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Thread: managing your risks

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    Default managing your risks

    hello readers and members of mt5 forum

    In today's topic we are going about a crutial point in trading that can lead to success or to fail in the forex market this point is managing your risks while trading .... so let's get going



    It's a must for a forex trader to not exucute a trade without knowing where to place a stop loss order , which protect the account from big risks in case the market decide to go against the expected move
    planing the trade is a must in the forex market every move should be calculated every expectation should be taking in advanced and the rsiks should be calculated before hitting the open position button

    To be a succeful forex trader you must have the instinct of protecting your money and then think of making profits managing the risk in my opinion is an important factor for growing your success in the forex market
    So before you think about all the money you can make out of trading make sure to understand that there are risks involved only then you will apply money management techniques and this will make trading less stressful and will lead you to a steady succes that's why in each trade you need to calculate your risks .
    let's go together in how can trader calculate his risks in 2 simple steps
    1st and based on your trading system you should be aware of the exit point and mesure that in term of pips using the pip meter tool in the metatrader as also you already have a fix percentage of risk on each trade from your overall account, and lets say you are going on a trade on the eurusd and you exit point is at 60 pips away ,
    2nd we will use a rsik calculator you can make one of those on excel lets say you have a 1000usd account and you are risking 2% from this balance in each trade which mean 20usd in each trade so deviding in this 20usd on the 60pips you will have the lot size you need to use in order to lose only 20usd in this 60pips in case you face a move against you and it is as simple as you see

    As traders we cant controle how the market move or how it will move but we can controle the outcome of it if it moves with us or against us ,so be smart and use risk management in order to achieve the success you seek
    until the next topic ....Trade Wise ^^


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    Dewafx (11-22-2020), Unregistered (2)

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    Quote Originally Posted by wise-man     
    hello readers and members of mt5 forum

    In today's topic we are going about a crutial point in trading that can lead to success or to fail in the forex market this point is managing your risks while trading .... so let's get going



    It's a must for a forex trader to not exucute a trade without knowing where to place a stop loss order , which protect the account from big risks in case the market decide to go against the expected move
    planing the trade is a must in the forex market every move should be calculated every expectation should be taking in advanced and the rsiks should be calculated before hitting the open position button

    To be a succeful forex trader you must have the instinct of protecting your money and then think of making profits managing the risk in my opinion is an important factor for growing your success in the forex market
    So before you think about all the money you can make out of trading make sure to understand that there are risks involved only then you will apply money management techniques and this will make trading less stressful and will lead you to a steady succes that's why in each trade you need to calculate your risks .
    let's go together in how can trader calculate his risks in 2 simple steps
    1st and based on your trading system you should be aware of the exit point and mesure that in term of pips using the pip meter tool in the metatrader as also you already have a fix percentage of risk on each trade from your overall account, and lets say you are going on a trade on the eurusd and you exit point is at 60 pips away ,
    2nd we will use a rsik calculator you can make one of those on excel lets say you have a 1000usd account and you are risking 2% from this balance in each trade which mean 20usd in each trade so deviding in this 20usd on the 60pips you will have the lot size you need to use in order to lose only 20usd in this 60pips in case you face a move against you and it is as simple as you see

    As traders we cant controle how the market move or how it will move but we can controle the outcome of it if it moves with us or against us ,so be smart and use risk management in order to achieve the success you seek
    until the next topic ....Trade Wise ^^

    Risk management is one of the most important pillars of trading. A trader should think about this before starting forex trading. It is not a matter of how much profit a trader can achieve, but what is more important is how long a trader can survive in the highly competitive forex market.

    In managing risk, one of the most important is Don't use "Hot Money". Never use money that we cannot afford to lose. Sometimes some traders like to ignore this, and feel bad things will not happen to him. However, like it or not, trading with hot money will still affect your trading performance. If we use money that cannot be released, there will be feelings of anxiety, the mind becomes chaotic and irrational. If that happens then mentally we have lost, we will be a big loss.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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