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How to apply risk management in Forex

Discussion in 'Forex' started by moneybaggy, May 29, 2019.

  1. moneybaggy

    moneybaggy Registered

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    One of the aspects that new traders seem to disregard the most is risk management, instead of managing their money wisely they put too much in and hope for that big payout. This is something that you should steer clear of as many traders have lost a lot of money this way. You should have a proper risk management strategy in place which we will detail below. Use a broker that guarantees stop loss execution without high slippage. Forexchief mt5 and mt4 servers are great in such situations.

    As a general guideline, you should risk no more than 2% of your capital per trade, so for an account with £500 capital you should not risk any more than £10 for your trade. Obviously after placing a trade you will either gain money or lose money, you should then adjust the risk value accordingly – stick to 2%.
     
  2. Diane Abbott

    Diane Abbott Registered

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    It all is possible through sensible approach and method. It is done all rather easily and smoothly for me via FreshForex broker, who are amazing having low spreads, high leverages, bonuses and much more. With their 101% Tradable Deposit Bonus, it’s so much simpler to do right risk management.
     
  3. Viktory

    Viktory Registered

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    If you look on a bright side, one could actually risk more than 10% on certain trades. There are some signals that are 100% accurate on a short term trade. I can go all in for such signals.
     
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