Welcome to episode 23 of the Forex Answers podcast. If you are new to Forex trading, this is a great resource for you to start learning about Forex. Each episode is going to cover one brand new question. And our podcast is 7 days a week.
We just want to take this time to thank you all for helping this show take off. And hopefully we can provide you with valuable content in each and every episode.
In today's episode, I go through some risk education & observe why different people should risk different amounts. We also cover some key actions which may mean you are risking too much when trading.
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Enjoy the show...
IN THIS Episode:
How much is the right amount to risk
Why predetermined risk is the best way to manage risk and remove emotion
Why the golden rule of 2% isn't for everyone
Key ways to determine how much you should risk
Some key ways I boosted my Forex psychology with how much I risked
The maximum I would recommend any Forex trader risks on a trade
Some recommendations for trade limits on a daily basis
- Why only you know how much you should be risking in a trade
RESOURCES, LINKS & Tips MENTIONED IN THe episode:
Get Our Business Plan template & Much More - Our premium membership business plan template is a great tool for managing risk and keeping you on track with account management.
Free 7 Day Course - Our free 7 day Forex course starts you off on the right track and walks you through 7 days of great content.
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The VintagEducation Team