andry777 Posted March 3, 2011 Share Posted March 3, 2011 If we wanted to be good trader, so we must have good risk management as our strategy to limit our losses in forex because risk of losing in forex couldn't be eliminated. So what is your favorites risk management strategy so far? If me, I like to use Stop Loss because it's the most simple and the most effective for me to prevent big losses and Margin call. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 4, 2011 Share Posted March 4, 2011 Yes its very true without moneymangement its not possible to success in forex and veryone should have plan to do this. for me i never risk 5% each of my trade because before i seen with out risk mangement how it horrible. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 4, 2011 Author Share Posted March 4, 2011 @Nikhil So you're low risk taker traders, that's good so do I. I don't like to risk more than 10%, maybe a little bit risky than you, but I think that is rarely happen too. I will risk 10% a day if that is really necessary but mostly, I won't use more than 5% too for all of transactions in a day. So it's not only one transaction, if one transaction I will risk below than 1% for my safety. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 10, 2011 Share Posted March 10, 2011 @Nikhil So you're low risk taker traders, that's good so do I. I don't like to risk more than 10%, maybe a little bit risky than you, but I think that is rarely happen too. I will risk 10% a day if that is really necessary but mostly, I won't use more than 5% too for all of transactions in a day. So it's not only one transaction, if one transaction I will risk below than 1% for my safety. its true 5% is really low when we have low amount means lower $100 and i have such amount .so if i take more risk than it may loss big amount but my TP is good . and its ture with big capital 5% risk is low risk which i am agree with you. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 10, 2011 Author Share Posted March 10, 2011 @Nikhil Maybe that was low amount if you looked it daily but if you could make that much amount consistently, in a month you could get profit 100% from your capitals. I think that was amazing business to get BEP in a month only and I don't think that was low amount of profit. That's my opinion, maybe each trader has different calculation. It's big profit enough for me. Quote Link to comment Share on other sites More sharing options...
boniez Posted March 12, 2011 Share Posted March 12, 2011 I consider risk management with a number of orders and lots of use in a day. if I use a little money investment, so I just did a little order in the day, as well as small lot size that would use Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 12, 2011 Author Share Posted March 12, 2011 @Boniez Yes, that was good if you could limit how much lot size which you used in a transaction and you limited numbers of open position which you used each day, that was good to limit your losses but you must limit when the floating loss happened too. Quote Link to comment Share on other sites More sharing options...
boniez Posted March 12, 2011 Share Posted March 12, 2011 @Boniez Yes, that was good if you could limit how much lot size which you used in a transaction and you limited numbers of open position which you used each day, that was good to limit your losses but you must limit when the floating loss happened too. of course, to overcome during a floating minus, for sure we use a stop loss or trailing stop, but usually if I'm monitoring the charts, I'll cut loss manually Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 13, 2011 Author Share Posted March 13, 2011 @Boniez That was good if you could monitor chart and pay attention to the site when it moved and you could cut loss it manually but there is time when you couldn't cut loss it manually. When the movement of price was so fast, Stop Loss will really help you to limit your losses. If you used cut loss manually, it will happen requotes so oftenly. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted March 30, 2011 Share Posted March 30, 2011 Risk management is the most important thing in forex trading. This is because there is no way that we will continuously increase our trading account and elongate our trading career. It is good money management that helps us to secure our profits and prevents us from losing good profits that we are making. Compounding is a good type of risk management. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 31, 2011 Share Posted March 31, 2011 yes i am agree with you that it will help us to keeping profit and secure our initial balance means secure our account from washout . actually there is no impossible to forex means price ups and down and only money management can save us from horrible trouble. Quote Link to comment Share on other sites More sharing options...
girlaloosh01 Posted March 31, 2011 Share Posted March 31, 2011 Yes, losing in forex cannot be prevented. Though it can be lessen, still losing is visibly present. There are lots of strategies that you may consider for you to succeed in forex trading. Forex has a lot of components, and it's impossible for you to know ALL of that. So the best thing is to set your strategies in order to eliminate losing during trading. Quote Link to comment Share on other sites More sharing options...
andry777 Posted April 14, 2011 Author Share Posted April 14, 2011 @Icy That's what I wanted to ask in here, what is your risk management strategy? I knew if our own strategy will be the best but it will be better to share your strategy in here and your opinion why did you choose that strategy as risk management. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 24, 2011 Share Posted September 24, 2011 My risk management strategy is simple. First of all, I do place a tight Stop Loss and a Take Profit on each my trades which keeps my account safe from those volatile price movements and avoids me from loosing more then expected from my trades. Moreover, I never invest more than 2% of my initial capital on a single trade. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 2, 2011 Share Posted December 2, 2011 Well i do go with two types of trades one day trade or short term trades and for those i apply strict stop loss and try my entry near major support level but i dont wait for the target to reach near major resistance when ever i notice a reversal i close my trend, and in long term trades i go long with only instruments that has good fundamentals that too with very low leverage and without stop loss. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 You can use it in trading through its reliance on stop-loss, or you select a certain percentage to enter into transactions of capital and must not exceed 15% Quote Link to comment Share on other sites More sharing options...
Momloocabow Posted December 15, 2011 Share Posted December 15, 2011 claritin for hives, buy claritin online, special warnings about claritin Quote Link to comment Share on other sites More sharing options...
omostar Posted December 19, 2011 Share Posted December 19, 2011 I make sure i do not risk more than 5% and at most 10% of my margin. Although sometimes I must confess, I get too excited and enter into too many trades at a time which i know is not so good. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 13, 2012 Share Posted January 13, 2012 claritin for hives, buy claritin online, special warnings about claritin  Nice post.  Anyway, at this point of my trading career, my risk management is not that solid yet. Most of the time I do not put SL in my order as I do not leave a trade. I am in front of the chart looking for the market movement. Sometimes, I lose a lot because of this. Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 It is the fact that I risk about 1% for every given trade I take regardless of the pair, the time of trading, the signal strength and the type of currency pair whether majors or not. I never go beyond this limit and no matter how greed tries to tempt me, I will not. Quote Link to comment Share on other sites More sharing options...
euro Posted October 10, 2013 Share Posted October 10, 2013 I use stop loss all the time on long term trades. I exit the trade as soon as I see it turn downward. I watch my trade very closely. I try to build as much knowledge and experiences as I can and I do not gamble with my money. I do modest amount of capital to prevent a lot of losses. I also use low leverage to prevent total wipe out. I do not trade during non market hours. Quote Link to comment Share on other sites More sharing options...
kiranchandra Posted October 17, 2013 Share Posted October 17, 2013 Risk Management Strategy ? I always laugh at that , Unless you are a newbie you dont need of thinking about this. Â However im still using the demo account and not thought of it. Quote Link to comment Share on other sites More sharing options...
standart Posted October 23, 2013 Share Posted October 23, 2013 I am only stick with small margin size per trade which require me to not necessary suffering big loss when I am make wrong decision. I am always make my capital able to cover 1000 pips loss. this calculation based on my trading strategy performance. even in worst scenario, I won't suffering loss till 1000 pips in short period of time. Quote Link to comment Share on other sites More sharing options...
gaban Posted November 1, 2013 Share Posted November 1, 2013 Risk management is very indispensable in forex trading. With good risk management, will help us to minimize the risk. Because forex is inseparable from risk. Forex risk can not be eliminated, but can be minimized. Risk management that is often used by traders is Stop loss. This is one of risk management, which we limits the extent to we will bear the loss. Quote Link to comment Share on other sites More sharing options...
davils9 Posted November 10, 2013 Share Posted November 10, 2013 Forex trading is most important and popular all over the world, because make more profit from forex is very easy so it is most popular. But it is risky business too. If a man is greedy it will be harm for his. So we need to leave our greed and would be honest for forex trading Quote Link to comment Share on other sites More sharing options...
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