Forex Zone - Forex Forum

3 Tips for beginners starting Forex in Forex Education_67f83ac065b44

3 Tips for beginners starting Forex

Discussion started on Forex Education

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
the more you are able to limit risk well the easier it will be for you to get consistent results because making a risk limit between 1 to 10% is indeed very important
#451 - September 08, 2023, 01:39:05 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
When you set a risk limit, you should be able to know where to use the right management because learning about risk limits will make you a professional so you will also be able to use stop losses.
#452 - September 09, 2023, 01:27:57 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Creating a risk limit is important because with a risk limit, whatever you do will be guaranteed later and you will definitely be successful by using a stop loss
#453 - September 10, 2023, 03:42:52 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
Each person's risk limit is definitely different, but when you only apply one to three percent. In my opinion, it's easy, the important thing is that when you implement a risk system mentally, you have to consistently continue using it even if you fail because many people when they fail they forget to use stable risk management.
#454 - September 11, 2023, 01:59:55 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Using a risk limit can use a margin below 20% and I agree, even if it can be brought to 10 or 5%, in my opinion, when you can set a risk limit, it will be easy for you to make a profit with a small risk and it will be difficult for the MC.
#455 - September 12, 2023, 01:31:27 AM

Sponsored

3 Tips for beginners starting Forex in Forex Education_6803a6c52eb12
#456 - Today at 10:33:19 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
When you are able to set a risk limit, you will be relaxed and you will not be afraid even if you are experiencing a floating minus because you have properly limited your risk by using Stoploss or take profit.
#456 - September 13, 2023, 01:07:26 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When you can set a good risk limit then there you will be able to trade with tight risks and you also have to use a stop loss which is mandatory when you open a position.
#457 - September 14, 2023, 01:37:08 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
What I know is that beginners must be able to learn about risks and learn about the use of risk limits, where they must use a stop loss in each open position. If possible, don't do 20% too much, a maximum of 7-10% for the start.
#458 - September 15, 2023, 01:10:25 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The important thing here is to limit the risk by using a stop loss for each risk limit that you determine, so this will protect you from opening the wrong position and avoid floating minus.
#459 - September 16, 2023, 01:23:43 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
One way to limit risk well is to use stop loss because in my opinion, when you always use stop loss automatically your risk will be regulated and your open position will not experience MC.
#460 - September 17, 2023, 02:03:06 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
We must be able to utilize this risk limit well to get high profits and it is mandatory to always use stop loss and take profit every time you open a position and the risk must also be small.
#461 - September 18, 2023, 01:09:49 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
The more you understand how to limit risk well, the easier it will be for you to get stable profits because it is important to limit risk in every open position.
#462 - September 19, 2023, 01:17:27 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
so that you can start trading well, the first thing you have to learn is about limiting risk because you must be able to limit your money with a small risk. When you open a position, you must always use a stop loss so that your risk is controlled.
#463 - September 20, 2023, 12:40:01 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 104
  • Reputation: +18/-46
a beginner must understand the risk limits because when they don't understand the risk limits then they use their money to trade once and you have to use a stopper every time you make an entry
#464 - September 21, 2023, 12:50:19 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When you have succeeded in setting a risk limit well, then you will be calm because you have limited your risk. You will definitely increase it. When you use open positions, you must set the use of stop losses.
#465 - September 22, 2023, 12:58:43 AM

Members:

0 Members and 1 Guest are viewing this topic.



Kraken Crypto Trading