adamsmiths Posted November 10, 2017 Share Posted November 10, 2017 Is it possible to protect yourself from the market risks? Do you think that successful traders are protecting themselves from the market risks? Well, if you consider the Forex market it is more than you assume. You can never control the market of Forex but you can learn it perfectly like a pro trader. If you divert your attention to the Singaporean traders they are becoming successful in trading because they have understood the market. It is not that they don't make mistakes or they don't face risks they learn the market as much as they can. If you want to become successful in trading you should not run away from the risks but you should face them bravely. Most of the traders assume that learning the money management concept and a few strategies would be sufficient to succeed in the market but it is not true. You should know to defense the risk which comes in your way while you trade. You should develop the defense mechanism if you want to become successful in the market one day. As naïve traders, you should learn the ways to avoid losing in the market and you should make proper defense mechanism to protect yourself from the market risks. In this article let us learn more about it. Do not create the scene Most of the naïve traders have the habit of creating the scene. So, what is this so-called creating the scene? When there is nothing to trade when the market is signaling nothing you should let it be as it but the naïve traders try to create a scene. They try to trade the market although there is no use of doing it. When they trade the market when there are no proper signals it may lead to higher losses. The chances of losing become higher when you trade the market without the trading signals. You should keep in mind that not to trade the market if there are no signals. If there are no signals and if there is no trend just do nothing. You should avoid trading completely. If you want to trade the choppy market you should be an experienced trader. If you are a naïve trader you should avoid trading choppy markets because the market condition is not stable. If you consider the Singaporean traders they are successful in Forex trading Singapore. It is best to understand the market before you even trade the market. You should not create the scene instead you should find whether there is a proper signal to trade the market. You should be prepared mentally When you are trading the market you should know whether you are capable of bearing the risk. You should be prepared mentally to accept the risks. You should not risk more than the purse limit so keep in mind if you risk more than that it will be difficult for you to bear mentally as well as financially. Every successful trader would have faced the risks more than he or she can afford but you should not continue to bear more than the affordable range. You should not be greedy because it will cause you to lose a lot in trading. You should calculate the amount which you will be able to bear and you should decide the amount to risk per trade. There are many traders who do not even understand the basic market concept so you should be glad if you can understand the basic. When you understand the basic you will be able to become successful in the long-run. Maintain a trading mindset With the neutral mindset, you will be able to succeed in the long-run of your trading career. You should not become addicted to any trade. If you cannot profit from the trade you should accept it. You should never feel bad for losing a trade because it is the nature of the market. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 16, 2018 Share Posted January 16, 2018 One thing to remember is that the market does not run based on what you think. The market runs on collective emotions of traders around the world and in the market there are various types of participants. So whichever side is more powerful at given period of time takes price in their favor. Quote Link to comment Share on other sites More sharing options...
Ariel Dala Posted October 24, 2018 Share Posted October 24, 2018 I don’t have to do anything extra-ordinary, as I always work with proper plans and right money management, it is something that’s ENOUGH to bring me the kind of rewards I desire for. The BEST part is that I get extra privilege from my broker FreshForex. And that’s to do with their magnificent offering of Cashback, where one is able to get up to $20 per lot size trade, so that’s spectacular stuff and makes trading a lot safer for me! Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted November 7, 2018 Share Posted November 7, 2018 If a trader gets what he desired for then it is a nice accomplishment in my opinion. My desire is set a bit high and achieving that is not going easy. lol So I am still a struggler. Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted August 9, 2019 Share Posted August 9, 2019 Just by using common sense and tight money management way. If we manage to do that successfully, it will really help us right. I find it all super simple with FreshForex broker and with their smooth trading platform. One can smoothly work here using low spreads, high leverages, no issues over slippage or re quote and have got stuff like rebate program as well, this is just all very ideal. Quote Link to comment Share on other sites More sharing options...
Erienner Posted May 29, 2020 Share Posted May 29, 2020 whoever says anything, but there’s no way to get rid of the risks, they are present in any business, especially in trading Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 4, 2020 Share Posted June 4, 2020 It is impossible to completely protect yourself from risks, in fact. Partly yes, you can be prepared for some changes and have an action plan. Quote Link to comment Share on other sites More sharing options...
Pyridge Posted June 12, 2020 Share Posted June 12, 2020 risks in this matter have always been, are and will be, even experienced traders are always at risk, this is the opinion Quote Link to comment Share on other sites More sharing options...
Erienner Posted June 28, 2020 Share Posted June 28, 2020 No way, this is impossible, in any business there are risks, and there are a lot of them in trading, so you need to put up with this Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted July 20, 2020 Share Posted July 20, 2020 alas, this cannot be avoided, the risks will all be in such work Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted July 28, 2020 Share Posted July 28, 2020 As for me, the most important thing is to work with a reliable broker! For me, for example, this is Expertoption, I have not met any risks with payments! Everything is safe! Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted August 20, 2020 Share Posted August 20, 2020 There are always risks, and there will always be, there is no way to get rid of this, only a reliable broker can save you in this situation, for me this is Expertoption, I have not met such good conditions on the market for a long time Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted September 1, 2020 Share Posted September 1, 2020 no way, in such a case there have always been and will be risks; if it was differently, everyone would have earned without any losses Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 2, 2020 Share Posted October 2, 2020 In fact, you cannot protect yourself from market risks. The maximum that can be done is to reduce their influence on yourself, but even this is far from easy. Quote Link to comment Share on other sites More sharing options...
Erienner Posted October 21, 2020 Share Posted October 21, 2020 the only option for such protection is to be prepared for any risk in forex, and there are many of them Quote Link to comment Share on other sites More sharing options...
gds221 Posted November 19, 2020 Share Posted November 19, 2020 As for me, the risks in the process of work are simply inevitable. It is simply impossible to build work without risks, this is a completely normal phenomenon. Quote Link to comment Share on other sites More sharing options...
Pyridge Posted January 5, 2021 Share Posted January 5, 2021 you need to keep up with the times and follow the market to stay afloat Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted January 8, 2021 Share Posted January 8, 2021 it will not work in any way, except for the option of working with a reliable broker, you will still have a lot of risks in your work that you cannot get rid of Quote Link to comment Share on other sites More sharing options...
Erienner Posted January 18, 2021 Share Posted January 18, 2021 even if you work with a reliable and high-quality broker, then this does not give any guarantee, all the same, the risks and the market constantly keep pace Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted February 6, 2021 Share Posted February 6, 2021 as an option, in order to reduce the risk of work, it is worth working with a reliable broker that will not only bring you problems, for me such a broker is Expertoption, I think it is his best option for work Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted February 27, 2021 Share Posted February 27, 2021 risks in such an occupation as forex have been and will always be, so there is no way to get rid of Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 9, 2021 Share Posted May 9, 2021 as an option, it is to work only with a reliable broker who will not bother you, for me this option has long been Amarkets, I have no complaints about my work in two years! Quote Link to comment Share on other sites More sharing options...
bearhugs Posted May 22, 2021 Share Posted May 22, 2021 Ten Tips for Forex Risk Management 1) Educate Yourself About Forex Risk and Trading 2) Use a Stop Loss 3) Use a Take Profit to Secure Your Profits 4) Do Not Risk More Than You Can Afford to Lose 5) Limit Your Use of Leverage 6) Have Realistic Profit Expectations 7) Have a Forex Trading Plan 😎 Prepare For the Worst 9) Control Your Emotions 10) Diversify Your Forex Portfolio Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 30, 2021 Share Posted May 30, 2021 The risks in such a case have always been and will be, they can only be reduced, for example, working with a reliable and high-quality broker, for me this option has long been Amarkets, an excellent platform! Quote Link to comment Share on other sites More sharing options...
Vaabum Posted May 21, 2022 Share Posted May 21, 2022 Risks are pretty standard - losses. You really need to be prepared for this. Quote Link to comment Share on other sites More sharing options...
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