Guest Siyan jheel Posted December 4, 2020 Report Posted December 4, 2020 Becoming an organized and disciplined trader is something that every trader knows they must do. However, most traders are anything but organized and disciplined, or they make an attempt to become organized and disciplined but they don’t maintain it. You obviously need to know what you are looking for in the markets if you want to build an organized and disciplined trading approach around it. So, make sure you know what your trading edge is and that you have mastered it. Quote
Guest Patty Joseph Posted January 9, 2021 Report Posted January 9, 2021 Proper money and risk management is essential in forex trading. We all know that forex is a risky market. So, trader should approach the market with proper caution. Otherwise failure is sure to come. I am trading with Forex4you. I always take 2% risk per trade according to my capital. That way I am surviving this since 2017. Quote
Guest Siyan jheel Posted October 23, 2021 Report Posted October 23, 2021 Yes, without proper risk and money management, you cannot earn a lot in Forex Trading, even you couldn't survive in it. Quote
Guest machete Posted December 12, 2021 Report Posted December 12, 2021 Siyan jheel said: Becoming an organized and disciplined trader is something that every trader knows they must do. However, most traders are anything but organized and disciplined, or they make an attempt to become organized and disciplined but they don’t maintain it. You obviously need to know what you are looking for in the markets if you want to build an organized and disciplined trading approach around it. So, make sure you know what your trading edge is and that you have mastered it. Yes and the best way to keep your organized and focused is time maangement and money management plan. You have know which time you will learn and trade as well as how your bet size changes depending on market conditions, your equity etc. This way you will avoid chaotical decisions. Quote
usok Posted February 11, 2022 Report Posted February 11, 2022 not just in the beginning, one must sustain a constant discipline and stick to the plan, if one get taken by emotions let it be green fear or uncertainty then one losses more than he gains always. Quote
Guest machete Posted March 9, 2022 Report Posted March 9, 2022 Proper money and risk management is essential in forex trading. We all know that forex is a risky market. So, trader should approach the market with proper caution. Otherwise failure is sure to come. I always take 2% risk per trade according to my capital. That way I am surviving this since 2017. Quote
samesheet Posted June 27, 2022 Report Posted June 27, 2022 machete said: Proper money and risk management is essential in forex trading. We all know that forex is a risky market. So, trader should approach the market with proper caution. Otherwise failure is sure to come. I always take 2% risk per trade according to my capital. That way I am surviving this since 2017. Yeah, it is impossible to trade without proper risk management because volatility can cause heavy damage to your account so recovery will be slow and and will require lots of patience and caution. Quote
usok Posted July 26, 2023 Report Posted July 26, 2023 yes this is true, make it a habbit as early as possible, especially since forex is one complicated business tbh Quote
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