Crucial for your success in forex trading, risk management can be made possible byways of diversification, understanding your odds, and calculating risk in each transaction. Here is the complete explanation.
Risk management during the trade can be applied by using risk/reward ratio. Drawdown and losing streak are the two things that you should keep an eye on if you want to last long as a forex trader.
Apart from trading strategy, trading size is also highly important because it directly impacts the risk of a trade. So, how do we determine the right trading size?
Still finding money management is a hassle? Here you can learn how to implement and optimize money management in an easy way, and why completely abandoning the strategy is a big NO.
Tight stop loss is often seen as a bad strategy due to its high risk, but there are always two sides of a coin. Learn about the advantages of trading with tight stop loss in this article.