It’s very much important issue; since there is no certainty in Forex. So, following the rules of money management is the best practice!
The most risky market.
- Thread starter Adam Jackson
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It’s very much important issue; since there is no certainty in Forex. So, following the rules of money management is the best practice!
Not only risk-management; but also trading knowledge! Suppose, you have a good understanding on risk management but no idea on market movements I mean, trend & momentum! The result will be same!
In a long run; there is no way without risk management plan! Having a clear plan on this issue is must for live trading!
No doubt there is a lot of risk involved, but that can be curbed down using the correct management techniques and keeping greed out of the way
That is very true. I think Risk Management is very important to be considered. Money Management can be a good technique as well
Well I think both money management and risk management are important; can't under rate any.
When I started a new Forex business, it seemed a lot easier to me at first. It seemed to me that I was going to make a lot of money in a short time. But when the market started to get too shabby and grew too unstable, I lost a lot. And I found out that this is not an easy business to make our money on very easily. It requires a great deal of experience and knowledge. And the more knowledge and experience we have, the more we will become successful traders.
Forex is a risky market, but the risk: reward ratio totally depends on how well do you trade which will show your skills and knowledge of the Forex market.
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