Forex Zone - Forex Forum

The Key to Success Focus On Draw Down

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 619
  • Points: 184
  • Likes Received: 8
  • Reputation: +0/-0
Not only Dredown ... But success in forex trading must also be supported by many things, including psychology and how we manage capital well
#61 - October 25, 2021, 11:39:12 PM

  • Sr. Member
  • Posts: 286
  • Points: 91
  • Likes Received: 1
  • Reputation: +0/-0
I agree with this because if we focus on a small draw down, it means that we use good money management in our trading, and if we use good money management, it means that we can trade correctly.
#62 - November 06, 2021, 11:51:35 PM

  • Hero Member
  • Posts: 561
  • Points: 2247
  • Likes Received: 126
  • Reputation: +0/-5
Trading with a focus on minimizing the drawing value of the meaning we can trade properly, meaning we understand how to treat trading itself, meaning we want to further limit the losses
#63 - November 07, 2021, 10:30:47 PM

  • Jr. Member
  • Posts: 95
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
if we want to run trades well indeed we can start to keep the draw down value low, because that means we can apply trading with good management always
#64 - November 11, 2021, 04:52:28 AM

  • Sr. Member
  • Posts: 304
  • Points: 9
  • Likes Received: 53
  • Reputation: +0/-0
one of the indicators of a person's success is seen from the use of drawdowns because indeed when they use drawdowns with sizes, they can be ascertained that they are not traders who can manage finances well
#65 - November 11, 2021, 05:45:54 AM

  • Full Member
  • Posts: 160
  • Points: 668
  • Likes Received: 1
  • Reputation: +0/-0
Drawdown is indeed a moment that almost all traders will experience. When it happens we must try to minimize as much as possible in taking a risk. The characteristics of when a drawdown occurs is that we continue to experience consecutive losses. Let's say out of 10 times we opened an Order 10 times we had to swallow a loss. That is one of the characteristics that is a sign that we are currently experiencing a drawdown. When this happens our mental will be very affected.
#66 - November 12, 2021, 01:29:29 AM

  • Full Member
  • Posts: 110
  • Points: 10
  • Likes Received: 2
  • Reputation: +0/-0
The small draw down is indeed very representative of good trading activities, which is more resioMn about the recording of a big profit and if we limit our transaction well, our trading will be able to succeed
#67 - November 18, 2021, 09:51:38 PM

  • Full Member
  • Posts: 199
  • Points: 9
  • Likes Received: 23
  • Reputation: +0/-0
using a drawdown is one proof that you can indeed do foreign things because indeed when we can't do an analysis of course it can be seen from dd and that's true when you are looking for investors you must be able to show your drawdown
#68 - November 18, 2021, 10:24:51 PM

  • Sr. Member
  • Posts: 289
  • Points: 814
  • Likes Received: 7
  • Reputation: +0/-0
all good things must be owned by professional traders, I'm sure you have implemented them, and managed to achieve a stable profit, focus on drwadown maybe just as an exercise for beginners to really implement what risk management is in the financial market business
#69 - November 18, 2021, 10:26:59 PM

  • Full Member
  • Posts: 167
  • Points: 672
  • Likes Received: 1
  • Reputation: +0/-0
drawdown as a stoper to stop and evaluate our trading performance, thank you, Mas Detii, for wanting to join and participate in the discussion in my thread, greetings to meet you, and good luck always to you, if you guys, how do you deal with a drawdown if it swells
#70 - November 18, 2021, 10:27:54 PM

  • Hero Member
  • Posts: 619
  • Points: 184
  • Likes Received: 8
  • Reputation: +0/-0
I'm sure if traders have capital above 500 million, they must really focus on drawdowns, it can be concluded that a trader's seriousness can be seen from the level of balance in his account, thank you, Kendo, for dropping by to my thread, greetings and success. , how is trading, good luck and smooth
#71 - November 18, 2021, 10:28:44 PM

  • Sr. Member
  • Posts: 306
  • Points: 1016
  • Likes Received: 13
  • Reputation: +0/-0
The key to success lies when you can control your emotions and are psychologically stable for the problem of using drawdowns, it doesn't matter unless you open a copyForex service or open a signal service for self-taught traders who don't need a drawdown.
#72 - November 20, 2021, 07:39:49 AM

  • Full Member
  • Posts: 206
  • Points: 111
  • Likes Received: 7
  • Reputation: +0/-0
The small draw down value reflects quality trading activities, meaning there is good planning and always uses good management, and it is one way to succeed
#73 - November 22, 2021, 11:38:43 AM

  • Full Member
  • Posts: 192
  • Points: 702
  • Likes Received: 2
  • Reputation: +0/-0
many keys to success, drawdown is only a small part, said senior traders, the most important key to success is psychology, but for me, the most important key to success is the amount of capital in our account, then we only need a very small target in terms of percentage, and the results can meet our daily lives
#74 - November 23, 2021, 10:42:15 PM

  • Full Member
  • Posts: 167
  • Points: 672
  • Likes Received: 1
  • Reputation: +0/-0
If we want to focus on controlling the drawdown value of our trading account, we can start by limiting the number of open positions and limiting the lot value of our open positions
#75 - November 23, 2021, 10:43:21 PM

Members:

0 Members and 1 Guest are viewing this topic.