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risk maximum 30 pips. Be realistic don't set you risk target on pips always in percentage of your equity like you enter into a trade and for that trade you decided to risk 2 percent of your equity than according to that calulate you pips and put a stop loss there.
this way of trading to me is not the right way to look for money in the forex market rather to me is the best way to loose all the money in your trading account even more quicker than you can imagin because what this style of trading means is that if you loose once then you need to win 10 times before you can recover what you have lost then this is rubbish.
It is always a useless startegy that a forex exchange trader would risk too much money just to make a smaller amount of money. A forex trader should always make sure that they get a risk reward ratio that is good.Quote:
Originally Posted by xiaotanghao
If our take profit just 10 pips and our stop loss 100 pips. Then when we get loss, loss 100 pips, then we must trade for 10 times to recover our losses. I think it really bad risk management, easy to get much losses.
ji han ap easily es tarha 10 pip se zaida gain kar sakty hai kam as kam 20 pips tu easily. lekin aik baat ka kiyal rahkain aisa tab karain jab market 80 pip se zaida ka business kar chuki ho tab aisi trade lagain ap ko asani se 20 pip mil jain gay. business pair ny kam kya ho phir risk na lain.
in forex business we should always focus on risk to rewards ratio and if we risk 100 pip and wanted to profit only 10 pip then this is not a good trading strategy because we should make such strategy in which our rewards should be higher than our risk..
yes dear i belive that nothing is impossible in this world and i think that you should be an expert in forex trading business to be a good trder and to earn profits from forex trading and to be relax
It's possible but it should not become a main goal...it's better instead of pursuing such big movements to concentrate on a
small but consistant profit. For instance, make just 10-20% a day, and day by day, cause it's not so hard and risky, and in just one month you can grow your capital from $100 to $1700.
See below the compound interest calculations. Be disciplined and patient and you'll be rewarded.
hello dear
i try and try again.. even i wrong to see tren, i just loss 50 pips,, in other way, if i right to see tren, i can get profit more than 50 pips, it can 100pips or more .
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i think that every thing is possible but you should be an expert in forex trading business to gain from forex trading and i think forex trading is the best business and you should learn forex to become asuccesssful tradeer in forex trading and to be auscceesssful trader in fore xtrading buisness