Are you really following risk management while trading?

[Abby Jr.]

oWn waY of manAging rIsks in trAding anD the wAy you appRoach yours might be different from mine but the over all objective is to stay safe in case things work contrary to our plans. It is the way you manage risk that determines whether you are going to stay long in forex trading or not and those who are fond of trading forex without being mindful of the risk are truly to be pitied because they will lose their account no matter the size of the account,.,

[jacky1990]

Forex is not the business where we will be able to stay long without risk management. The risk is trading is high and when we use stop loss then there will be less risk for us. Forex is overall a good opportunity for us to earn money, therefore we must seriousin this business and try to do our best when trading

[Abby Jr.]

appliCation of mOney manAgement wiTh fUll disCipline of courSe wiLl helP tradErs to minImize the riSk of loss, if the risk of loss has been minimized, then of course, trading capital is not shrinking significantly when get loss trade. and traders also have the opportunity to perform recovery return on equity trading who have achieved previous losses.,,

[jacky1990]

due to the mistakes and losses will never achieve success in Forex. We should have passion to correct mistakes and progress further. Such people who dont have proper mindset or are not serious towards their mistakes never succeed in Forex. But such people usually get more losses as their mistakes grow in number.

[Abby Jr.]

maKing miStakes thE thiNg is We sHould lEarn witH these mistakes and move on. To succeed risk management should always be complied. Its take too much time becoming successful. But it can be easy if we have the all requirements of forex trade like appropriate knowledge, trading siklls, strong analysis and all other things,.

[jacky1990]

much important for us to follow risk management because following risk manage will help us to trade the right way that the market won't mean any big harm to us even if we lose that's why we need to make sure that we follow risk management, if we don't follow risk management we can succeed trading in the market because this is a very risky business if we can't manage the risk it will never be possible to succeed.

[Abby Jr.]

thEY arE noT folLowing a wroNg systEm but They are ignorant about the market and they did not know when they need to close their profit position. Some traders just can not get satisfied with what they have. If they can try to make a rule such as gaining 10 pips and closing 10 losing pips then the result might be much different,,,

[jacky1990]

I do follow it when trading and for sure I am following it as that is the only way I would be able to become successful, so many people are losing their money in forex trading because they have the wrong trading method been followed, trading is all about knowing what works for you and your strategy and doing it just as that.

[Abby Jr.]

TheRe is noT otHer waY to suRvive in tHis market except manage our risk well. Following risk management is the only one key to trade without blowing up our trading account. Without risk management, i think not matter how good is our skill, it is hard for us to survive and make profit since forex will makes us takes high risk in every trade,.,

[jacky1990]

risk in here is something all traders need to do no matter what. As for building position depending on the price action, it might just be wise to add position on certain price and accept when we need to close the position when we made the wrong entry on several price as well. But risk reward is not everything in here and it will be more important to predict the direction.