Trade management

[Anderson]

Trade management is very important. You have to be disciplined and organized in your trading. A solid trading plan, money management, risk management, and risk reward ratio all should have been specified. One of the reasons Most traders fail because they are not disciplined in their trading.

 

[Andrew McCalam]

hidden cost very stupid thing i have ever faced , it depends on your trading broker , choose the right one and stay away from that.

 

[Mary78]

I agree on that. Lack of discipline is one of the major reasons behind a trader's failure. Many try to be overcome and handle their emotion quotient while trading, however, not all are able to succeed, mostly because of lack of a trading plan or a good system to follow

 

[Rageskin]

I agree on that. What matters most in forex apart from the knowledge that we all keep on talking baout is how you habdle yourself. You may have knowledge but still fail because of the prro choices you make while trading. It is good to have plan of how you will trade. Trading at random times is never a good idea althought most people do it.

 

[helodear123]

I agree with it, having a good desciline always help you to control your trade and make money. Always be patient, have discipline, control over emotions, good money managment and plan to become a successful trader.

Agreed with the details however i believe that this comes with the experience so the only thing needed is patience and dedication.

 

[Jodwyng]

That's actually a really good point. Many traders trade without a trading strategy and think it is okay. This is probably the way to trade, but it won't bring much profit to the trader and they are more likely to lose their deposit. So if you are really committed to normal trading, then a trading strategy is just a must have. Without it, you'll be like a lost puppy in the market.

 

[The trader]

Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.

 

[Faal]

1-2% risk is more comfortable for avoiding unfortunate risk and losses, but difficult to maintain this ratio at all times , because market moves at random most of the time.

 

[Lee Mark]

managing trade is not a minor issue , need a long time experience and long time patience . so be careful when making a trade management.

 

[Andrew McCalam]

In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.

 

[Lee Mark]

managing trade is not a minor issue , for ensuring a complete trading life or complete trade management you need a good knowledge and experience.

 

[Gito Dinev]

Trade management is very important. You have to be disciplined and organized in your trading. A solid trading plan, money management, risk management, and risk reward ratio all should have been specified. One of the reasons Most traders fail because they are not disciplined in their trading.

You are right. I think maintaining trading journal is also important part of trade management. It helps to organize and review your trade.

 

[Kazumu Fukunaga]

Yes managing your trade is very important after you open a trade. You should know when to close your trade. Sometimes you need to react quickly if trades go against you.

 

[Andrew McCalam]

it is more appropriate to go through the school minimum 2-3 times , but newcomer just finished school rapidly and kick off a live account. this is not good.

 

[Mark Dahl]

it is more appropriate to go through the school minimum 2-3 times , but newcomer just finished school rapidly and kick off a live account. this is not good.

Most of the new trader are less intertest in learning. They always want live action. So, they end up losing lot of money in the beginning.

 

[Darragh Bell]

Most of the new trader are less intertest in learning. They always want live action. So, they end up losing lot of money in the beginning.

Learning is very much needed for every new trader.

 

[Alexander Hudson]

A trader must deal with losses. If you can't deal with the loss, you can never make a consistent profit.

 

[Eduardo Lucchese]

You can make profit rise and fall market unlike stock market. Forex is also easy to start.

 

[Oscar Shumack]

The key difference between demo and real is in real your money is involved. And where money is involved, emotions are associated. But demo is a good place to develop your strategy. You can test our strategy on demo without any risk.