monyitomon Posted December 14, 2012 Share Posted December 14, 2012 Stop loss is to lessen the risk that you are taking so you can use that instead of thinking some impossible things that we can't have because even in life there is no 100% chances of winning so you have to deal with it. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 15, 2012 Share Posted December 15, 2012 Yes we can use the stop loss to eliminate the risk to some extent and that is the only way we can use . and most of the traders will be suing this to minimize the risk factor in trading and i am sure that it will really work to an extent . any way there is no other way to eliminate the risk completely in forex . Quote Link to comment Share on other sites More sharing options...
tirus Posted December 15, 2012 Share Posted December 15, 2012 Its the best that we can really do under the circumstances because when it comes to fully eliminating the risk of forex trading then we know that we cannot accomplish that. The nature of the currency markets is different and so unpredictable that it would be difficult for to make be rid of the risk completely. Quote Link to comment Share on other sites More sharing options...
indieover Posted December 26, 2012 Share Posted December 26, 2012 There's nothing wrong if you would consider forex trading as a full time job. but i don't think we can just do that right away because we would need top learn a lot of things first before we world be able to depend on forex Quote Link to comment Share on other sites More sharing options...
tirus Posted January 2, 2013 Share Posted January 2, 2013 There will always be that element of risk as we are dealing with unknown factors that are influencing currencies. If forex were to have limited risk then it would surely be quite easy to trade and there offer lower potential for profits in the process. All that we strive to do as traders is to try and minimize losses by preparing ourselves accordingly for trading. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 3, 2013 Share Posted January 3, 2013 Eliminate risk is already a question that already has an answer.Infact i would be coming out plain to say that there is no business in life that one wishes to do that doesn't need risk to be taken.risk is important in our everyday life so forex risk can never be eliminated. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 3, 2013 Share Posted January 3, 2013 Yes we can use the stop loss to eliminate the risk to some extent and that is the only way we can use . and most of the traders will be suing this to minimize the risk factor in trading and i am sure that it will really work to an extent . any way there is no other way to eliminate the risk completely in forex . Â not eliminate it actually but more to reduce the risk that happen because of our action in trading, SL is good and all newbie must use it even pro also use it so if they suffer loss at least not all of their capital loss because of that thing, and this feature very helpful for newbie how to manage the risk Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 3, 2013 Share Posted January 3, 2013 Everything in life is a risk that's why we should move normally despite the risk because if you wouldn't take any risk then what can you do? Especially, in Forex trading that everything is risky because you put your money on it, so you need to give your best shot and make some profit. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 4, 2013 Share Posted January 4, 2013 Eliminating risk is something even specialists would never get to solve.Taking risk is part of life.To succeed in anything one just have to take the risk and with that every forex success likewise also requires risk even it is a slight one at that time. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 7, 2013 Share Posted January 7, 2013 I am sure that there is not way to eliminate risk completely and if you really want to eliminate the risk then there are some strategies like stop loss , cut profit strategie and many more it would be better to use those strategies to minimize the risk factors of the forex business . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 7, 2013 Share Posted January 7, 2013 There is always a saying that the road to success is a narrow one expect you take a wise risk then passing through would be extremely difficult.sincerely without risk we wouldn't have been seeing great forex experts today.There must surely be a risk for forex success. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 7, 2013 Share Posted January 7, 2013 I am sure that there is not way to eliminate risk completely and if you really want to eliminate the risk then there are some strategies like stop loss , cut profit strategie and many more it would be better to use those strategies to minimize the risk factors of the forex business . Yes, putting together those strategies in place will help to minimise the risk and threfore the losses but that does not meant that you will be able to eliminate it fully. Forex would not be the same if thre was a way to eliminate this risk in its entirety. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 7, 2013 Share Posted January 7, 2013 But not all strategies will work in forex because there are only some good strategies that will work good so it is suggested that a trader will be choosing a good strategy that can make him profits but not loss . Actually the risk is very common in all the business so if we have risk only we can perform well . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 8, 2013 Share Posted January 8, 2013 What i would be saying is that it is possible to minimize the risk we would be taking but eliminating it is what i would be saying is totally impossible because for every success ladder climbed,there was surely a risk that was taken.we just cant do without risk in forex. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 8, 2013 Share Posted January 8, 2013 Minimizing the risk is really possible in Forex trading, but eliminating the risk then that is something that is impossible to happen in here because if there is such thing then everyone will keep going without second thought because there is no risk at all so there is nothing to be afraid with any action we do in here. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 9, 2013 Share Posted January 9, 2013 Since it is our everyday wish to be successful in forex then it should likewisely be our every day wish to take risk.risk and forex success are in line both work for the good of themselves but if wrongly used,it could likewise work wrongly for them. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 10, 2013 Share Posted January 10, 2013 The only way to eliminate risk in forex is just be gain m,ore and more knowledge and that can help you not to loos much amount with forex . as we all know forex is a business where there is lot of risk and we know that eliminating risk in forex is not at all easy so every trader should try to improve there forex skills and that can help you to some extent to minimize your loss . Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 12, 2013 Share Posted January 12, 2013 Learning does not stop, and we should just keep ourselves better in here and less attention with the things that it might not be possibie though we may often ask ourselves if there is any way as it's such a risky business that we always finding way to minimize the losses, but that is just that as no way to eliminate it. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 13, 2013 Share Posted January 13, 2013 Sincerely eliminating risk is what we should be studying technically.what is elimination,it means to get rid of something totally while risk is some un-usual steps which could be positive or negative that one takes to succeed.sincerely risk is important in life in which forex is amongst. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 14, 2013 Share Posted January 14, 2013 Minimizing the risk is really possible in Forex trading, but eliminating the risk then that is something that is impossible to happen in here because if there is such thing then everyone will keep going without second thought because there is no risk at all so there is nothing to be afraid with any action we do in here. Â Yes you are right friend we can minimize the risk in forex but it is not possible to eliminate risk in this business because as we all know forex is a risk business and even after knowing about forex there are many people interested in this business . of there will be no risk in forex then every one will leave there jobs and come to forex to earn money Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 14, 2013 Share Posted January 14, 2013 Yes, because I think that there is no easy to make money though Forex can be an easy way once you are skilled trader. But when we are just starting up then for sure it will be surely hard because there are many losses that we may experience it's really better that we are prepared about those losses as we can be prepared emotionally and mentally. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 14, 2013 Share Posted January 14, 2013 Yeah we should be controlling our emotions when doing forex.Though it is extremely difficult but yet we should try to control it especially when we get to lose funds.forex is good and that would be for those that would always be ready to solve the puzzle. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 16, 2013 Share Posted January 16, 2013 Well, the fact that there is always going to be losses in trading is one thing that means eliminating the risk is not possible. All in all a trader will always strive to make the best of the circumstances under which we are trading knowing that there is always be some risk involved. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 17, 2013 Share Posted January 17, 2013 Yeah that's true.if there ain't loses then majority wouldn't want to sit up and that would majorly be bad.Taking risk is part of forex and every trader willing to succeed must endeavour to put this in place so that he or she would be joining the league of professionals. Quote Link to comment Share on other sites More sharing options...
rexway Posted January 17, 2013 Share Posted January 17, 2013 There is no way which we can get rid of our loss or risk because almost everything depend on us so the best thing here is that we need to try our possible best and be trading with a good money management and risk management just to be on the safe side of the business this will really help us minimize the level of loss which we suppose to incure here. Quote Link to comment Share on other sites More sharing options...
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