Traders have to learn the art of risk management in a proper way and if they can have the patience ,they can definitely trade as per the plan and can make good money from here in odd situation of market .
Please take a look around, and feel free to .
In trading forex actually this is risky business and the market sometime not always we can analyze perfectly, sometime facing mistake in analysis, and we need risk management in trading, to manage the risk
Well, do you like to use fixed SL or various SL’s based on the market context?That’s really true, there is nothing like perfect analysis in Forex, means no guarantee there! As a result, traders need to use stop loss trading tool thus they can avoid any unexpected result.
The reality is that in order to succeed you need to understand how the market is manipulated and how you need to participate to profit.
It depends upon your risk per trade in terms of percentage and stops loss in terms of a number of pips. I have never fixed any number for it.
Trading forex is about probabilities, proper risk vs. reward ratio, and good money management. There are many things which we should consider while trading.
Problem is most traders do not want to manage their risk. They suffer from overconfidence. As a result they lose money again and again and very few learn the lesson.Risk management is very much needed to survive in this risky market.