Risk Management in Forex.. Something that Traders dont pay attention

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Dear Traders, 

 

I have realized that  many traders do not pay attention to risk management. There are many risk management strategies that are effective. I would like to know what kind of risk management strategies you traders use? Lets help each other to think of the best risk management strategy, especially for stoploss and takeprofit strategies..

 

$1000 USD for every 0.01 lot.

 

How many percentage of margin used would you risk?
 
Arda Kaya:

Dear Traders, 

 

I have realized that  many traders do not pay attention to risk management. There are many risk management strategies that are effective. I would like to know what kind of risk management strategies you traders use? Lets help each other to think of the best risk management strategy, especially for stoploss and takeprofit strategies..

depend on your range if account less than 10% , close trade

 

Interesting topics.

Where can I get the comprehensive information about this topics?

 

This is very important to check risk reward ratio and percentage amount of risked capital before open every single trade.

It depends on our trading style. If we are setting SL & TP then it is good to keep risk reward ratio at least 1:2 (risk:reward) and don't risk more than 2% of capital.

 

Ask yourselves this question. 

IF:

Most retail traders use a stop loss and;

Most retail traders use a set Risk/Reward ratio and;

Most retail traders only risk x% of capital per trade 

AND

Most retail traders fail..... 

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