HM & KLENIKELs TRADING
HyTrader
Wacan
Learning Two Important Things In addition to the Open Position In Forex Trading
Learning Two Important Things In addition to the Open Position In Forex Trading
If you want to hold trading positions for a very long time, then you need to understand two things: Level of risk management close position (tp / sl)
If you have a forex trading account with $ 1000 or $ 1,000,000, the second of the above must be known before the trade is done.
The author will try to describe some of my mistakes when starting forex trading. Perhaps after reading this, you will understand how important because if you've logged into this situation, this experience will be important or if not, you will soon experience it.
When I started the transaction and learning, there are times when it is so confident that the trade will be profitable because of high confidence will obscure the meaning of risk in forex trading.
Before the entry position of authors have considered / her faktor2 analysis. At that time, I use strategies that do not 'clear' (principally involved borrow trader master more - longterm follow trends and do not forget SL / TP- to message master etc.).
A short word: And Finally I SELL 'GBPUSD at 1.6110 price because it is sure to go down right I hope to get the target of 100-200 points.
Then plug TP = + 1000 points SL = -1000 point.
The movement of GBPUSD could be wild / fierce sgitu range might be 1 hour devoured 'bgitu think I- nah kalo 1 week 500 point move could have her'.
True next few hours my -Open profit! GBPUSD dropped 82 points - since I had had a 'tp / target profit' above then I let it not hit open .. (inwardly ya? Reasons) qqq ..... ^ _ ^
But what happened in reality?
In market 'take profit I've not been in contact alias set untouched and even reversal of the price actually open my. Day by day-and week turned into weeks.
Nothing feels more 2w OP was still krasan 'boarding' room with the red paint floating minus alias' GBPUSD rose .. rose and then rose even as it pierced = 1.7055>
Previous OP I have profit 'with 82 points krn blm reason diatassss in close / EXIT ---- even so have profit and loss is sustained greater success ... large and biger!
And finally lakoq- 'ludes! SEVERE..? he ... he ... he .....
Now, with no loss of power moment will continue to increase beyond the level of comfort, and eventually make a huge loss! Stop loss is hit with heavy losses.
Now I am struggling to re-create a forex trading account having just suffered a major loss.
First decide how much you feel comfortable to take the risk of losses on every trade you make. You need to specify how many% (percentage) risk per trade.
Let's make some calculations, if you have a risk of just 2% of your account on each trade, then any 50 consecutive defeats transaction will remove the funds in the trading account $ 10,000.
If you have a risk of 5%, then the funds in your trading account will be depleted with 20 defeats in a row. If the risk of 10% on each trade each then you only need 10 times in a row suffered trading losses.
"Can you see a pattern here? the more you have a high risk on each per trade ".
If you have funds in your account $ 5,000 then to risk 2% per trade, this equates to risk $ 100 per trade. At the risk of 5%, you are risking $ 250 per trade.
With a 10% risk, the risk per trade is $ 500.
Personally I trade with risks from anywhere between 1% to 5%. With meresikosikan wah -susah really does wrote it?
risk target = 5% per transaction for me it was a suicide.
Remember, the more you risk, the more quickly your forex trading account funds will be lost.
Here's what I do: I have a daily trading risks between 1% and 5%. If I lose 5% on the day, then I will stop trading. When I trade on tomorrow, I will be dealing with the risk of trading 1% or 2% every day. I'll trade with little risk to return the original account.
Why 2% for risk management? I have bought and read and books on risk management to trade forex and a lot of these books say that we have to risk 2% per trade.
Before you open a position, you should have a plan on how to close the position.
You will close the position when: Stop loss of contact with advantage for the target take profit hit Trailing stop loss of contact Close position when the loss is too many. Close look at an entry position when the trading signals as opposed to the open position. Some traders have a system or strategy close position alone..
So it is important for us to know two things above so we can use on a daily forex transactions.
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