True, limiting risk is the key factor for long term success. Unfortunately, it will only prolong the inevitable (blowing up your account) unless you develop a solid trading strategy that makes more money than it loses.To survive in forex market we need proper learning and practice of trading . I give importance to take low risk we should avoid high risk in trading because it increases dangers of loss, then avoid emotional trading attempts and hurry in trading.
Beside as trader need risk management also they must learn to making better analysis, will eventually get fail if in trades always suffering with loss, although hit stop loss if always many times get loss it can posisble get margin call accountTrue, limiting risk is the key factor for long term success. Unfortunately, it will only prolong the inevitable (blowing up your account) unless you develop a solid trading strategy that makes more money than it loses.
Indeed, there is always "another day to trade" and recover losses.I've understood that sober assessment of a situation and calm can protect you from losses. Keep patient and don't do abrupt movement
You mean sometimes its necessary to risk and act intuitively?)Indeed, there is always "another day to trade" and recover losses.
Every opened trade brings the risk of losing money. What I meant is not to act compulsively but stay calm and avoid trading the same day if you suffered losses (by attempting to recover them).You mean sometimes its necessary to risk and act intuitively?)
ah, yes, sometimes there are days that are realy bad for trading.Every opened trade brings the risk of losing money. What I meant is not to act compulsively but stay calm and avoid trading the same day if you suffered losses (by attempting to recover them).
ah, yes, sometimes there are days that are realy bad for trading.