Reduce your trading risk! | Forex Factory

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Reduce your trading risk!

  • #1
  • First Post: Oct 16, 2016 5:24am Oct 16, 2016 5:24am
The university research into reducing the risk and increasing the profitabilty of Retail FX traders is coming to an end, many thanks for all those who have participated. One last request please is for feedback on anyone who has used the NTU Trade Monitor EA (available for free here http://www.retailfxtrader.com/ea.html ). Feeback via http://www.retailfxtrader.com/feedback.html

Over the course of the research we believe we have been able to answer the question of 'how many traders are profitable' - to show that currency pairs do exhibit repeating, non-random behaviors and identify the key risks to retail FX traders (and produces the free EA above to help traders address these). All of this information is available at http://www.retailfxtrader.com/papers.html

Many thanks again (and please help us with feedback on the EA via http://www.retailfxtrader.com/feedback.html
Chris
  • #2
  • Oct 18, 2016 8:53pm Oct 18, 2016 8:53pm
It is an excellent work that they did.
I deeply appreciate the publication of the results of their research.
  • #3
  • Oct 18, 2016 9:03pm Oct 18, 2016 9:03pm
Thanks for sharing k6chris.
  • #4
  • Oct 19, 2016 6:58pm Oct 19, 2016 6:58pm
Very well done!
  • #5
  • Oct 20, 2016 12:39am Oct 20, 2016 12:39am
Yeah...! That's quite a nice article you have shared it here, it would be very much helpful for the beginners, and expert traders.
  • #6
  • Oct 20, 2016 12:07pm Oct 20, 2016 12:07pm
Quoting k6chris
The university research into reducing the risk and increasing the profitabilty of Retail FX traders is coming to an end, many thanks for all those who have participated. One last request please is for feedback on anyone who has used the NTU Trade Monitor EA (available for free here http://www.retailfxtrader.com/ea.html ). Feeback via http://www.retailfxtrader.com/feedback.html Over the course of the research we believe we have been able to answer the question of 'how many traders are profitable' - to show that currency pairs...
Congratulations on a job well done Christopher !
Shame the sample size on the survey results was low-ish, but then again, you can't force traders to participate !!!

All the best,
LuXing
Wisdom begins in wonder
  • #7
  • Oct 24, 2016 1:00am Oct 24, 2016 1:00am
Risk cannot be eliminated in Forex Trading, but it could be reduced to a certain levels. You need to learn risk management for that and the above article would be useful too.
  • #8
  • Oct 24, 2016 8:50am Oct 24, 2016 8:50am
When it comes to risk management, two methods comes to my mind. First, do not be greedy to the point of investing what you cannot afford to lose. Second, learn to cut your losses short. My advice is finally, Learn to take losses. Why? The simple reason is that, You’re never going to be right nine times out of ten. So if you personalize losses, you can’t trade Forex.
  • #9
  • Oct 25, 2016 7:56pm Oct 25, 2016 7:56pm
Thanks for the share interesting read. I personally when i first started trading i never did any risk management.... maybe that's why my accounts were so bad i recently started again so I'm going to be taking a look into risk management and this helped thanks!
  • #10
  • Oct 26, 2016 1:13am Oct 26, 2016 1:13am
Quoting k6chris
The university research into reducing the risk and increasing the profitabilty of Retail FX traders is coming to an end, many thanks for all those who have participated. One last request please is for feedback on anyone who has used the NTU Trade Monitor EA (available for free here http://www.retailfxtrader.com/ea.html ). Feeback via http://www.retailfxtrader.com/feedback.html Over the course of the research we believe we have been able to answer the question of 'how many traders are profitable' - to show that currency pairs...


Well! It’s really a valuable article. Risk management is one important aspect of trading. There are many ways to reduce risk and increase your profitability in trading and this article will certainly help us to frame a proper risk management strategy.
  • #11
  • Nov 10, 2016 2:56am Nov 10, 2016 2:56am
It is usually best to for anyone who wants to succeed in Forex to use a practice account so as to to become adept at order entry techniques. So when venturing into a Live account, after a trader spends time with a practice account and has a trading plan in place, I would advise that he starts small. Unlike a practice account , a trader starts trading with real money that is at stake, and no amount of practice trading can exactly simulate real trading, and as such it is vital to start small when going live.
  • #12
  • Nov 10, 2016 8:00am Nov 10, 2016 8:00am
Quoting PeterFXlover
It is usually best to for anyone who wants to succeed in Forex to use a practice account so as to to become adept at order entry techniques. So when venturing into a Live account, after a trader spends time with a practice account and has a trading plan in place, I would advise that he starts small. Unlike a practice account , a trader starts trading with real money that is at stake, and no amount of practice trading can exactly simulate real trading, and as such it is vital to start small when going live.
Accounts exercise is good for us as a medium to improve trading skills that we have. By using a practice account we can do many things to improve trading skills we have, for example, we can train market analysis and using the tools available on the MT4 so that we know the functions of these tools.
  • #13
  • Nov 10, 2016 9:53pm Nov 10, 2016 9:53pm
Risk is part of every business. And in forex, risk is always on his high. Managing risk is the most difficult task i found in trading with my money. But minimizing risk is always not possible as we are in risky market.
  • #14
  • Last Post: Nov 11, 2016 5:41am Nov 11, 2016 5:41am
Quoting Butterscotch
Risk is part of every business. And in forex, risk is always on his high. Managing risk is the most difficult task i found in trading with my money. But minimizing risk is always not possible as we are in risky market.
We can do need to minimize the loss in foreign exchange, with a small capital and always use the SL then loss can be minimized by good. That way we will succeed in this business. loss can not be separated from the forex, so it is necessary for us to always use SL when trading
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