NUMBER ONE TRADING FOCUS—RISK MANAGEMENT

Discussion in 'For novice traders' started by Francmorio, Sep 28, 2017.

  1. NewbieTrader

    NewbieTrader Member

    what newbies should understand is that when there is profit, there can also be loss. so your chances of profit is as much as your chances of loss. this is how everyone should treat this business.
     
  2. Tengkorakfx

    Tengkorakfx Member

    And it's better to have a better risk management since most of the traders are concern about their profits only. Their mental are not that ready to face consequent loss...
     
  3. broforex

    broforex Member

    Yes, so many factors that make forex trading works. Trading psychology, the economic of the some country, war and so many more, so that's why we as a trader just need to follow the trend.
     
  4. NewbieTrader

    NewbieTrader Member

    yep, what newbies need to understand is risks in trading will always be there. we do not delete risks in trading, we actually befriend them and manage them.
     
  5. Tengkorakfx

    Tengkorakfx Member

    And it is better for newbies to focus on few major pairs first and learn how the price itself moves on every single pair they are focusing to. It is important since some pairs don't move the same way as others
     
  6. NewbieTrader

    NewbieTrader Member

    yep. i met a newbie once, he jumped into exotic pairs because he thinks he knows the deal and how to deal with it. in the end, he lost his money, as expected.
     
  7. broforex

    broforex Member


    Newbie always think they can beat forex market, but they know nothing, as a professional trader, I always tell newbie trader to always be careful and keep learning, survive in forex market is so hard.
     

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