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Basic Risk Management Strategy [RM]

Risk management is about protecting your capital so you can show up another day.

-Set a risk per trade: Risk only 1-2% of your account per trade. Example: $10,000 account = $100-$200 max loss per trade.

-Use stop-losses: Always set a stop-loss to cap losses. Place it based on technical levels (e.g., below support), not random numbers.

-Position sizing: Calculate your trade size based on your stop-loss distance. Example: For a 50-pip stop on EUR/USD, risking $100, trade 0.2 lots.

-Avoid overleveraging: High leverage (e.g., 100:1) can amplify losses. Stick to 10:1 or less in volatile markets like now (trade tensions spiking).

-Diversify trades: Don’t put all your capital into one asset. Spread risk across pairs or markets (e.g., forex, gold, indices).

-Monitor news: Sudden events can gap markets. Adjust risk or stay flat during high-impact news.

Stay safe out there 
XOXO