Risk management

[Nicholasbrownie]

Could you guys tell me the risk management strategies that you have personally used and enjoyed over long time?

 

[Pharaoh]

Pretend every trade will smash into stoploss and get at least 5 pips slippage. Decide how many such trades you want to be ready to survive.

And there's a lot more on the subject here:

How to Manage Risk While Trading Forex

I hope you like it.

 

[Nicholasbrownie]

Pretend every trade will smash into stoploss and get at least 5 pips slippage. Decide how many such trades you want to be ready to survive.

And there's a lot more on the subject here:

How to Manage Risk While Trading Forex

I hope you like it.

Thank you so much your honor

 

[Benjihenco8219]

Always try and assume the worst-case scenario and see if you can survive that. Also, never spend the entirety of your resources on a single asset; go around, learn more, read more, and familiarize yourself with more assets. That will open up a lot more avenues to profit for you. This way your chances of ending up with some profitable trades will increase indefinitely.

 

[Ethan.ishere]

One of the best things you can do is diversify, go around, learn about multiple pairs and assets, and invest in a bunch of them. Don't go around investing all you have or most of what you have in just one or two pairs; this way, at least some profit is guaranteed. It has been very useful to me.

 

[VasilTodorov]

the simplest way is to just invest as much as you can afford to lose
so invest 1.5% in each trade, that might be the first step for you, of course there are different approaches can be used here
but it is the first step to add the discipline and risk management to your trading