Forex Risk Management Strategy & Techniques
To be successful with Forex in the long run, you absolutely and undeniably need to have a good risk management strategy. Before we get into specifics with this video, let’s go ahead and state the most obvious technique for good risk management. The most obvious technique is not to risk too much capital per trade. Don’t gamble all or a large percentage of your account balance on any one trade. You can definitely consider this Rule #1: Don’t blow out your account by risking too much money per trade. As obvious as this may seem, many newbies to Forex lose their entire account balance by risking too much and not having a good strategy. In this video, we discuss a safer approach and a more aggressive approach as far as Risk Management is concerned. We also provide you with our 4 Step Strategy which will help you minimize your losses and maximize your wins.