Articles

Trading with Low Risk is a Good Game!!!

by MD Tanjib Forex Trading Author


Many people are attracted to forex trading because they are finding profits through leverage. But they ignore the risk of loss.

Risk is a must in forex trading. So, a proper roadmap and making a useable strategy will beneficial for gaining consistent profits.

However, with low risk, the forex trading strategy will hopefully show more success in the long term.

Risk is Unavoidable

Risk is small work, but you can’t ignore that there is no business without any specific risk. But with proper research and decisions, there are ways to accomplish success.

Also, trading is some kinda business. Traders invest money and gain profits through them. Traders making money through market research and making solid decisions. There will be some risk in trading, but it can be diminished with proper knowledge of the market and your trading strategy. However, forex trading platforms play a vital role in gaining steady profit.

Sometimes it good to mute

Forex trading is available 24/5. While the market is so volatile, it good to quiet. Some novice traders are losing trade because of that reason.

If you magnify the risk, then there you find a point that not always trade. But if they want to manage their risk, they must not be afraid to sit out. Though they might miss some winning trades, they will likely skip the losing trades too.

Also, a trader can modify their position size and they can choose which time frame is beneficial for their trading. A kind of strategy can be a reason for profitable trading.

Trading Psychology

Psychology might be the most underrated tool that forex traders have. Let’s say a market will either go up or down over the longer-term. With that, in theory, traders will have about a 50% chance of success on all trades.

So, what will they do with the odds? Traders decided to short, for example, the USD/CHF pair.

As traders sell the press button, the market turns around and goes higher immediately. Then, they have 50 pips stop loss that is in danger of being hit quickly.
And sadly, too many traders will move their stop loss even higher with hopes of the market turning back in their favor.

The bottom line

Overall, the main thing in forex trading is to keep quiet and go with the trend. If one has enough amount of capital and goes with the trend, surely it will make a consistent profit as usual.

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About MD Tanjib Advanced     Forex Trading Author

100 connections, 5 recommendations, 427 honor points.
Joined APSense since, January 18th, 2021, From khulna, Bangladesh.

Created on Feb 12th 2021 04:50. Viewed 216 times.

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