Calculated Risks.(Forex Traders).

Taking calculated risks is basically the supervision and management system towards risk.

This is something isn’t just done base on your financial stability alone but outside finance, there are different aspect involving risk that could be taken. Like the scientific and technological inventions demanding high risk task but needs to be dome for a major breakthrough. So you see there are different forms regarding risk not just finance.

Basically I would state my personal journey regarding calculated risk as a trader, but as a physical trader and a digital trader also called the "foreign exchange" traders.

This is a tech skill that I also a profession on it's own base on experience and study. My few years in forex trading has taught me a lot, when I mean a lot I mean it would definitely shape your ideology, psychology and character.
If you are a reckless trader of gambler I don't think trading the financial market is a good idea for real. A market that is built to trap out impatience mindset, greedy personnel and the get rich quick mentality.

Been a trader you must make risk your wife, but not just risk but a drafted pattern of risk per trade (a proper management pattern must be followed no matter the outcome) either positive or negative, I made sure to stick to my plan and schedule.

Before a trade is been initiated on action (buy or sell) I have known the exact amount I am risking for this trade base on price action and the concept of supply and demand on economic balance scale. What I mean is before you trade blindly or put your risk in check there must be an alignments base on the over all trend so I won't continually get burnt even with the calculated risk in check. I always remember that the trend is my friend.

Every risk must never be an "all in" approach, that is why it is called a risk, a thing of uncertainty so you release what only you can withstand if eventually it went south.

So what ever I risk must be three or four times my reward target if positive, because I know for sure there would be times of challenges and drawdown but a disciplined trader who don't fluctuate risk to rewards always stays ahead and with an edge over other traders in the financial market.

Every crpto and forex trader can fully attest to this "calculated risk pattern" it is just a must shield in war despite the availability of the sword (strategy) that protection is very important (protection: I mean protecting the capital).

When the risk isn't worth calculative it is not worth trading it, it os as simple as that.

A physical trader buys goods when it is cheap and sell when it is expensive for profitability, in other words, when the demand is high you sell just like that the principle pattern is drafted.

I once made a funny mistake on taking a buy position on a premium zone where the sellers were still carrying out sells activity, I should have waited for the discount zone by then all sellers would have exhaust and make the currency cheaper to buy. Well I learnt the hard way though but truly experience is the best teacher.

Thank you for reading through my write up.
Images are mine.