Quote from: Gozie51 on July 16, 2025, 05:16:44 AM

Quote from: MarangoZ on July 15, 2025, 10:37:14 PM

My strategy is 1/3 so I risk 1% of my balance to profit 3%
If i lose twice that means im only 2 % down
i dont do more than 2 trades per day as overtrading leads on lost

my 1st live trading was a profit as I try to maintain the discipline and risk menagment

In trading, risk management is very important. The amount used to risk for your profit should be lesser to what you are aiming for so that even if you lose that trade, it won't affect your account size and discourage you to go for a potential winning trade. Just as you said 1/3 ratio is cool.

However, emotion is important to be put under check. Trading demo is not same with real trading because of the real money involved.

We also have to know it is very risky trading forex or CFDS. They are highly volatile and you can lose your capital at a go if you don't protect your account by using SL.

The problem is that so many persons fails to understand the way of trading, if someone should learn trading that person is ought to know that risk management is very important thing to know in trading, trading is like something we have to understand the basics things, at most or at first you have to acquire the basics procedures of trading before you embark on trading, so many people get lost in trading due to they failed to learn, I think consistent trading can make you as a trader to know the loophole in trading and you will overcome all the problems you might encounter