Forex is too risky, so why you still doing trading?

yes, i also think to trading in the news si require hard work to analyze the market. if me, i just do a simple strategy that i only reading the economic calender and make pending order in the pairs that will affected by the news. sometime i wait the NFP in the first month, because the NFP news always make usd/xxx and usd/xxx doing quickly movement.

i did pending order in 15 minutes until 5 minutes before news will release. you choose a buy stop and sell stop on the position not buy limit and sell limit. and then set your take profit and stop loss. the range of pips that we set a buy stop or sell stop pending orders is 15 pips until 20 pips . this strategy would be better when you do it in Non Farm Payroll News.

i agree with you that forex is risky if we trades dont using rules and good strategies. forex trading is too risky, even you trade with blind, it mean you just make donation to broker..
we must know first about risk in forex and then we'll think about gain. so risk management is very important

You're welcome..
not, i mean is the range of pips when you set your pending order. ex : the current position is on 1.700 and then you did pending order and set on 1.715 ( it mean you did a buy stop of pending order on 1.715 ), and then you can set your TP until 1.730 or more its depending by you. usually a non farm payroll news have doing movement more than 50 pips even until 100 pips.

i think we can set to take a small profit then we get low riksy too.
this is better than we take a large profit and we dont know about risk which we are taking.
sometime when we hope a large profit than the market is different wih our analysis certainly we can get high risk.

of course, all the result is depending by us, so we must manage our money with seriously.
forex is too risky we must minimize it with low risky and we must hope a low profit too. dont too hoping a high profit because its very dangerous for your account..

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Originally Posted by anitagala124

yes, so take 2% of risk is better..
and you set yor profit target is 1%, so the ratio is 1 : 2 (TP : SL)
i think is good and safe for your accout.

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I think your limits are too low. Why do you set these. After opening an order these limit will be crossed within minutes right? It can be done manually too.
Moreover if you are placing an order when the value is consistantly decreasing, there is a greater chance that every time the stop loss point is hit. I dont think it is practically possible to make profit with such small SL.

Many traders are losing in forex trading and yet they simply do not want to quit. This is because they are getting more knowledge about forex trading from time to time and they already know that there are developing themselves to know more and make successful trades.

right sir, discipline is very important in our trade,
i think when we can do it with well, the other thing like money management and risk management will work well also.
discipline is good soul of trader and this is must done by all trader.

all have the way. like in forex trading we will be able to reduce the risk by risk management.
so minimize your risk to maximum your profit. i think risk is very difficult to avoid, because in our trade sometime we will make wrong decision and the result is loss.