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Risk management in forex is the most important part of being a professional day trader. To become a successful and profitable forex trader, you must trade with proper risk management! Here’s the ULTIMATE Guide to using Risk Management to become a PRO TRADER!
Timestamps (DO NOT skip around and take shortcuts, if not you will pay the price to the markets):
0:00 Why Risk Management is IMPORTANT when Trading
0:37 1. Risk Capital (How much money to trade with?)
5:49 2. Risk per Trade (How much % to risk on each trade?)
8:48 3. Position Sizing (What lot size to use?)
13:35 4. Risk to Reward Ratio (SECRET to profitability)
18:00 5. Maximum Exposure (drawdown)
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#TheTradingGeek #ForexTrading #RiskManagement