NicholasM
Corporal
- Messages
- 100
First:
Successful traders never put your eggs in one basket however promising it might look; ignore this, and you could be out of the game before you know it. Sometimes optimism fails us, we feel that we have a strong conviction about a particular trade and then put too much towards that trade well above our risk threshold (i.e 1%, 2%, 3%, 4%, 5% etc).
when you set up your risk per trade threshold, it is imperative that you follow your rules of engagement in the Forex market. Stepping outside of any of them could be the beginning of your downfall.
Successful traders never put your eggs in one basket however promising it might look; ignore this, and you could be out of the game before you know it. Sometimes optimism fails us, we feel that we have a strong conviction about a particular trade and then put too much towards that trade well above our risk threshold (i.e 1%, 2%, 3%, 4%, 5% etc).
when you set up your risk per trade threshold, it is imperative that you follow your rules of engagement in the Forex market. Stepping outside of any of them could be the beginning of your downfall.