Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Becoming a Better Trader: Managing Risk (Webinar)

Becoming a Better Trader: Managing Risk (Webinar)

Paul Robinson, Strategist

Join Paul every Thursday at 10 GMT for the “Becoming a Better Trader” webinar series, where he discusses a variety of subjects geared towards trader development. Full calendar of live events here.

In today’s webinar, we looked at risk management from not only the standpoint of preserving and growing trading capital, but also making sure in the process mental capital is preserved as well; often times an afterthought.

It’s important to have good risk controls on both a per trade basis, as well as on an account basis. Risk measures are relative to the individual’s tolerance for risk, but some general common-sense parameters do apply.

Trading style, including types of trade set-ups and time-frame, are key determinants in understanding how you should look at risk, and what parameters are best for you.

Beginning traders want to make sure that while they are figuring out the market and what works for them, that they are keeping losses very, very small. Experienced traders want to do themselves the favor of not creating any unnecessary draw-downs due to poor risk controls.

At the end of the day, the first job a trader has, is to make sure they are around to fight another day; once capital is gone, game-over. Today, we discussed measures which are helpful in putting together a risk management game-plan that will not only help avoid risk of ruin, but ultimately position one’s self for having their best chance at acheving success.

For trader education, see our Trading Guides.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES