Using a max. 2% loss per trade, it would take 35 consecutive losses to reduce the account to 50% of its original, so unlikely as to be acceptable.
Sorry Chris, No great idea about this. Because I always prefer long time trade, it’s really safe and sounds than scalping which always contains huge risk.
There is no risk when you trade in long term? Funny . I know its safe and sounds but I have not enough balance to make sure a long term trade.
Dear, that’s not funny. Actually you didn’t understand the message I had. I am continuing in long term, of course there is risk but not as like the scalping that you have. Hope, clearly understand.
Hadden , I understood your message. Thank you. Even though scalping always contains huge risk, but from all trading techniques it brings profit in a short time. that’s why this is one of the most usable and profitable trading approach in Forex trading place. Best of luck with your trading approach .
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Risk can be reduced but not eliminated
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No, they can’t, realistically, because you don’t have the skills, education, background, software or techniques to be able to scalp successfully, and you shouldn’t even try.
certainly you should not try to scalp the market, Chris Lynn, if you are a retail trader, this terribly difficult, really not possible for small traders
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Yes, I admit it, I have never found any retail trader who is able to survive in here with making profit consistency.
Consistency comes after a long experience. All can get one or 2 time profit they think they are now perfect. Ups and downs in trading are daily story . You can survive here if you had a plan and patience for trading.
basically the more you risk the greater the reward (well in most cases anyway) but thats simply how things work, no risk no reward, and the mere word RISK is every where and in everything we do… thats why we have risk management in forex and in other things all together.
I love risk, as it is the foundation of profit. Therefore embrace it, because, if you eliminate all risk, you will also eliminate all profit opportunity.
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It is reality that trader make hasty decisions due to greed and make losses, it is also reality that risk is essential in any kind of business and forex is not different, it is also risky and tough and we should make the bold decision in order to avoid the risk, never trade blindly.
Of course no one need to do trading blindly .When market is easy to understand he can know trend of it. Even then too he should act upon his trading plan . This plan will save him from any big risk that is not easy to handle.
Yeah, risks are going to be there in each and every business and thus you need to understand that it would be in the Forex Trading somewhat more. But here the risks is equal to rewards. So we need to take risk to earn money.
I think trading blindly is not wise decision on trading, in addition only relying with lucky alone, forex market is very dynamic and unpredictable, not always as trader able analyze the trend precisely,
and sometime any trader making mistake and can’t avoid loss, when loss trades as trader need use risk management to prevent from big loss.
Blind trading and lucky trading are not strategies in trading.
But don’t you think there are two types of loss? The first is the losses that arise when the market does the less likely thing of the two things it could have done. So, if your analysis is correct 99% of the time and you always follow the same process, when 1% of your trades are losses, this is not down to a mistake or bad luck, it was inevitable.
The other type of loss is down to a mistake. Perhaps you forgot a step in your analysis or forgot to enter a stop-loss. Perhaps you thought NFPR’s would be stronger and they were weaker. Perhaps you bought when you meant to sell. These are the traders’s mistakes. They are not bad luck. There is no such thing as luck in trading.
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The types of trading that you have mentioned here, shortly means that in these strategies the trader is considering the Forex Trading as a gamble. If yes, then here you are doing the biggest mistake of your life.
Risk percentage is obvious in everywhere, whatever business you are dealing either its online or offline! So, don’t try to make here 100% profit, 100% doesn’t exist here! For recovering my lose percentage I use high profit ratio.
Yeah, Risk management and money management, are just two things, but we need to have lots and lots of knowledge and experience and skills to become successful in the Forex Trading and for that we need to have a good amount of practice.