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  1. #1
    Dinh is offline Junior Member
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    Feb 2019
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    Default How to reduce Risk in Forex

    No matter how skilled you are in Forex, your level of risk exposure will determine your success. So, your number one rule in Forex is to set up appropriate risk system. Such Risk system will include setting Stop Loss and Take Profit all the time if you are a long term trader. Then apply the 1% or 2% of your capital rule.

  2. #2
    Billy Watson is offline Junior Member
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    Oct 2019
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    The simplest formula to reduce losses is via quality risk/money management but it is also important to join right brokers. It’s a common mistake traders make leading into increase of the risk, so this has to be avoided.

  3. #3
    Angel candy is offline Senior Member
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    Mar 2016
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    The simple way is to calculate the risk with your money. You need, proper plan and management system of your own rules so that you can follow it for the management.

  4. #4
    Andros is offline Junior Member
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    Feb 2019
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    Default

    Quote Originally Posted by Billy Watson View Post
    The simplest formula to reduce losses is via quality risk/money management but it is also important to join right brokers. It’s a common mistake traders make leading into increase of the risk, so this has to be avoided.
    I don't think risk has anything to do with broker. Even if you are using the right broker, you'll fail if you cannot manage your money. Brokers don't help traders manage money.

  5. #5
    Angel candy is offline Senior Member
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    Mar 2016
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    Default

    There is no easy way to reduce risk in the Forex market because every time risk is different and the market not 100% predictable for every trader so you have to keep calm in your mind.

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