Jeremy_trader
Recruit
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I am using stop loss and take profit levels. I think it best way to control risks in trading. How do you think about this?
I think 1-2 is not enough for stop loss and take profitStop loss and take profit - both are really good tools that help to manage risks. However, you need to set the risk limit, for me it's equal to 1-2% of the deposit sum.
I fully agree with you. If you don't have too much money on your account, the best option for you is risk control. It's even safer than any stoploss!My plan is not to keep a lot of money in a trading account. I can't lose more than I have in a trading account. And that's risk management.