A knowledgeable trader who knows what he is doing is a safe trader 
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no way/
it is my opnion
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nice post
thanks for the reply
Savage advice bro. Diversification is something which every trader must do, if he wants to spread the risks.
Yup! One of the major ways we can work well on managing our risk.
People who don’t want to take average risk trade safely by using stop loss tool or else with less capital investment in order to not loss a huge amount.
Yes that’s the key! Being unaware of what one is doing is a great risk.
If you are unaware then trading will take you nowhere.
Correct! That is why having good knowledge is very important in forex.
That’s right! Having correct updates and awareness is really important.
In order to successfully and safely trade, you need to choose the right broker. This is not 100% success, but most of it.
The 3% rule - as soon as you make a 3% profit hit exit. Don’t look back to see what how the market is doing. The earning will be small but so will the chances of losing.
It is super great to see each of the comments, from each of you you learn
In my opinion, pre planning is must. It works well for me. Plan the trades, the entry and exit price along with the take profits and stop losses for all the trades that you want to enter in. This will help you to manage the risk and prepare you mentally.
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Totally! No doubts about it.
Very neatly put. Risk management is the most important thing in this business.
Trading is all good when done in a disciplined manner. This will help you keep your account safe and free from any issues. Make sure you don’t blindly trust any broker as forex scams are getting common these days. Take time to research and find an experienced and reliable broker for advice.
Here are some tips for you :
- Detailed trading plan
- Risk management
- Entry and exit price
- Set your stop loss and take profit
- Practice your strategies
- Start will small amount of deposit at your initial stage
- Grow your account gradually
- Proper Leverage ratio
Keeping into consideration these factors will help you to trade safely.
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The basis for secure trading is your trading strategy and proper money management. It is these two factors that form the basis for your safe trading. If you correctly calculate your investment, you will not be at a great disadvantage from unsuccessful trades and will continue to trade safely. But you must remember that you will not be completely safe from failure, and you must always be prepared for losses.