
- Nick
Trading Forex with Low Risk
Greed
In my first years, I've been chasing my dreams of becoming so profitable that I can quit my job and just do what I want. As I didn’t know anything about trading I searched for an MQL5 signal strategy and paid a monthly fee to copy the trades. It lasted about 3 weeks until it was completely burned. I was sure it's just bad luck and I've got to try again. But this time I put more money in: this time it took only 1 week to lose all my capital.
There are a lot of people gaining 50-100 percent a month with high-risk trading and sooner or later all of them will burn their account and lose all of their profits. And also their capital invested.
Be realistic with your goals
Most people would like to be millionaires from their $100 in weeks. What I've learned is that you have to be realistic with your goals.
Traders need a significant learning time to be more realistic with Forex and the profit it can generate for them. After a series of failures, you'll think about what you can do differently to be successful. I realized I had to lower my target and think about the long-term profitability and security of my capital. Now I've got goals not for weeks or months, but for a whole year.
Don’t fall into the trap
There are various sites that allow copying professional traders: MQL5, Signal Start, etc. They are very common in one thing: all of their users are searching for the best gaining signals. They don't care about either the risk involved or the trading strategy used, they just want to put in all their money and wait for the jackpot. Unfortunately, the truth is that you will soon become more and more greedy. You're going to increase your risk and put more money in. As you lose more and more you feel like you can’t escape from this “game”.
Limit the risk
There is no business that doesn’t have a risk. If you decide to start your company there is also the possibility that you could lose money. But if you do the work before starting your business and make the right decisions you can decrease the chance of this failure. Trading Forex is similar. You have to do your research before trading otherwise you are just risking your money.
Our risk philosophy
We believe in long term trading only. We are not offering any trading system which will give you incredible return in just a couple of weeks. We started our trading system in February 2018. Since then, we have constantly gained around 4-5% monthly with a maximum of 15% drawdown. The system’s return is above 150% so far. For us, the main goal is the protection of the capital. We will avoid any situation that comes with a possible risk.
