Risk management Guild lines
Feb 11 at 15:46
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6 Replies
forex_trader_3596980
Member Since Feb 08, 2024
36 posts
Feb 11 at 15:46
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
Feb 12 at 18:25
TheCrowdTraders posted:11. Stay updated with market news and events
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
12. Use technical and fundamental analysis
13. Seek professional advice when needed
forex_trader_3596980
Member Since Feb 08, 2024
36 posts
Feb 12 at 18:28
Oscar555 posted:Good contribution.TheCrowdTraders posted:11. Stay updated with market news and events
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
12. Use technical and fundamental analysis
13. Seek professional advice when needed
Feb 15 at 18:08
alpenaltev posted:Yes, but following all the points is hard work. And this should be done as a full-time job.Oscar555 posted:I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.TheCrowdTraders posted:11. Stay updated with market news and events
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
12. Use technical and fundamental analysis
13. Seek professional advice when needed
forex_trader_3596980
Member Since Feb 08, 2024
36 posts
Feb 16 at 08:02
Oscar555 posted:Yes, Fx is a full time job, that is why I'm full time traderalpenaltev posted:Yes, but following all the points is hard work. And this should be done as a full-time job.Oscar555 posted:I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.TheCrowdTraders posted:11. Stay updated with market news and events
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
12. Use technical and fundamental analysis
13. Seek professional advice when needed
Feb 16 at 17:46
TheCrowdTraders posted:What currencies are you trading?Oscar555 posted:Yes, Fx is a full time job, that is why I'm full time traderalpenaltev posted:Yes, but following all the points is hard work. And this should be done as a full-time job.Oscar555 posted:I think with these 13 things traders can get consistent accumulated profits in trading. All you need to do is be consistent in implementing these things. Then it is also very important for traders to discuss with other traders on fx forums, such as myfxbook. Then don't forget to pray for smooth trading.TheCrowdTraders posted:11. Stay updated with market news and events
1: Educate yourself about Forex risk and trading
2: Use a stop loss
3: Use a take profit to secure your profits expecially if you are not Day trading
4: Do not risk more than you can afford to lose
5: Limit your use of leverage
6: Have realistic profit expectations
7: Have a Forex trading plan
8: Prepare for the worst
9: Control your emotions
10: Diversify your Forex portfolio
12. Use technical and fundamental analysis
13. Seek professional advice when needed
Member Since Feb 02, 2024
23 posts
Mar 07 at 10:13
Those are all great points! I especially like the one about controlling emotions – that can be the trickiest part of forex trading. For me, using a stop-loss is non-negotiable. It helps me sleep at night knowing I've limited the downside, even if it means missing out on some potential gains.
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