Summary:Understanding risk management is an important skill for any trader to master.Today we will discover the number one mistake traders make and how to avoid it.
Trading Instructor Walker England discusses:
*What is a risk reward ratio?
*Why stop placement important.
*How to maximize your trading opinion.
This week, we focused on the number one mistake traders make. Normally traders risk more when they are wrong, than what the profit from being right. To combat this we will look at setting risk reward levels to help determine our stop and limit placements on our trades.
In the webinar, I reference a number of indicators to help trail your stop orders forward to lock in profits during trending markets.
---Written by Walker England, Trading Instructor
To contact Walker, email email@example.com. Follow me on Twitter at @WEnglandFX.
To be added to Walker’s e-mail distribution list, CLICK HERE and enter in your email information
New to the FX market? Save hours in figuring out what FOREX trading is all about.
Take this free 20 minute “New to FX” course presented by DailyFX Education. In the course, you will learn about the basics of a FOREX transaction, what leverage is, and how to determine an appropriate amount of leverage for your trading.
Register HERE to start your FOREX learning now!