I really agree with you! I also have seen expert traders consistently keep the money management rules very carefully! Utilizing greater than 2% risk reward ratio is truly risky.Originally Posted by ;
I really agree with you! I also have seen expert traders consistently keep the money management rules very carefully! Utilizing greater than 2% risk reward ratio is truly risky.Originally Posted by ;
Managing 2% risk until closing any order wasn't a simple task , expert trader can handle their risk ratio accurately due to having long term experience. But as a beginner there's no chance to maintain 2% risk for all time , however if we practice more and more above all in demo account there's a possibility to become edued about risk management that could deal with our risk ratio accurately.Originally Posted by ;
Risk ratio does not maintain at all at the exact same position, its constantly volatile. It can be volatile from 2%-5%. But if this calculation increases , then you need to understand you do not understand how to manage risk.
Every Trader is having his own risk management based on which he takes risk of his cash and handle the trade so that he can win maximum pips.
I presume, when you have this outstanding success ratio with your trading platform such as 96% more, just than you can use 5% (it is too much high risky).Originally Posted by ;
Yes it is, we now the traders generally pick our trading egies based to our trading comprehension and we are aware of how much risk we can take when trading practically. In my trading career , I am not capable to manage my risk ratio during news due to absence of actual fundamental knowledge , that is why I constantly avoid news trading even though news trading is profitable.Originally Posted by ;
I am new to forex. However, about 2 weeks ago began testing long term charts and utilizing 5%-7% risk free of sl or tp, this of course in demo account. And less then 2 months I am up 60 percent (this is principally due to no tp and quite good win ration).
I think its viable in long term if sl and tp is in place and win rate is kept high.
I will try it for couple months.