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What's a good forex trading course for risk ...

What's a good forex trading course for risk management?


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You should check out Forex Time Machine... Excellent Risk Management.

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Hey there,

There is always a momentous risk in any Forex or currency deal, and thats the shortcomings of being a Forex Broker. At Finexo.com, our expertise and tools link to the world’s Forex trading floors, getting you the lowest foreign currency rates with the prospects of making a transaction. 

The formula to success in forex trading is to do the following:

Using Simple Method + With Discipline + Control Risks = Forex Trading Success

Keep these simple tips in your mind you could make some big profits on forex trading.

 

 
2 helpful answers

Day Trader--TradeStation

Take it from a daytrader since 1993...Start with one.  Build your skills.  Use the other guys money to play with, not yours.  When you have enough for 3, then go to 2 or pay yourself 1 and play the other.  But, always build up and pay yourself slow.  Never play "all in" and remember, staying in the game is more important than making "alot of money".  Don't get knocked out of the game.  Use a precalculated stop with a profit target.  If you are using Tradestation, I have easy language available for catching the pivots and let the computer take off your profits in several markets at once.  cattlerustlersmeat@hotmail.com

 

Posted 2009-09-14T04:49:33Z
Rustlers was invited by Yedda to answer this question.

 
6 helpful answers

Free Forex Guide

Free Forex Reviews

 

Understand that there is risk involved with trading. While forex trading offers the chance to make money online, there is always risk involved. Manage your trades and control your emotions while trading. By doing this you control the amount of risk you expose yourself to and increase your chances of entering into profitable trades.

Get some forex education. Even if you have traded other markets before, consider getting some education on the forex market. There are a wide variety of currency pairs available and each one has its own personality which may affect the style or methods of trading that work best with it.

Trading forex can be a very exciting and rewarding venture. Always do your homework when it comes to picking a reliable broker and only open accounts with brokers once you have thoroughly checked them out. To gain an edge, get some forex trading education and remember to never risk too much on each trade and always control your risk.

 
2 helpful answers

To add to the above, there is always risk involved with any kind of trading. The key is having a trade plan, a reliable system, a reliable trading method, and having the discipline to stick with it. 

What has helped me is having a trade coach.  It's helped me be accountable for sticking with my plan even through a series of losing trades.  I use the Ultimate Swing Trader system . Not only is it proving to be a reliable system, but it also has ongoing trade support from dedicated coaches.

Posted 2009-09-14T16:01:57Z
SuzEQ was invited by Yedda to answer this question.

 

many sites such as etrade and tradeking have good overviews for this...

 

Risk is not the issue, the problem is risk management

 

I had a similar problem not too long ago. Good luck with solving this issue. Sorry that i can't help you any more. I am most sympathetic to you...

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