Forex Risk Management
Postagens: 84
Membro desde: 12/10/2013
I like how nobody has mentioned that risk and reward strategies go hand in hand, which brings me to recommend "Fibonacci Retracement" its a great feature for showing resistant and support levels for when you are makeing a trading, though i have noticed it seems to work better for me in long-term trades
Postagens: 836
Membro desde: 16/05/2011
Very important factor in trading. Without risk and money management, risk of blowing your whole account is 99.9%.
Postagens: 35
Membro desde: 05/11/2013
Originally posted by 4nt5I like how nobody has mentioned that risk and reward strategies go hand in hand, which brings me to recommend "Fibonacci Retracement" its a great feature for showing resistant and support levels for when you are makeing a trading, though i have noticed it seems to work better for me in long-term trades
FYI nobody has pointed out yet that risk management doesn't necessarily mean strictly reducing risk only, I tried 4nt5's tool and i made a killing after giving it a whizz. Definitely recommend it. The support and resistent levels are very useful! from negative i shot up over +1% growth, definitely going to keep using, thanks for the recommendation!
Postagens: 42
Membro desde: 06/11/2013
Risk management is a helpful factor necessary in forex trading.Without proper knowledge and implementation of risk management we can lose a huge amount of money in a very short span of time.
Postagens: 22
Membro desde: 07/11/2013
Originally posted by Purplemoney
Originally posted by 4nt5
I like how nobody has mentioned that risk and reward strategies go hand in hand, which brings me to recommend "Fibonacci Retracement" its a great feature for showing resistant and support levels for when you are makeing a trading, though i have noticed it seems to work better for me in long-term trades
FYI nobody has pointed out yet that risk management doesn't necessarily mean strictly reducing risk only, I tried 4nt5's tool and i made a killing after giving it a whizz. Definitely recommend it. The support and resistent levels are very useful! from negative i shot up over +1% growth, definitely going to keep using, thanks for the recommendation!
Heya, i've tried it too and while i only have good things to say about it i must say that its not all that clear on how to use.
I found this video online which would better explain useing Fibonacci retracement, maybe more of us should consider it as a risk management tool as well as a performance tool:
http://bit.ly/17OLeTG
Postagens: 52
Membro desde: 07/11/2013
A good trading system will always encompass risk management, I've only learn't this recently but if you dont know where your S/L point is generally after doing your analysis then your trading system/analysis needs to be refined further. Once you've got that down you will find fx trading much easier to do and profit.
I think the better question to discuss is how do you trade? i know its a closely guarded secret for traders to avoid diluting its effectiveness but if you share it, its not 100% going to be used but a 2nd opinion could improve its effectiveness by leaps and bounds
Postagens: 41
Membro desde: 07/11/2013
Reading this thread makes me aware that forex risk management is really important.Without this you will always be able to lose and ofcourse if that happens fear will takes place.That's why we need to use proper risk management for us to be successful too.
Postagens: 52
Membro desde: 07/11/2013
Originally posted by dianayesReading this thread makes me aware that forex risk management is really important.Without this you will always be able to lose and ofcourse if that happens fear will takes place.That's why we need to use proper risk management for us to be successful too.
While i do agree with what you're saying, we shouldn't treat risk management and something seperate from daily trading.... incorporate it into your trading system/ strategy, find a point to cut losses... a good trader wont seperate risk management with their trading system, it would be integrated into a risk/reward strategy
Postagens: 120
Membro desde: 06/11/2013
Originally posted by SashaVery important factor in trading. Without risk and money management, risk of blowing your whole account is 99.9%.
I absolutely agree. Do you have a working risk and money management that you can suggest to a newbie like me?