Every one say forex trading is risky, i am keen to hear if there is a way to eliminate the risk completely?
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Every one say forex trading is risky, i am keen to hear if there is a way to eliminate the risk completely?
I use a simple technique an that is i make protocols/rules for trading and before making a trade i make sure that i follow them and never trader beyond that rules. And this save me from risk taking. After every failure i eveluate my trade and strategy and after finding the reason of failure i update my trading rules.
Another way that i use when i feel that i am taking more risk at that time i decrease my risk to lowest possible level that force me to open few trades only and save me from huge losses.
Options trading are primarily used to minimize risk in FOREX trades. They help to protect against unexpected fluctuations in the market. When you buy an option your potential loss is limited to the price of the option. When you sell options your potential loss can be significantly higher
yes of course, there are many tips to reduce or control the risk then we can trade with well and i guess you have already known about it with learn and read for some threads at this forum, then you only need to make implement it at your trading
where there is a way to make profit there is a chance to loose as well. it comes together. there is no one who can say he can live without the risk of dieing so there is no way to eliminate risk.
One way is using the Stop loss. Second way is not using the stop loss but it is not so simple.
If you don't want to use SL- you need good money managment and big account balance.
For example :
Account balance : 10 000$
Lot size: 5 lot
Numbers of position opened: just 1
In this case you have 2000 pips to hold on floating minus as a defence- so you've elimineted the risk because there is no way that price will go opposit by 2000 pips. It will touch your TP one day- just wait
Yes, there is a sure way to eliminates risk, and it is that you should quit the trading market, before a maize can grow, it must die first, this is why you have to take risk to gain big.
In order to avoid making mistakes and to take proper decisions every person should take right decisions and forget about any problems. What is more, it is better to think of the outcome. Never rely on some lucky event. Only deep knowledge and careful understanding of what is going on will help you to overcome the difficulties and to get the best results. If you have any serious intentions, try to take the right decision and to learn what is going on in order to overcome the difficulties and to get the best results
Hi guys I think that about this question such
One way is using the stop loss. second way is not using the stop loss but it is not so simple . If you don't want to use SL you need good money management and big account balance,
for example:
Account balance :10 000$
Lot size: 5 lot Numbers of position opened: just 1
there's no way you can eliminate the risk in forex, risk will always there whenever you find opportunity to create profit. The only thing we can do is how we can cheat on it, by using stop loss, money management or risk reward method. these are the ways you can stay longer in forex market.