Howdy folks! Welcome back to another episode of P2P tutorials. In this clip I'm going over an important piece of information that all beginning traders should know and hold dearly: MONEY MANAGEMENT!
In this clip you'll hear me mention some things about:
1. Establishing an amount you're willing to lose to the market & nothing else.
2. Calculating 1-5% of your account to determine your lot sizes.
3. Finding a pair that aligns with your RR (risk/reward) & finding setups that align with your RR.
4. Setting a profit target
* basically a goal on how much you would like to grow your account (being realistic)
5. Backtesting your pair with your RR.
I hope you guys and gals find some value in this video. Make sure to share it with your family and friends so we can help take control of our future!
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Make sure you follow the page, we have a lot in store for 2023, can't wait to see everyone winning!
In this clip you'll hear me mention some things about:
1. Establishing an amount you're willing to lose to the market & nothing else.
2. Calculating 1-5% of your account to determine your lot sizes.
3. Finding a pair that aligns with your RR (risk/reward) & finding setups that align with your RR.
4. Setting a profit target
* basically a goal on how much you would like to grow your account (being realistic)
5. Backtesting your pair with your RR.
I hope you guys and gals find some value in this video. Make sure to share it with your family and friends so we can help take control of our future!
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Make sure you follow the page, we have a lot in store for 2023, can't wait to see everyone winning!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.