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Less is more in forex trading


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123 replies to this topic

#21
gaban

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yes, forex risk is very high, with the risk that it is to succeed in this business, we need to have a risk management and good money management so that we will be able to trade with the maximum. for that we should be a lot to learn and practice trading. So that our trading psychology skills and will increase


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#22
myregister

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People trying to earn less to reduce forex risk but forget that forex is high risk business, yes you can lower the risk since there is possibility for that but do you think you can always make profit. Let say lie this. I set my TP at 25 pips and my SL at 20 pips. What is the guarantee that in my for example 5 daily trading(i trade each day) i will be able to get all the profit, or at least once? Nothing can guarantee, even i want to loss less it doesn't that i can make 25 pips for one week for example, there is a certain cases where i won't even make profit or even never loss a lot.


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#23
gaban

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The greater the risk in forex trading is the greater benefit will we get, but the smaller the profit that we get the less the risk that we will encounter and therefore we need to be wise in deciding something and trading in accordance with our capabilities


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#24
sidejob

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The greater the risk in forex trading is the greater benefit will we get, but the smaller the profit that we get the less the risk that we will encounter and therefore we need to be wise in deciding something and trading in accordance with our capabilities

Of course but it is not always the cases for some traders also if i must say most traders actually can earn less but the trade-off for that is actually less risk which is good thing, People already reached to the point where they can earn well but sooner be greedy, also this concept could lowering or even eliminate that things well.


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#25
Bonnie Berry

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I believe the word IF is really important because there can be a lot of things for which we can use IF this happened or if that happened, but we need to live in reality and don’t worry too much on that IF especially when it rarely works. I think removing greed completely is not an easy job and the sooner we understand this, the better we will be. Now controlling greed is obviously possible and that’s what most expert do, but again we need to be strong to handle it. I am not iron man, but still with help of OctaFX and their demo contest, I get regular practice which enables me to face up issues that greed creates and tackle them well.


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#26
Zoe

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Indeed its true that less is more  when it comes to forex trading!!


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#27
myregister

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Why is that true? Of course, less means that the risk is lower and overall the profit would be totally higher rather than when you try to make profit higher with higher risk. If you are in profit it would be high profit for you, but if you lose that would be such a huge loss for you.


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#28
gaban

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we must continue to learn and practice trading well if we are still lacking for trading. Forex is a business that has a high risk so as to be successful in the business, we need to improve the skills of good trading.


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#29
sidejob

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Even if you don't lack of trading you still need to practice to sharpen your skills and of course increase more of your knowledge that you might not get from other kind of sources you have so far. It is better to know that less in forex means not more but security, if you lose you will lose in small amount, you win well the prize is lower but still a bit safer than trying to after bigger profit but end big at last.


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#30
Bonnie Berry

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I don’t know if newbies understand what this means. I believe less is to do with less traders (quality) instead of pushing for scalping (quantity), I think this is just the basis mindset of every new comer here, we all expect to be rich overnight, but rarely we have plans to achieve things step by step and I believe this is the biggest reason for downfall. The moment we start to understand the true potential of Forex, the easier we are going to find with making money and with top class broker in OctaFX, it only gets easier to do the work through their low spreads, high leverage up to 1.500 while there is also incredibly smooth trading platform to work with.


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#31
myregister

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Less for quantity doesn't mean that someone will earn less in quality. Some scalpers prefer to reduce their quantity to achieve more quality result by increase their lot size 1.5 or 2 times greater than their current lot size. Maybe this is what thread starter want to talk about and i surely agree. If you trade more you will face the danger and you may lose.


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#32
Godsent2

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Yes if we eleminate the greed we can do more much better but when dealing with forex you must surely encounter loss and greed and others things.
Our knowledge and skills is what that speak to us through this means earning will become more simple
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#33
myregister

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we must continue to learn and practice trading well if we are still lacking for trading. Forex is a business that has a high risk so as to be successful in the business, we need to improve the skills of good trading.

Improving your skills is not only in forex but also in the other business, without proficiency in that business you have bigger chance to lose your chance to grab more profits. Well, back to the topic Less is more in forex trading is not always true, but i think what Thread Starter want to say here that limit the risk is the first thing to think before how to make much more profits.


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#34
Godsent2

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Yes you are right,because in any business the risk is the first thing which is needed to be consider before we get started yes risk must be eliminated when you get ride of the risk then making it will become supper easy
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#35
aliforex

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Yes you are right,because in any business the risk is the first thing which is needed to be consider before we get started yes risk must be eliminated when you get ride of the risk then making it will become supper easy


Of coursr. While we are trading, we also need to consider the risk. That's why ee need to have good skill management. We can use demo account to hone our trading skill
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#36
radex78

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Yes risk management very crucial thing in forex trading, not always as trader will having accurate analysis all the time, with risk management and money management as trader will having better work to maintain their account from margin call quiuckly, stoploss and learning how to determine best taking profit is important here
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#37
bearhugs

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Less but more consistent profit is very good and high but risky profit is too dangerous thing in forex trading.


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#38
garuk

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Less but more consistent profit is very good and high but risky profit is too dangerous thing in forex trading.

Absolutely, but the most important is the need to continue to improve capabilities. Because any traded funds, if adequate ability, would be able to run with the maximum and will also be able to minimize the risks. I am also currently attempting to continue to build capacity, so trading that I run along with FBS, can run with the maximum


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#39
skyrock

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Forex is a good business but before any trader can make something positive from here he must first of all learn how to become successful and not doubt you must work with confident to win the market
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#40
tray22

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@myregister,I think it is better for our earning to be low but fail partaway,if you are a trader and want to use forex then you chose to sacrifice your margine at the inintial stage what do you expect then?
That is nonesens the right is conserve your margine and trading fund at initial stage while you trade
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