Hi, Folks.
I'd like to ask a simple question for those that are profitable in FX...do risk-reward techniques really work or not ?
I mean, I tried various techniques but couldn't find any success rate at all...because everything I tried, a new issue raised: if you put, for example, a 1:3 risk-reward (say SL 30 pips and TP 90 pips), the chances of being stopped out are high (the SL is very tight); On the other hand, if you put 1:5 (SL 50 pips and TP 250 pips), the TP will hardly be achieved...so, the conclusion is obvious: these techniques doesn't work or there's something else besides that to complement it in order to make it work...
What do you think ? Anyone successful with these techniques ?
Regards,
MrJinks.
I'd like to ask a simple question for those that are profitable in FX...do risk-reward techniques really work or not ?
I mean, I tried various techniques but couldn't find any success rate at all...because everything I tried, a new issue raised: if you put, for example, a 1:3 risk-reward (say SL 30 pips and TP 90 pips), the chances of being stopped out are high (the SL is very tight); On the other hand, if you put 1:5 (SL 50 pips and TP 250 pips), the TP will hardly be achieved...so, the conclusion is obvious: these techniques doesn't work or there's something else besides that to complement it in order to make it work...
What do you think ? Anyone successful with these techniques ?
Regards,
MrJinks.