In speculative forex trading, it is wise to limit your risk on each trade to 1% of your total account size. Many new traders think this is preposterous. “1% of my account is only $10, how can I possibly make any money”, they say. While such a low exposure to risk might lack the excitement of (potentially) turning your small kitty into a great fortune… sooner or later, you will realize the necessity of such a conservative approach. Treat your account like a submarine By capping the risk on each trade to 1% of your account, you increase the probability of your survival during choppy or unfavorab ..read more