Community post
Forex Risk Management Tip
“Don’t focus on making money; focus on protecting what you have.” – Paul Tudor Jones
This quote is sth that I personally have experienced it in the Forex market.
Doesn’t matter with how much money you’re going to start your Forex business journey. 1000000. The main thing you need to be careful abt in this market is Risk Management. 📉📈
If you lose all ur money in one or so trades, that is called gambling not trading! and with no money there won't be any trading! it will give you a headache . I'm sure you don't wanna feel that pain!
Base on what I leant so far in this market, the best percentage for controlling your investment risk management is between 3% to max 5% of your total balance.
Replies (2)
Do you suggest that the other 90-95% should be in cash? Or just in safer bonds?
well, personally, I'm more comfortable to work with cash.