Do not ever take a big risk if we do not have enough good skills

[lioneld]

Forex has caused large losses to many inexperienced and undisciplined traders over the years. You need not be one of the losers. Knowledge is the ENABLING virtues for any serious investor.

Absolutely, knowledge is the key here! Even, you can make a handsome monthly return with an ordinary trading equity when you have a decent trading skill; but without knowledge nothing is possible.

 

[William]

Yes, I agree with you that you need to take well calculated risks. I think working on a constant risak management and money management plan is a better option in this regard. Do you have a backup plan as well? It is also necessary guys!

 

[Oscar Shumack]

Yes. taking risks as a newbie may put you in great danger.

 

[Eduardo Lucchese]

Without proper knowledge and skills, it will be very dangerous to take any risks.

 

[David Marco]

Taking risks is a must thing in this market. If you want to become a good trader, you have to take risks.

 

[FundUp]

But risk must be in accordance with the capital in your account. Better to keep the risk to reward ratio high as one not want to loose more than he/she has.

 

[Alicia Lynch]

If you don't have experience, you shouldn't take big risks. This can lead to zero investment. Trading should be done by managing risk.

 

[Mark Dahl]

For retail traders using technical analysis, and low information signals with a minimum of information advantage, the most important aspect is luck.

 

[Gito Dinev]

If you can become a Professional level trader with a net profitable system you can attract capital from any number of sources.

 

[Kazumu Fukunaga]

If you can become a Professional level trader with a net profitable system you can attract capital from any number of sources.

If you're not professional you won't be successful. Professional does not mean you should take trading as an occupation. It's about having the right skills and a mindset that is suitable for trading in forex.

 

[FXOpen Trader]

If you're not professional you won't be successful. Professional does not mean you should take trading as an occupation. It's about having the right skills and a mindset that is suitable for trading in forex.

To be able to become a successful trader in the business of Forex trading we will need to make more Efforts.

 

[Oscar Shumack]

Sometimes taking big risk is the outer expression of greed and we should be out of greed for the sake of ourselves.

 

[SaadBinToha]

There are many indicators that you can follow but I can suggest you fibonacchi and moving average in particular. Both technical and fundamental analyses are preferred for catching the changing price.

 

[Ethan]

Loss can occur due to many reasons including inefficiency of trading, wrong market analysis etc. Whatever the reason is, we have to admit that loss is a part and parcel of trading.

 

[Aaron_0]

Only dedicated traders succeed in this market but those who are not dedicated fail ultimately. To be successful in Forex trading, a trader must be innovative.