Alan SolarshOwner of forexrobots.co.za Making your trading experience more profitable and exciting.

This risk management secret is a MUST-know if you want to have a prosperous forex trading future 💰🚀

Name: This risk management secret is a MUST-know if you want to have a prosperous forex trading future 💰🚀
Uploaded: 2024-03-22T15:07:34+00:00
Duration: 26 s
Channel: Alan Solarsh
Description: Short conversational excerpt from a YouTube video by Alan Solarsh about forex risk management. The speakers emphasize that risk is subjective ("risk is…

22 Mar 2024 · 0 min

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Short conversational excerpt from a YouTube video by Alan Solarsh about forex risk management. The speakers emphasize that risk is subjective ("risk is in the eye of the beholder") and give a concrete recommendation to start trading with a very small lot size (0.01) so novices can understand a trade's repercussions; one example contrasts 0.4 lots as high risk for one trader but low risk for another with the same account size.

Risk is in the eye of the beholder. A 0.4 lot size for me may be high risk and a point four lot size for a different person with the same account size as me could be seen as low risk. So I always tell my traders to always start on a lot size of 0.01. Especially as.
A novice, you need to understand what.
That trade.
Is and what.
The repercussions.
Of that trade.
Is on your.
On your account.