us to develop a good trading mindset. In my beginning days of trading I was a trader who traded with the always win mindset. But what, this attitude of mind did not save me from losses. But instead blow my account several times and made me victim of stop outs even with big deposits.
rIsk maNagement heLp traDers thEir acCount not to get burn easily but its only one piece of the puzzle, we need other aspects in order to succeed, developing the right mindset is necessary so that we can move on in a direction where we can become a discipline and consistent trader and not a losing trader.,
Trading carelessly will bring us losses upon losses. We should follow money or risk management in trading and never be aggressive. I am a simple trader in forex and i am satisfied in my earning from forex but some times I earn more money which i do not suppose to be guess, and some time i make lose too.
followiNg my rIsk manAgement, and sO far so goOd it has been helpful to me, risk management would help us protect us from loss, therefore those who are making use of it will be successful despite the loss they would be having in the market. Therefore it is important that we all learn how to make use of it and ensure applying it in the right way.,,
Carelessness usually sets in when traders dont care about how much risk they are taking. I think our work as a Forex trader is to manage the risk. I trade by always using a stop loss. I try to keep good margin for every trade.Everyone should use it more carefully to gain maximum output from the Forex trading and avoid taking high lots
to underStand tHat Forex tRading is fiLled with risk, therefore we need to learn and understand the business the more, I know that forex trading is one of the best internet business of which we can make so much amount of money from, but then when we are trading without being able to manage our risk we would become less profitable..
good for traders to know that this is a risky business, and it is highly uncertain at the same time. It is very good for traders to always be doing their trading based on surety and certainty of the trading system they are using, and they will strictly be using the risk management for more earning as well.
wE neeD to undErstand hoW risk maNagement woRks, where as knowing that it is the only thing that would lead us to successful trading, forex trading is a kind of risky business thus we have to protect our accounts, in addition all business has the risk so therefore it is general and in forex trading we have more opportunity to get protected the more.,,
management is very important, when we experience loss or we are losing in one trade, we tend to double our lot on the next order thinking that we can recover our loss that way. but it may be another order where we can get incur loss again. so doing that can aggravate our loss . better learn how to read chart well than just keep on doubling our lot in each order.