Yes, Big Risk leads to Big profit & Big losses if Risk Management is not in place. Survival of a trader is directly proportional to Risk Management. You dont want to blow your account in first few months!!
I am not interested to inspire you on this issue! If you area new Forex trader then I must say, please don’t trade here without proper money management rules! Trading, it’s all about discipline! By the way, now I have double trading lot using opportunity in my live trading account because of 100% bonus of trade24! That means, I make big profit with low risk, that’s really interesting!
First of all, you have to confirm your trading skill thenyou can use standard risk reward ratio! But it’s true, if novice traders use high risk ratio without proper planning and strategy that would be costly! I am very defensive actually! Like I use only 2% risk in my trading, because I focus on mainly consistency! I have enoughdefensive weapons in my live chart from award winning broker trade24, here I get 1:1000 leverage with 100% welcome bonus offer!
You have possibly heard that people say high risk, high rewards. In the space of forex trade it proposes in the event that you require phenomenal yields, you need to change your portfolio appropriately. Forex itself is a risky business. You don't need to put it all on the line to make profit. Or, then again perhaps I should state you ought to risk everything, it will give you consistent advantage. I'm trading with Jmfinancial.Eu broker. It is a regulated and trustworthy broker in Kuiwat. I like their ultra low spreads beginning from 0.0 pip. It likewise doesn't requote while I submit any request.
The most common myth in any business: no risk no gain. The factis true to some extent. But taking risks is not mentioning that you have to investment huge sum of money without proper caution. If you are able to handle your risks then of course your big risks cam give you big profit. But in forex market we generally want to take calculative risks, a risk that you can bear within your limit, otherwise you will turn into a gambler.
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