A business, both forex and other conventional businesses, certainly cannot be separated from what is called planning, talking about planning, of course there are targets and risks ?? without us knowing in the forex business risk management is still a thing that we often consider trivial even though as good as any design that we have made if it is not balanced with good risk management will be very difficult to achieve.In doing business everyone certainly hopes to get the maximum benefit with the smallest risk, but before we proceed deeper there is one thing I want to ask you, so far in what position are you: Low risk high profit or high risk low profit Doing business in the world of forex is indeed very promising where everyone has the opportunity to get a substantial amount of profit in a short time, but so far the benefits usually are only a temporary fold before turning into a loss. How come??The main factor causing this is nothing but a lack of understanding of forex and risk management that is not good. setting high targets is legitimate but must pay attention to how much risk we can afford to reach the target and how long it will take to reach the target.
I might choose high risk high reward ......... if you already understand forex business ..... learn 1 technique and become a master because everyone can as long as you believe and persevere;)same to me cause i like too, if we learn hard in forex we can live in financial freedom cause i i choose high risk low profit is so useless .
of course if you are told to choose I choose the low risk high profit, but when we target something big, the risk is also very large, so the right one is probably high rewards high risk.
The mindset to get big profits quickly is not very good, it will make our account fast Mcargin call, because with that desire will make us over trade and over lot.
This condition of trading which is low risk high profit can only be achieved with knowledge and experience. Knowledge here can be about the system, rule, MM and trading plan, all of which support good and consistent trading. And experience here can be our mental problem in the face of conditions where we must be willing to cut loss, face floating with a large amount even though we have planned etc. With this knowledge and qualified experience, trading conditions that are low risk high profit will be achieved.
there is no investing instrument that could give low risk high profit or vice versa, there only high risk high profit or low risk low profit, but in trading we could manage te risk so the risk would no big as the profit.
Conditions of trading that are low risk high profit will greatly help facilitate us in maintaining the stability of our psychology or emotions when trading. Because with trading conditions like that then we will be far from anxiety, anxiety, fear, panic etc., which can be very damaging to our psychology. So with trading that supports low risk high profit, we will get trading conditions that are calm, safe, relaxed, so that the results we will achieve will be even more optimal.
I might choose high risk high reward ......... if you already understand forex business ..... learn 1 technique and become a master because everyone can as long as you believe and persevere;)
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