Infinite Prosperity - Day Trading
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The complete guide to saving, investing, trading and designing your life. The Infinite Prosperity project was created in 2011 to elevate the financial intelligence and personal empowerment of clients through a step by step online course.
Infinite Prosperity - Day Trading
7y ago
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