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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.
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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.
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WikiFX Elite Club Spotlight | Lê Minh Phươn on Trust as the Invisible Bridge
WikiFX Elite Club Focus is a monthly publication created exclusively for members of the WikiFX Elite Club. It spotlights the individuals, ideas, and actions that are genuinely driving the forex industry toward greater transparency, professionalism, and long-term sustainability.
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Galileo FX Exposure: Allegations of Fund Losses Due to Trading Bot-related Issues
Switched to Galileo FX from other brokers, thinking that you would earn profits, but things went the other way round? Did you continue to face losses despite executing constant optimizations on the trading software? Like did you experience issues concerning executing stop-loss orders? Failed to cash in on the positive market wave because of the broker’s trading bot? You are not alone! Many complaints concerning losses due to trading bot deficiencies have been doing the rounds. In this Galileo FX review article, we have demonstrated these complaints. Take a look!
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EGM Securities Review: Investigating Multiple Withdrawal-related Complaints
EGM Securities has been reported as a scam by many forex traders, as they encountered several problems concerning fund withdrawals. The broker is alleged to have defrauded traders by applying unnecessary restrictions on withdrawals. Also known as FXPesa, the broker seems to have caught traders’ attention, mostly for negative reasons, though. In this EGM Securities review article, we have discussed withdrawal-related complaints made against the broker online. Keep reading!
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