Money and risk management
The Pip Shadow Rules | Rule #1 ⚜️.🔻 The first and most important rule in the market: Capital preservation matters more than profit!
In the forex market, survival is key. As long as you stay in the game, there will always be opportunities to recover and grow. But if a single reckless move wipes out your entire capital, you’re out—permanently.
Before entering any trade, always assess the risk first—then think about the potential profit!4o
A few things to consider1) Risk per Trade: 1 or 2% max?2) SL placement: Look for high/low points and use ATR as a gauge 3) Never load up or DCA senselesslyWith proper focus, one is able to make very decent money over time.
The Pip Shadow Rules | Rule #2 ⚜️🔻 Never risk your entire capital on a single trade.
Always allocate only a fixed percentage of your funds to each position. That way, if the market moves against you, you won't lose everything.
Professional traders follow a plan — they don’t rely on luck.
blufxnet posted:A few things to consider1) Risk per Trade: 1 or 2% max?2) SL placement: Look for high/low points and use ATR as a gauge 3) Never load up or DCA senselesslyWith proper focus, one is able to make very decent money over time.
Exactly, Very nice.
