Risk management is key to survival.

[Marian Median]

Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost. To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

 

[dancaboi13]

Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost. To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

Great piece of advise for a starter trader....without risk management, the rest is pointless

 

[aidil]

nice ea and it worths trying out. i know someone that is using it but has been denying me access to it

 

[kuan ren]

Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost. To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

Yes risk management is important

 

[TraderFoes]

Risk management but also sticking to a strategy rather than goinf crazy. If implement the strategy poorly, even risk management cant save you.

 

[cypher11]

Thanks for this. i lose $100 today.. i don't have enough idea about risk management, its a big help to me.

 

[Ozz]

Risk management is vital in protecting your trading account and should be part of your trading plan.

 

[whysoserious74]

Definitely important. I’ve gotten better but i still got some work to do on risk management.

 

[nhatnam0103]

I know it but some time still forgot to put SL in a trade, and I had been paid for that bad habit.

 

[hyrosat]

is the thing I'm reading on several posts, I'm testing on mt4 with demo account, is there a precise rule?

 

[kha_]

How do we manage all of the risks very well, especially for new traders?

 

[siphone]

I agree because that is the hardest thing for noob like me.

 

[Chrisyyy777]

Yes, always set a stop loss and take profit with a proper R:R ratio.

 

[mrcl2]

Well, one always works with the principal theory one has.. .It takes time till its all sufficently fully shaped and ready for use.. .

 

[Ishan]

Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost. To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

Hello I am new in forex trading my question is how to identify where to put SL and accurate TP while trade in forex.

 

[Ekmanso 1]

what a a concise and insightful submission...Risk management and the strategy used should be given equal weight

 

[DelFx97]

Indeed, its extremely important to follow the risk management rules all the time

 

[JamesAH]

You can have the best strategy of all time, but without risk management you're going to fail in the long run.

 

[TheRedTrouble]

In my opinion, you need to have a solid rock strategy that makes you profit in the first place. By using a little bit of technical analyzing the loss points involve risk management in order to keep things work smoother.