Protect your capital
Your first responsibility as a trader is to protect your account from large and unnecessary losses.
MineForex is a professional trading platform for global markets.
Review the most important ideas from the course before applying risk management concepts to your own trading routine.
Your first responsibility as a trader is to protect your account from large and unnecessary losses.
Many traders use a small fixed percentage of their account balance as the maximum planned risk per trade.
Position size should depend on account balance, risk percentage, stop-loss distance, and the value of each price movement.
A trade should have a clear invalidation level before the position is opened.
Leverage increases market exposure. It does not reduce the underlying market risk.
Revenge trading, overtrading, fear, and greed can cause traders to abandon their risk plan.
Use this checklist to evaluate whether you understand the main risk management principles.
Complete the practice questions to check how well you understand the concepts covered in this course.