How to Minimize Your Losses. For Real
Here’s the deal: risk management is probably the most important thing to master in trading. Yeah-yeah. It does sound boring, but think about it: how are you even going to make profit in a high-risk environment, when you don’t know how to secure what you have?If you are serious about trading and looking to get returns on your investments, having a proper risk-management strategy is a must. Agreed? Then let’s get you armed with a good strategy!The key principle of risk-management is making sensible investments. A popular guideline goes like this:“An investment should not exceed 5% of your current balance”If you have a balance of $100, a 5% limit means you can place as many as 30 orders, so even if some are unsuccessful, there’s still a great chance that the others ...