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. $100 or $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.
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.