简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Define Your Risk Management System
Abstract：It's a great idea to define your risk management as soon as you start trading on a live account.
Defining your risk management system is one of the most crucial components of growing your account. Without effective risk management, there's a good possibility you'll lose more than you bargained for. Remember that risk is something over which you have complete control, so make sure you handle it well to limit your losses and enhance your earnings.
As soon as you begin trading on a live account, you should determine your risk management strategy. Most traders risk less than 2% of their account balance per deal. If you're just getting started, you might want to start with 1% or less and work your way up from there.
Join us tonight in our live session 6:00pm Philippine Time at WikiFX Facebook Page
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Why You Shouldn't Be Afraid to Trust Your Capital to Regulated Brokers
Discover why regulated brokers offer safety for your capital with oversight, security, and transparency, plus the risks of unregulated options. Invest with confidence.
PrimeXBT Expands with Stock CFDs for Major Global Companies
PrimeXBT introduces stock CFDs, allowing trading of major US stocks like Amazon, Tesla, and MicroStrategy with crypto or fiat margin options.
TRADE.com UK Sold to NAGA Group Amid 2024 Revenue Drop
TRADE.com UK sold to NAGA Group for £1.24M after a 65% revenue drop and £346K loss in 2024, marking NAGA's UK return.
Prop Trading Firms vs. CFD Brokers: Who’s Winning the Retail Trading Race?
In recent years, a new breed of retailer-focused trading firms has emerged: proprietary (prop) trading outfits that recruit individual traders to trade the firm’s capital under structured rules. Boasting low entry costs, clear risk parameters, and profit-sharing incentives, these prop firms are rapidly winning over retail traders, many of whom previously traded Contracts for Difference (CFDs) with established online brokers. As prop trading revenues accelerate, a key question arises: Are CFD brokers losing business to prop firms?
WikiFX Broker
Latest News
Germany’s April PMI Falls Below 50 as Service Sector Stumbles
WikiFXPayPal Opens Regional Hub in Dubai, Expands Middle East Reach
WikiFXFINRA fines SpeedRoute for alleged rule violations
WikiFXRM15,000 Profit Turned into RM1.1 Million Loss for Engineer!
WikiFXNew to FX Trading? Stop! Read These Warnings First
WikiFXProp Trading Firms vs. CFD Brokers: Who’s Winning the Retail Trading Race?
WikiFXTRADE.com UK Sold to NAGA Group Amid 2024 Revenue Drop
WikiFXWhy Binance Tightens Crypto Transfer Rules for South Africans？
WikiFXWorld Trading Tournament (WTT): The Game-Changer in Global Trading
WikiFXBaFin Flags 5 Unauthorised Financial Platforms for Consumer Risk
WikiFXCurrency Calculator
