Kalex's - Trading journal

[chiko]

Generally i have come to the realization that in the Forex business, Nothing can be pointed out as the most important aspect of this business, Lot size, leverage, Money management, Pair to trade, Strategy and Time-frame use and many other aspects of the Forex business are all important and all traders must pay a good attention and focus to it.

good money management is the key, and we need to remember that every trader will have their own trading style so we cannot generalize that a certain lot size,leverage and other factor is not good or too risky because it will all come back to how the trader control their own trade using their system

[Sixteen]

good money management is the key, and we need to remember that every trader will have their own trading style so we cannot generalize that a certain lot size,leverage and other factor is not good or too risky because it will all come back to how the trader control their own trade using their system

Every trader have to accept that to prosper in forex requires great money management that will help us in forex and give us the ability to make good trading that we need. As long as the goals is to maintAin profits from forex, we need to plan on our management too and see we can be able to manage risk in forex and of course increase our chances to make good profits from forex.

Lack of management will only make us easily loose out in this business and we will never going to like how easy it will be for us to loose out in our investment in no time.

[harbir]

Hold on? You made all this money from the bonus system?

Do you usually take such risk on the bonus account as well? Because I know of some members that got into trouble because they did took too much risk and got blocked. I am so much surprised and this is more like a great motivation for me to actually be serious with the bonus now.

Well this is the advantage of using a higher leverage as like this you will be able to open big lot sizes but it is very risky as well because you can get margin call very soon if the price goes against you. Even I have traded with big lot sizes and many time I have been able to dou le or triple my account balance in couple of days but if you keep using bug lot size then your luck will not last long and at the end we would lose everything.

[penuelophir]

Every trader have to accept that to prosper in forex requires great money management that will help us in forex and give us the ability to make good trading that we need.

Even when you believe that you possess the ability to make money as you want and you lacked good money management then you are definitely going to lose at the longer run! So if you really want to start earning money then you should always make sure that you have enough means of controlling your risks.

[catfish007]

good money management is the key, and we need to remember that every trader will have their own trading style so we cannot generalize that a certain lot size,leverage and other factor is not good or too risky because it will all come back to how the trader control their own trade using their system

Yes, the key to a successful trading is money and risk management, the trader using them will surely felt the greatness in them, and they will be so successful in their work. Forex traders that are doing well in the market must be using the stop loss and the money management, no traders can ever be successful without them; even if the trader have the correct trading strategy they are using. The successful traders will always make their success not in the way they trade only, but in the way they use what they know and trade with.

[kazol76]

Yes, the key to a successful trading is money and risk management, the trader using them will surely felt the greatness in them, and they will be so successful in their work. Forex traders that are doing well in the market must be using the stop loss and the money management, no traders can ever be successful without them; even if the trader have the correct trading strategy they are using. The successful traders will always make their success not in the way they trade only, but in the way they use what they know and trade with.

Risk management is one of best thing in trading market cause without any management and good planing no one case stay in profit mode also he is in insecure mode always. so trade with good planning is always need to do this business in good way. traders also can follow a successful traders trading system which he apply in trading market or trader can read experienced trader information about Forex market to understand this business. If trader go and trade without any good trading plan then trader cannot successful in trading market anytime I think. so need good trading plan to make this business in right direction I think.

[whiteliontrader]

Yes, the key to a successful trading is money and risk management, the trader using them will surely felt the greatness in them, and they will be so successful in their work. Forex traders that are doing well in the market must be using the stop loss and the money management, no traders can ever be successful without them; even if the trader have the correct trading strategy they are using. The successful traders will always make their success not in the way they trade only, but in the way they use what they know and trade with.

I quite agree with you that a successful trader will need the money and risk management, but there are many things that make successful trading, not only that. Traders have to build a good trading strategy with the money and the risk management before it can work. If traders could not do this, there is no way they will have a successful trading career no matter how hard the trader tried. Forex trading needs traders that will have the skills to trade and trade well with that skills too, that is what i can say. I like success traders, but when trading is unified, success can not be made.

[Don'tStop]

Every trader have to accept that to prosper in forex requires great money management that will help us in forex and give us the ability to make good trading that we need. As long as the goals is to maintAin profits from forex, we need to plan on our management too and see we can be able to manage risk in forex and of course increase our chances to make good profits from forex.

Lack of management will only make us easily loose out in this business and we will never going to like how easy it will be for us to loose out in our investment in no time.

Most times it is not about the management of the money we have but the knowledge and trading skills we have gotten so far and the ability to be able to keep to trading patient and master how to make analysis. A good skills at making analysis is going to be the best thing traders should always look forward to having. The more skills at emotional conduct the more good trading result and ability to handle losses.

[simisola]

I don't believe that anyone should believe that money management is not important is telling us the truth, you can have all the skills and experience and never make a single dime from the market when money management is lacking. I know many people who have the experience but that has not been able to translate into cash because they don't have the right emotional build up, your mentality is essential, without it, you will lose money consistently, that is the way to approach this business.

[bidyut]

As i told as per my plan i opened another $1k account today ,its the 4th account

You're one of the most dedicated person in our mt5 forum. It is rare to find people like you who are so committed in fulfilling their goals. I'm very much impressed with your progress. Its nice to see that you're regularly making good profit from your trading accounts. I hope in this new account too you'll able to make a lot of good profit. I think the latest withdrawal is from this account. You can also called all of your account with specific names. Or you can give numbers like my 1st account, 2nd account 3rd account and so on. When you post any payment proof you can mention that this is my 4th account from where I'm withdrawing this much amount. You've said that your seed amount was only $400 and from that amount you've able to make 4 accounts. This is really great Kalex bro. Just keep your good work. Good luck.

My recent payout request

---------- Post added at 04:34 PM ---------- Previous post was at 04:21 PM ----------

[COLOR="Silver"]

Congratulations! This is a huge withdrawal amount kalex bro. I think you've already crossed 3k profit so far. Now I think your monthly target has increased with the number of accounts. I'm really happy to see your big withdrawals, it gives me some types of inspiration and filled my mind with positive energy. I hope in future too you'll able to withdraw a lot of good profit from your trading accounts. Just enjoy your day.