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 instructor@dailyfx.com. Follow me on Twitter at @WEnglandFX.
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