Agree with naninov we must try, test and check the strategy which we are already using and if we feel that it is no more beneficial or doesn't suits the condition then we should not go for it.
Risk management is very important in forex trading as it is very risky. we should always try to lower down our risk as we can't be free from risk wholly but yes we can definitely try to minimize it.
Completely agree with this thread, Forex is not easy especially for beginners but not that much though also that we can't earn.. through proper education, careful analysis one can easily get benefited.
Risk is associated to every business but what important is that how you manage your risk.how well you are using resources, what ratio you have set regarding gain/loss. These things matters in forex also.
Seriously.... never invest your whole money in forex trading, its dangerous because ones you lose you may not recover and if then it takes a long time...
Truly said...forex trading doesn't restricted with one or two pair of currencies but many...we can also have trading on metals, commodities( hard commodities, soft commodities, energy n agriculture commodities).
Yes definitely it is not easy but i would say its not that much tough also that one can't learn and get profit...being self motivated and eager to always learn leads to success in forex.
risk management is very important in forex trading. We should try to lower down our risk,after all our ultimate aim is higher profit with minimum risk.
Yes off course no buddy learn automatically, every one have to start some where and practice more after spending long time in forex they become expert adviser.