Forex Trading Why you DON'T NEED a reward risk ratio of 3 to 1

It seems there's a lot of confusion around this, especially from beginners, who think that the only way to create a consistent, predictable income stream trading Forex is by trading with a reward to risk ratio of 3:1

Comments

1. I think this video made a lot of sense. In contrary, the negative comments below don't.
2. He is incorrect. You need a minimum of 3 parts reward for 1 part risk. Your loss stop must allow for 24 hours of noise and random drift while waiting for volatility to pick up. Therefore day trading or intraday trading is a waste of time.
3. Past performance is not indicative of future results so, technicals are worthless. Market reaction to news is unpredictable too! So... are we all fucked? NO.. why? Because of high RRR. Put that damn thing up or down it doesnt matter, put your ass half way out of the window and fart, if the wind blows it to your face, thats your trend. Now make sure you put a high RRR and youre fine. Do that for a long enough period of time and you gonna be a very rich person.
4. F YOU LIKE TO TRADE WITH THE BEST BROKER AND THE BEST TRADING CONDITIONS
   WITH FAST DEPOSIT & WITHDRAWAL JUST FOLLOW THIS LINK https://www.exness.com/a/s7mko3ba
5. Where did you get the typical winning percentage from? What if my system uses a 3-1 RR, but my winning percentage is 90%?
6. sir I know you are old but seriously u have to review what u just said
7. too many bullshit ! even on begining of the video he mislead by saying "Typical Wining % of each of RR"
   the real issue here is you needed atleast 33% of the wining trades using the 3:1 RR to be in profit !
8. so your trading skills change from 33% to 66% because of the risk ratio?? haha i hope your not managing a hedge fund!!
9. This old fart lives in la-la-land.. he talks about RR in percentage and yet refers to profit in dollars... compare apples to apple old fart! Sound to me you have never heard of Martingale?
10. if one doesn't take some profits (20 to 30 pips) when one see them, the market will take them back from the trader most of the time and punish one with red figures. You can't trade properly with a tight stop loss of 10 to 15 pips, which effectively destroy the r/r theory. And getting strings of losses is not uncommon if one sticks only to high r/r.
11. If you have been ripped off, scammed or let down in Binary Options before then you need to watch this explosive video. GINO TRADING SYSTEMS
12. Been trading for a long time. The video makes sense. When I read a lot of the comments posted it isn't hard to understand why 95% of traders lose money.
13. don't take this video seriously. how in the world he get "typical winning &" from? RRR should obtain from analysing setup; entry, stop & target. Not the other way around
14. simple math !
15. For the first two scenarios you make two trades and then on your 1/1 scenario you make 3 trades and claim it to be 1/2. Lolwtf?
16. Good vid about 1:1 ratio. No wonder why so many people dislike it and keep losing with 3:1 or 2:1(good thing). What they don't understand is with 1:1 your chance of winning is 50%, with 3:1 you reduce it to 33% no matter how good your entries are. It's because of the random side of the price action.
17. So shit
18. God this is painful to watch. Of course there will be some hillbilly conspiracy theorist who dares to question the risk reward ratio system. Where the fuck did you come up with the idea that if I have a R/R 1:3, I will be 33% correct? That's the break even zone you old fart. I might be 50 or 60% correct with 1:3 R/R. Or even more. Now..this is what you should do: 1. Forget everything that this redneck cotton eye joe who has an IQ of a potato said. 2. You don't put your stop and take profit randomly out of blue to meet the 1:2 or 1:3 risk reward ratio. You find a potential high probability set up that already offers this kind of risk reward. That's it. For example, we have an uptrend and we want to sell because we have strong resistance, with divergence and a pinbar on daily chart. You set your stop loss a little higher than pinbar's wick and place take profit around .0382 fibo level which often times price reaches. When you almost reach that level, put your stop very close. If your stop gets hit, you'll probably exit with at least 3 times profit compared to your initial stop. If it doesn't get hit, that's fantastic, stay in a trade till 0.5 fibo level and so on.
19. He's right...profitability relies on appt...
20. Bullshit :) Why to risk 100 bucks to gain 100? Why not risking 20 to make 100? The higher RR the better. Off course the entry must be very well executed