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The 5 Most Effective Risk Management Techniques that the Pros Use
Risk management. It’s a topic that comes up often in trading blogs, books, and courses. But is it really practical? I mean, if you put a trade on, then you know the market is going to go your way, right? Stops are for buses!
WRONG.
Risk management must be part of your core trading strategy. Protecting the money you made is the way to make consistent profit, and ensure you have a long, successful trading career.
Like I’ve said before, if you make 1,000% in 2018, then lose 80% in January 2019, you’re not going to be a trader for very long.
Trading without risk management is like skydiving without a second parachute. What happens if the first one doesn’t open?
Using indicators to make profit will only get you so far if you’re not protecting your positions.
I’m bringing the best risk management strategies to you straight from the horses mouth. Read on to find out the most effective risk management strategies that the pros use!
