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  1. #51
    Join Date
    May 2020
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    2,015
    It is very important that the trader himself understands all the risks that are possible in the trading process. So it is more likely that he correctly assess his capabilities.

  2. #52
    Join Date
    Apr 2016
    Posts
    629
    Forex risk management enables you to implement a set of rules and measures to ensure any negative impact of a forex trade is manageable. An effective strategy requires proper planning from the outset, since it's better to have a risk management plan in place before you actually start trading.

  3. #53
    Join Date
    Jul 2020
    Posts
    1,079
    Soberly assessing all the risks is far from easy. It is worth realizing that each of these risks can play far from at the most appropriate moment.

  4. #54
    Join Date
    Jan 2021
    Posts
    691
    all the same, in most cases, an understanding of risk comes only after a trader stumbles in his work, and this happens very often, especially in the case of beginners

  5. #55
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,756
    Quote Originally Posted by Diedriarekh View Post
    all the same, in most cases, an understanding of risk comes only after a trader stumbles in his work, and this happens very often, especially in the case of beginners
    We must try to bring down the Risks that are associated while doing our trades in the Forex markets. In this way we can become Better Forex Traders.

  6. #56
    Join Date
    Jan 2021
    Posts
    691
    working in forex, understanding should be not only on the risks of work, but also on all aspects, only in this way it will be possible to achieve something in such an occupation

  7. #57
    Join Date
    Dec 2020
    Location
    Asia
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    1,756
    Quote Originally Posted by Diedriarekh View Post
    working in forex, understanding should be not only on the risks of work, but also on all aspects, only in this way it will be possible to achieve something in such an occupation
    If we want to minimize the Risks that are present in doing our trading then we will need to first of all use a Trading system that is easy and also Profitable at the same time.

  8. #58
    Join Date
    Jan 2021
    Posts
    691
    in forex, you need to understand all aspects of work and not only work, even personal emotions need to be controlled, because this greatly affects your work

  9. #59
    Join Date
    May 2020
    Posts
    2,015
    In general, it is important for a trader to understand the risks that may arise in the trading process. This is really important in order to conduct a correct analysis of the market and get positive results of work.

  10. #60
    Join Date
    Dec 2012
    Posts
    548
    Risk is part in forex trading, its inevitable, although as trader trying hard to learn how to minimize the risk, but sometimes occurs loss in trading, because forex trading is about how to manage money to making money, hence trader need to accept the risk as part in trading that need to consider, working trading with FXOpen, I often use stop loss to manage the risk.

  11. #61
    Join Date
    Jul 2021
    Posts
    13
    How do you minimize the risk though? What approaches do you use to achieve that? It's what I struggle with still. Yes, I follow my strategy, and my trading plan, but it is not always enough.

  12. #62
    Join Date
    Apr 2016
    Posts
    182
    We need to review our trading plan and strategies on regular basis to amend necessary improvement. The trading journal can be helpful in reviewing trades and highlighting the mistakes in general.

  13. #63
    Join Date
    Jul 2020
    Posts
    1,079
    Risks in this industry are not the most pleasant phenomenon that needs to be correctly assessed in order not to get a negative result.

  14. #64
    Join Date
    Sep 2018
    Posts
    628
    Many traders underestimate the psychological aspect of trading. Though emotions that are not maintained can damage trading performance. It is the emotions of greed and fear that greatly affect trading performance. Many trading cases that were initially smooth, ended up falling apart due to emotional factors. Therefore, with guidance at the FreshForex webinar we are taught to be able to control trading psychology well.

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