If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20Still not clear what you mean. Can you cite an example of something more advanced than risk per trade "rule"?
It is pretty simple inflexible and dumb rule you said you have got something more advanced. Please share.If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20
I think you can calculate position size to adjust with stop loss distance
This is very good risk management and it will take pressure off your trading but sometimes you have to increase the risk in case of a 100% confirm trade to make more out of it.If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20
I think you can calculate position size to adjust with stop loss distance
Many of the novice traders start the market as soon as they have studied it superficially. However, you need to deal with many details and practice well on a demo, it will definitely help to get to the plus side.