Willing to risk?

Discussion in 'Newbie Questions' started by koyl, Jul 16, 2015.

  1. koyl

    koyl Trader

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    Forex is very risky and so there are always losing trade. Most people are afraid to trade in forex because they do no want to lose. As much as it is risky it is also profitable and open to everyone to trade and earn profit. To trade forex you have to be willing to lose in order to be successful.
     
    Nasir Ahmed likes this.
  2. Stan Cooper

    Stan Cooper Newbie

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  3. Sarah12

    Sarah12 Newbie

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    Agreed!,The probability of losing everything you put in forex is high but then again Nothing on earth is free of risk,infact per some basics the higher the risk, the higher the reward.It all comes to how you think as a Trader.Stay clear on developing your strategies and improving discipline in trading these would reap the results expected
     
  4. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    Of course, Forex course requires risk. But the risk is reasonable. If you risk recklessly, it will be folly that leads to the loss
     
  5. That is true. You can't love losing but you have to accept it. Even the best traders in world lose. But it's about how much you lose when you lose and how much you win when you win, about using a positive expectancy strategy, and about an ongoing and never ending process of improving.
     
  6. The risk is part of the thrill for many. But it should be taken easily, as part of the statistic of your strategy, as part of the process.
    However, don't risk too much as then there will be no trading and no process:)
     
  7. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    Of course, forex forces to risk, but this should be done wisely. The risk does not have to be mad. You should count yout steps trying to figure out the costs before taking any steps.
     
  8. Samsu_samsul

    Samsu_samsul Trader

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    It's a very risky business, don't execute your order without analyze it first unless you're about to test your luck.
     
  9. ApipFx

    ApipFx Trader

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    Behind those risk lies lots of profits. The most important in forex trading is you should have to be ready to lose your money. If not, you'll get yourself afraid to place an order.
     
  10. Damiri

    Damiri Trader

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    if you are newbie , always remember, how much amount you can afford to lose if you start to live trading?
    $25?$50?$100
    what kind broker that you want to use? which one is better?deposit $200 in a good broker but you can not afford to lose it.
    or deposit as low as $25 in a retail offshore brokerage services with a good track records?and already online for years.
    and you can get same facility and same spreads in this retail , ?

    ask your self., how much money you can afford to lose?
     
    Lawrence likes this.
  11. Lawrence

    Lawrence Active Trader

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    Any amount that we have lost is gone and is not going to come back to us.

    The habit of traders is to invest more trading funds and try to recover their losses but the reality is that this will never work out and they have to improve their trading and make some changes in them so that their income is stable :)
     
  12. Samsu_samsul

    Samsu_samsul Trader

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    This is the sentence that every newbie traders should know. Some greedy newbies may put all of their investment when they're just recognized how forex trading works, without learning any trading arts properly and it's a big deal when they lose almost all of their funds that they weren't ready to lose.
     
  13. I agree. So before anything a trader must understand some basic term and money management strategies such as Leverage, Risk Per Trade, and also be familiar with betting system. When you know these you can feel more comfortable to take calculated risks. I have just uploaded some articles on these topics on my site, if you wanna check it out.
     
  14. Luthfi Maung

    Luthfi Maung Trader

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    Learning forex trading is equal to learning something in college, gotta risk some (time, money, etc) to be a better trader in the future.
     
  15. Lawrence

    Lawrence Active Trader

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    Since we are looking to get a good income from our trading we must be mo re concerned about learning at first. As i have seen traders who are very eager to do their trades and earn a income without having the right kind of knowledge with them :)
     
  16. Exactly, if you want to be a professional you have to threat it as a profession:)
     
  17. Jenal Aripin

    Jenal Aripin Trader

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    That's right, and it's a long journey for newbies to treat this business as their profession.
     
  18. Well, yeah. Its a long journey to be a professional, however to treat it as a profession i think one should just from the beginning
     
  19. ApipFx

    ApipFx Trader

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    Sure. But most newbies never treated this business as profession, they just treat it as a fast money maker (from their point of view of greed).
     
  20. Indeed. That's why they stay newbies and never get to be pros:)
     

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