Risk management Guild lines

TheCrowdTraders posted:
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

Oscar555 posted:

TheCrowdTraders posted:
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

11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed

alpenaltev posted:

Oscar555 posted:

TheCrowdTraders posted:
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

11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed

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.

Oscar555 posted:

alpenaltev posted:

Oscar555 posted:

TheCrowdTraders posted:
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

11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed

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.

Yes, but following all the points is hard work. And this should be done as a full-time job.

TheCrowdTraders posted:

Oscar555 posted:

alpenaltev posted:

Oscar555 posted:

TheCrowdTraders posted:
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

11. Stay updated with market news and events
12. Use technical and fundamental analysis
13. Seek professional advice when needed

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.

Yes, but following all the points is hard work. And this should be done as a full-time job.

Yes, Fx is a full time job, that is why I'm full time trader