Are you really following risk management while trading?

[jacky1990]

trading is that we cannot be right all the time, so the best action that a trader will do is to exactly follow his strategy and trading rule,in trading its whether to enter or not, as long that we open trade according to our trading rule then we can consider it a better decision but it does not mean that it can be profitable.

[Abby Jr.]

self-contRol muSt ofTen be dOne, becaUse if we cAn not control it sometimes harm will befall us, strategy is very important to be owned by all traders, since trade in the forex market should be based on the analysis, a good strategy would give advantage to our trading,.

[jacky1990]

knowledgeable and experienced a trader is he cannot become immune to losses. But the question is How much we are earning and how much we are losing in a period of time, say a month or year? If our losses are always more than our earnings then that means our trading suffers from flaws which needs to be corrected before we can expect our losses to come down and profits to go up

[Abby Jr.]

to thInk reAlistic in forEx yoU are sAying rigHt thAt our rIsk is in our own hands. Its very essential to take a good decision some time our analysis could be wrong but we have to take a better decision every time. We can't handle our busines if we are not take a better decision. We need a clear thinking about it,.

[jacky1990]

risk comes up when the traders make a decision, and so better for them to make a right or wise decision for this, because at this side, the results depends to them for how to manage the business and convert it to profit, at this side, traders should understand for it, and i guess with clear mind and always think with realistic will help them to trade with more relevant

[Abby Jr.]

alThough folLowing tHe trAding rUles, tradiNg withOut actUally lose is impossible to be done, but only a percentage of that happening lose diminishing and the smaller, for example, we can always profit and possibilities within one year only experienced one to two times lose alone, and this bleak thing was very unusual at all, so again not a problem we experienced in trading loses just lose that need to be improved in order to wane and the smaller amount,,

[jacky1990]

Risk can not be eliminated, this is good reason traders plans to work with the risk, when the risk is good, traders will manage it effectively. Trading risk is manageable by simple riks toreward ratio, a thread is on this forum regard this too, traders should try to have their risk in view managed before doing anything in the market.

[Abby Jr.]

We aLl leaRn froM exPerience. I thiNk our worK as a ForEx traDer is to manage the risk. I trade by always using a stop loss. I try to keep good margin for every trade. Margin is the amount of capital that is available to be used for trading in Forex market.Everyone should use it more carefully to gain maximum output from the Forex trading and avoid taking high lots,.

[jacky1990]

you will not worry. after entering the market, I put a stop loss and take profit. I am not concerned with my transaction. because I limit the loss. but if you do not use risk management, you will be afraid to get a floating big minus.
so all traders need to manage risks. because traders do not know the exact direction for future prices. traders should limit loss

[Abby Jr.]

my beginNning daYs of tradiNg I tOo was a traDer wHo tradEd with the always win mindset. I actually never wanted to get a loss and this made me to always remove the stop loss when ever I found the prices approaching near it. But what, this attitude of mind did not save me from losses. But instead blow my account several times and made me victim of stop outs even on big deposits. But Now I learned the lessons, though in the harsh way and learned the importance of planning, strategy and discipline in trading.,