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its true if you take high risk that means you will get double profit. but who know that your prediction is always going on your right side. forex is not a flyway if you want to fly here then soon you become down on the ground. so always manage your lot size compare with your initial deposit its a good idea for forex traders.
Yes it is best idea to trade with money management but some time with should breaks rules when trend is well known and news are effecting the market, so this is the opportunity which you can avail for increasing your profit but limited.Quote:
Originally Posted by nad007
Double profits are all traders expectation.If i trade with my skillful knowledge i can make my profit double.But it is not possible all the time we think.We may be looser for our having trouble when we make a mistake in trading.So i think we should be careful for our getting double profit mos of time, there is a proverb that "weal and woe comes by turns"
lot size should be based on the equity. we cant trade with doubling the lot size every now and then without a proper management. in my my opinion its always better to stick to a fix lot size and open positions accordingly. doubling the lot size wont bring profit without knowledge of the market movement. its the understanding of the market that will make profitsQuote:
Originally Posted by newentry
Yes i agree that greed for double profit is also the risk of double lose.So no trader should only think of double profit when trading.They should always keep in mind that All the time it is not possible for them to make double profit as they wish.When we need a lot of money then we trade in a risky way for making our money double,we forget about our double losing and sometimes happened so.
The best and most recommended method is doubling the lot when the transaction right or with the direction of the market. Instead, immediately close the position if it is contrary to the direction of the market. It's simple but many traders cannot apply
If you just check the profit there,I think you can see the double profit when you make double lots there.But when you really trading in forex with double trading,you may usually lose in forex.becasue you have not control your emotions better.Sometimes you can not make a right decision there.
i think trading is not same with gambling, trading is a bussiness that have a high risk. When open a position think about risk, because nobodys know where the price will move. So if you want to open a position, try to make analisys, calculate how big your profit target and how big you can accept your risk if you loss. Try to make a trading system and learn about money magement, because forex is a business not a gamblingQuote:
Originally Posted by newentry
if the trader want to get more profti from their hard work then there are many steps for it, with increase the lots size with compound the balance or they just increase the capital at their balance besides they hahve good knowledge and strategies, of course the risk is always there and they have to accept it as their consequence..no profit no risks...big profit big risks..
ots need to raise your calculations will only mature, we must not only pursue to earn the profit that much, because it makes us greedy growing. traders are good but as we may not have the nature of greed, because these properties can make our trading chaotic and cause us loss.Quote:
Originally Posted by newentry