Hello pankajbhaban.

How do small traders know that they r going to win or loose before closing a trade? Your third point is really difficult to follow. If they dun know then they cannot change lot size as u said (bigger on winning and lower on loosing).

I cannot get ur 4th point.

Originally posted by ironical

Hello pankajbhaban.

How do small traders know that they r going to win or loose before closing a trade? Your third point is really difficult to follow. If they dun know then they cannot change lot size as u said (bigger on winning and lower on loosing).

I cannot get ur 4th point.

 

Maybe the third point is based on probability of success and loss concept. 

Now I do not believe in these countless basic forex articles. It is better to promote technical knowledge now. 

Originally posted by Champ

 

Originally posted by ironical

 

Hello pankajbhaban.

How do small traders know that they r going to win or loose before closing a trade? Your third point is really difficult to follow. If they dun know then they cannot change lot size as u said (bigger on winning and lower on loosing).

I cannot get ur 4th point.

 

 

 

Maybe the third point is based on probability of success and loss concept. 

Now I do not believe in these countless basic forex articles. It is better to promote technical knowledge now. 

With probability of success u can decide whether to enter a trade or not but if u r using variable lot size, it requires much more knowledge.

3rd point is almost invalid when u r beginner and small investor. For beginners proper risk management means pre-defined strick rules. Lot size should not be variable for beginners. 

Originally posted by pankajbhaban

Well for small traders who just trades in hundreds or few thousands, they tyr to make hard out of it taking quite high risk and many a times blowing accounts, they probabaly try to scalp and risk higher and higher on each trades and the results are blown accounts.

Now here are some facts which can be corrected out of trading and gain some high expected profits.

1. Proper risk managements use appropirate lots size with your trading accounts.

2. Set targets and stops such as they yield as low as risk/rewards ration even as low as 25/100.

3. And then on even if your % winning is low you can be still in quite high profits, you can increase a lot size on each winning s where as lower on each lossing trades.

4. Each trade do predicts market properly but fails to maintain risk/rewards and sets for earlier take profits and make losing trades run long.

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When I started trading, I tried to make "quick money" but the result was opposite. So u r right that newbies always try to focus on pocketing quick profits by scalping. They set their leverage to highest and try to gain a few pips. 

I dun think u need to worry if link is available or not. There r countless free courses, videos and articles available. They cannot teach u practical trading. They can only provide theoratical knowledge.