Risk in Forex
Wow
This one is a difficult call, but no. I dont think any of these three aspects is the most important aspect of trading.
Risk management, how you manage your risk on each trade. This will certainly help you reduce your losses, but in no way will help you be more consistent.
Trade management, again, it helps you increase the profitability of your trade, but in no way helps you trade with consistent results.
And finally, capital management, which helps you increase your profitability (when things are going well) and limit your losses (when things dont go well).
But none of these techniques help you to be consistent.
Dont get me wrong here, risk, trade and capital management are important. You need all of them to increase your profitability, but most of the time these techniques help you get better results when you are already consistent.
Makes sense?
Ok now, this is what I think is the most important aspect:
Wow
This one is a difficult call, but no. I dont think any of these three aspects is the most important aspect of trading.
Risk management, how you manage your risk on each trade. This will certainly help you reduce your losses, but in no way will help you be more consistent.
Trade management, again, it helps you increase the profitability of your trade, but in no way helps you trade with consistent results.
And finally, capital management, which helps you increase your profitability (when things are going well) and limit your losses (when things dont go well).
But none of these techniques help you to be consistent.
Dont get me wrong here, risk, trade and capital management are important. You need all of them to increase your profitability, but most of the time these techniques help you get better results when you are already consistent.
Makes sense?
Ok now, this is what I think is the most important aspect:
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