Trading Discussion Risk Management In Forex

Benjamin Aphedzy

New member
If your analysis is wrong, please take small loss and go home . "He who fights and run away will live and fight another day but if he dies while fighting, he can't fight again and he who also gives up the chance of winning"
Always have a risk before you start a trade , make it a reasonable risk not over 200 pips. That's something to put in mind in the first place , it's not even advisable to put a stop loss over 200 pips as a swing trader . Anonymous speaker once said , If Stephen in the Bible had run away when he saw that the people were about to stone him to death, he would have at least, lived another day because Jesus Christ escaped from synagogue when the people had the wanted to arrest Him when it wasn't his time. Well John fought and escaped to Patmos. That's why we have the book of Revelation today in the Bible .

As a trader, learn to fight and run away . It's not cowardice, it's wisdom.
 

btaliat

VIP Contributor
There is what it is called gambler fallacy in trading. Most times, when a gambler loses his money, he will always have the mindset of recovering more of the money by doing trade or when he gains in a trade, he will want to trade more with the aim that he will still win.
 
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Sotherefore

VIP Contributor
Yes I understand what you're trying to say that we should learn to fight and run away but me this is not incomplete course, there are a lot of things we need to consider when we talk about risk management and most of these are what we will understand when you are really seriously take a special training on risk management when you are trading Forex or cryptocurrency.
 
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btaliat

VIP Contributor
Risk mamagement starts from knowing how to trade save. A good trader should not be greedy to the extent of trading with what he can not afford to lose. Aside this, he won't let fear be his hindrance. He always greedy when others are fearful and always fearful when others are greedy
 
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Good luck

Valued Contributor
Every business has its risk.One needs to be smart and wise in taking any decisions in terms of doing business.Managing a forex trading requires a lot of intelligence and analytics account.You need to have a very good idea of how the chart is being monitored.It entails a great risk if one don't understand the procedure.Life is a risk.be wise in doing business
 
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Inspirator1

Verified member
If your analysis is wrong, please take small loss and go home . "He who fights and run away will live and fight another day but if he dies while fighting, he can't fight again and he who also gives up the chance of winning"
Always have a risk before you start a trade , make it a reasonable risk not over 200 pips. That's something to put in mind in the first place , it's not even advisable to put a stop loss over 200 pips as a swing trader . Anonymous speaker once said , If Stephen in the Bible had run away when he saw that the people were about to stone him to death, he would have at least, lived another day because Jesus Christ escaped from synagogue when the people had the wanted to arrest Him when it wasn't his time. Well John fought and escaped to Patmos. That's why we have the book of Revelation today in the Bible .

As a trader, learn to fight and run away . It's not cowardice, it's wisdom.
It is a funny write up you have there, sir. This your analysis is not suitable for who truly is a trader. This is sequel to gambling with the market profit and loss margin. Yes, you might make gain but that is not trading.

Who is a forex trader? A forex trader, is one who ys and sells currencies on a foreign exchange market after performing research or analysis on a currency pair. Your responsibilities include finding situations in which a forex transaction has a chance to be profitable and carrying out a purchase on a trading platform. Patience is the best skill in trading not hit and run strategy.

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
 
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