Browsing Tag

risk management

The most common risk fallacy

There is a very common mistake that people and traders make when they are considering the likelihood of something happening: they think risk carries over each time they take a risk. Let's use coins as an example, but you'll see how this…

Rebuilding Your Confidence After a Loss

According to the results of a study conducted on over 43 million trades worldwide from Q2 2014 through to Q1 2015, across the 15 most popular currency pairs; more than 50% of traders made money most of the time and closed out at a gain.…

Do I Need Stop Loss and Take Profit?

Foreign exchange trading volumes rose to a record high in the first three months of 2018, representing a rise of 28% in March 2018, compared to a year ago, according to data released by CLS and published by Reuters. The increase in the FX…

The Basics of Managing Risk

Forex traders can have the best systems in place, but still fail due to their lack of appropriately managing risk. Risk management can be said to be a combination of different ideas and strategies to control the risks of trading. Losses are…