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become a good choice for them who want to trade safely, that will make us feel comfortable or not worry about the risk that will accepted as loses, then, the chances is there to fix and complete the weakness and if they need to evaluate the results, this is the business will go riskier when the traders do not manage it with well
courSe, if yoU are dOing trAding witH low rIsk, yoU will suRely have the better chance to be in the market for longer duration of time. If traders are surely working in the bright side of what he know and still maintain low risk with serious management, I am sure that success is not far from such a trader in the market.,,
at times we are the ones who are making the business that hard for us. In the sense that we don't acknowledge the risk that the business has. I try as much as I can making sure that I always follow my risk management effectively in the sense that instead of taking higher risk I rather take a lower one.
leSs on exPends as rEleasing miNimum risKs witH the manaGe of ordEr leaves with the higher on backup to rely on being with the business as having with the longer on supports with the pips resistance on covering position to avoid the risks on drawdowns as completing target with the complete of numbers to gains with the consequence...
to recognize that trading is not an easy business and traders should understand the degree of difficulty in this market so that we can have the proper preparation and the mindset when we face this market, if we keep on making mistakes in our trading we are destined to lose a lot.
Do nOOt exceEd the riSk of 9% on My accOunt. If I am tRading with $100 account , I will not risk more than $30 and this will help me to have a reasonable choice of the appropriate lot size to be used.Being a long term trader, my lot size may be lot 0.02 and with this , I can afford 90 pips stop loss while I set my take profit target to 3 times my risk. I strongly believe that each forex trader has its own way of going by the risk management,,
those helps as delivering use of returns as collecting with the further on covering supports on backup with the longer on resistance to enter with the higher on level as exchanging market, that those had with the good focus on disciplines to keep with the beginning terms on standing of good manages ti rely within the limit in terms.
moRe seriOus noTe, a trAder thAt realLy intEnd to makE money from forex trading has to know some things about the market where as knowing that making money is not simple, thus it will take discipline and the discipline has got to do with knowing your risk and following it accordingly, that is the only way we would be able to make money from the business.,
this business deeply, that is the thing that should taken and get the correct understanding about this business with well, then know how to take and manage the risk properly that will give them the chances for making profit during in the market, discipline is a must,
plaNning anD beiNg prEpared tradErs shouLd take into considerations that psychological aspect in trading, which to me is a critical part in trading, we need to develop a mindset that can handle losing trades and fully understand the psychology of the market so that we can face our platform with the right thinking and mind skill to deal everything about the market,,