alam3636 Posted November 11, 2012 Share Posted November 11, 2012 Every one say forex trading is risky, i am keen to hear if there is a way to eliminate the risk completely? Quote Link to comment Share on other sites More sharing options...
David Posted November 11, 2012 Share Posted November 11, 2012 Every one say forex trading is risky, i am keen to hear if there is a way to eliminate the risk completely? It depends on what risks you are talking about and how you quantify them. As for eliminating all risks, it's impossible, since risks are simply present in every second of our lives, be it trading or not. Plus, would you consider the time wasted trading a risk? Imagine you didn't lose any money, but you lost countless hours of your time, would you consider that a loss? If so, you are risking your life's time with it. But if we constrain the topic to financial risks, there are many risks that can be mitigated to a point where they are insignificant, but never totally eliminated. You can never run from Commodity Price Risk, which is the classic problem with forex trading, that's the basic risk you are taking when buying any asset on the market, but what one can do is either manage it, mitigate it, or transfer it somewhere else. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 18, 2012 Share Posted November 18, 2012 There is almost no way to eliminate the risk on Forex trading 100%. We can only try to minimize the risk on Forex trading. But, risk is always a package on Forex trading, risk and profit. If we do not earn the profit, then we will get what the risk is Quote Link to comment Share on other sites More sharing options...
chintu Posted November 18, 2012 Share Posted November 18, 2012 I don't think there is any way to eliminate risk fully . if thee would be any way then all of the people will be leaving there regular works and start earning with forex itself . but unfortunately there is no ways to escape from risk . To be frank forex is a very risky business where you have the chances of earning at the same time may chances of loosing to we should be careful while trading . You can minimize the risk by practicing . Quote Link to comment Share on other sites More sharing options...
alam3636 Posted November 18, 2012 Author Share Posted November 18, 2012 I don't think there is any way to eliminate risk fully . if thee would be any way then all of the people will be leaving there regular works and start earning with forex itself . but unfortunately there is no ways to escape from risk . To be frank forex is a very risky business where you have the chances of earning at the same time may chances of loosing to we should be careful while trading . You can minimize the risk by practicing . Well it is right that forex traders have no other way but to take risk, even if we apply risk management it brings down the potential profitability, so bigger profit we go for bigger risk we are to face. Some use positive interest rates to gain risk free, others stay long term but then the profit is loss. Quote Link to comment Share on other sites More sharing options...
cesperlight Posted November 18, 2012 Share Posted November 18, 2012 there are some forex site which provide insurance about forex risk and how much you want cover they will decrees roi as compair of that.i didn't remember the exact name of site because i didn't show interest at that time maybe because minimum of site is high. i have to search again for that. Quote Link to comment Share on other sites More sharing options...
indieover Posted November 19, 2012 Share Posted November 19, 2012 For me I'm trying to improve my knowledge and skills. I think that I would be able to be happy if I would develop my knowledge well so I can lessen the risk in forex greatly. I'm not expecting to eliminate the risk in forex because that's just not possible. I'm not making too much expectations that it's possible to eliminate all the risk in forex as risk is what will always see in forex. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 19, 2012 Share Posted November 19, 2012 I agree with some comments on this HYIP here. The money management is actually very important thing to do on the Forex business here, and then also combined with the Risk management here. So, in this way, if we can do the risk management, at least we can minimize it. Quote Link to comment Share on other sites More sharing options...
tirus Posted November 29, 2012 Share Posted November 29, 2012 One can do their best to try and minimize this risk by learning and improving their trading skills so that they become better traders. Its not possible to eliminate the risks fully but a good trader will always try to better themselves and their technique so that they can eventually get to make more profits than losses from their trades. Quote Link to comment Share on other sites More sharing options...
rexway Posted December 1, 2012 Share Posted December 1, 2012 There is no way which we can trade forex and become professional offering risk free in forex trading there is high level of risk and nothing is risk free in here in forex but by applying properly and good money management we can overcome some of the factor that do contribute to the risk. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 1, 2012 Share Posted December 1, 2012 Risk is always in any investments or businesses. Risk is something we need to accept in order to gain profits we aim for. Jut think that if we have profit there will be always losses and losses is always has the risks involved. So, traders should not think of totally eliminate risks in trading as obviously there's no such. What we can do is to have here risk management and to lower the risks. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 1, 2012 Share Posted December 1, 2012 This is true because unfortunately it takes money to make money and the more profits or returns you would expect from your investment is more risk that it will entail. The same applies to forex trading because in as much as there is the opportunity to be quite profitable in this area, there is a lot of risk that has to be taken as well. Quote Link to comment Share on other sites More sharing options...
rexway Posted December 3, 2012 Share Posted December 3, 2012 @tirus you are funny but its true it takes money to make money for sure so risk take mostly in the world today if you are not ready to take a risk be then be rest assured that you are nobody so the more risk we take the more our chances to be on profit. So risk can never be completely eleminated Quote Link to comment Share on other sites More sharing options...
tirus Posted December 7, 2012 Share Posted December 7, 2012 This is especially true in forex because there is a great potential to make good earnings from trading and the fact that this is the case means that the risk potential is also very high. If this wasnt the case then a lot more traders would be very rich from trading in forex but this is unfortunately not the case there will always be an element of risk. Quote Link to comment Share on other sites More sharing options...
indieover Posted December 8, 2012 Share Posted December 8, 2012 there is always risk in forex. so we just have to accept the risk in forex. but we should learn to trade well so that we would be able to reduce the risk greatly. if you have lack of knowledge then you are just increasing your risk and you are gambling in forex. forex is something you would need to learn a lot of things. it is not something you can just take lightly. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 8, 2012 Share Posted December 8, 2012 Acceptance in risk will give way for us to continue to trade and make profits. Once we know and realize this factor we will going to form our strategy and risk management in order to cope with the risks or losses in trading. I know that it will be going to difficult for the early trading. So, newbies don't easily accept the risks in trading. Though, we can't have eliminate it fully the risks. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 11, 2012 Share Posted December 11, 2012 Yes riddick we should accept the loss if we loos money and it is a well know fact that there is no risk to eliminate the risk every business have its own risk and in the same way forex also have a very high risk and i don't think there is no way to over come risk except a good practice that will not take you to the risky situations . Quote Link to comment Share on other sites More sharing options...
tirus Posted December 12, 2012 Share Posted December 12, 2012 Accepting that there is a risk in forex is good because we are not going to get frustrated in the event of losses because you know that they are part and parcel of trading. That doesnt mean that we need to relax though but we must remain vigilant and try to avoid these losses and learn from the ones we already came from. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 12, 2012 Share Posted December 12, 2012 the way is you need to have good mindset like, you must be know that forex is not easy or hard way to earn and they are high risk program, so accepted it. you can loss your money instantly if you make few mistakes here, also forex is not quick rich scheme, actually it will not eliminate risk fully but it will minimize the risk. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 13, 2012 Share Posted December 13, 2012 The only way that you can fully eliminate the risk in forex trading is if you just never trade. Other than that anyone who is involved in forex trading should be aware that there will always be some amount of risk involved regardless of how much trading experience that the trader has acquired. Experience will only help you to minimize the risk but not eliminate it. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 13, 2012 Share Posted December 13, 2012 Until and unless you are good enough enough with forex skills it is really very difficult to eliminate the risk fully in forex . and i cant say that the risk is fully eliminated but still there will be risk . since fore is a risky business so i don't think it is possible to eliminate the risk fully . Quote Link to comment Share on other sites More sharing options...
monyitomon Posted December 13, 2012 Share Posted December 13, 2012 No, there is only way to lessen it but there is no completely way to eliminate it because upon entering Forex trading you are already taking a risk, Forex trading itself is a risky business so it's part of this business. It just depend if you are IN or OUT. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 13, 2012 Share Posted December 13, 2012 Until and unless you are good enough enough with forex skills it is really very difficult to eliminate the risk fully in forex . and i cant say that the risk is fully eliminated but still there will be risk . since fore is a risky business so i don't think it is possible to eliminate the risk fully . yup, it will something that people never or cannot eliminate, they must realize it, and the only way is by minimize it since we know that forex always change so minimize the risk of forex is not easy as many people say, it need good skills and also we need to be good in our psychology . Quote Link to comment Share on other sites More sharing options...
zebrut Posted December 14, 2012 Share Posted December 14, 2012 with the price changes every day that we did not know then we are required to keep learning every day looking for the best strategy in addition to that, we should really be able to hone our skills in analyzing price movements that occur and are always looking for the latest information on currency trading, because with the latest information provided by our currency trading expert can determine the position of a good trade so that we will get the results achieved Quote Link to comment Share on other sites More sharing options...
pepy Posted December 14, 2012 Share Posted December 14, 2012 @zebrut: since the price of currency will change every , so that is why we cannot eliminate the risk of our trading in forex, and there are many ways to eliminate our risk like do SL, it will give us one step to minimize the risk in forex and make us feel better, and many more which other trader have each. Quote Link to comment Share on other sites More sharing options...
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