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Risk management tips

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Risk management tips

  1. 1. Risk Management Tips
  2. 2. Proper money management and risk management can be your secrets of success. After you have defined your goals and selected a strategy that suits your psychology, it’s time to think about risk management rules.
  3. 3. The more risk you take, the more money you lose.
  4. 4. True risk management is essential for saving and growing your capital. And there no empires built in a couple of days, no great capitals made by a couple of trades, no great financiers who have become professionals overnight. Here are some Forex trading tips on how to improve your risk management and achieve more profit.
  5. 5. The first and the most important trading tip. Losses measuring doesn’t mean getting rid of them at all, but you can lose less. Figure out where to set your stop loss orders, calculate it and think about whether it’s a comfortable level for you. Don’t fall into a trap of moving a stop loss farther or setting it too tightly. Control your losses
  6. 6. Of course, trading $10K with $300 on your depo and 1:200 leverage looks sweet. Different brokers can promise that you’ll double your funds in a couple of seconds. But in fact, it rarely works. Too big leverage can harm an account badly. Better start with small transactions or use lot calculators that will offer you not bad positions. Moreover, you won’t be strongly engaged in the process if you trade small orders. Use correct lot sizes
  7. 7. This point is similar to the previous one in some way. Don’t think that trading with a large leverage always leads to big profit. Surely, it’s a great instrument that may help enlarge your depo, but it’s tied to severe risk as well. The larger leverage you use, the more margin funds you can lose. Better trade with a moderate leverage. It’s a useful feature, but has to be used very carefully. Don’t overleverage
  8. 8. Here’s another handy Forex trading tip: don’t work with the same currencies. I mean if you go long on USD/CHF and short on EUR/USD with a lot on each pair, it will mean that you are buying 2 lots of USD. And if the US dollar falls, you’ll lose in both trades. Better choose some other currency, for example, GBP/EUR instead of EUR/USD. Track your overall exposure
  9. 9. Don’t try to catch the market and squeeze it to the last penny. If it was so simple, someone would do it already. No one gets rich overnight. So, don’t aim at 100 pips per day and stick to your trading system. Tame your greed
  10. 10. Getting out the market too early or too late is never good. You either lose potential profit or lose your margin. You can use indicators or Price Action patterns in the Forex trading to know that it’s time for exciting. So, after some practice, you’ll be able to distinguish such moments intuitively. Know when to stop trading
  11. 11. Keep educating yourself and try to be a better trader with every closed trade. You will learn how to “feel” the money management system. It won’t seem so difficult after you work with it for some time. Its rules will become essential and understandable. Always keep on learning
  12. 12. Any business needs a plan, calculations, and analysis. So does Forex. If you are on the way to understanding this fact, read our trading tips once more and make your own conclusions on how you will manage your risks.
  13. 13. Thank you for watching the presentation!

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