Community Forex Questions
How to become a professional forex trader?
When trading Forex, make risk management a habit. There is an outstanding money management strategy for trading Forex with the least amount of loss and maximum return. It's a low-risk method.
It has been known for a long time. However, it is only utilised on a regular basis by specialists. The risk per transaction in other marketplaces is often less than 2%. In Forex, it is advisable to risk no more than 1%.
There are three reasons for this method's exceptional efficiency:
A succession of inefficient transactions limits the overall loss, keeping the deposit from being squandered.
Several profitable transactions allow for an increase in trading volume. The profit is reinvested.
Money management operates continuously, even when a trader is not using it.
It has been known for a long time. However, it is only utilised on a regular basis by specialists. The risk per transaction in other marketplaces is often less than 2%. In Forex, it is advisable to risk no more than 1%.
There are three reasons for this method's exceptional efficiency:
A succession of inefficient transactions limits the overall loss, keeping the deposit from being squandered.
Several profitable transactions allow for an increase in trading volume. The profit is reinvested.
Money management operates continuously, even when a trader is not using it.
Professional traders, can work scheduled on time fully disciplined I think, work hard and most of them suggest work in trading strict rules risk management, most they say just limit risk only 1% or 2%, this will increase more chances, but maybe each pro trader they have a different way to work in trading.
Jun 02, 2022 19:23