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Top 5 Risk Management Rules

There are different Risk Management Rules that traders must follow when they are trading. Having an effective risk management will help you to minimize your losses and earn more. What are top rules of risk management?  Here they are: 

  1.  Determine your trade amount 
  2. Trade high correlation assets carefully 
  3. Move your stop loss to the right direction 
  4. Don't follow trading ideas without testing first
  5. Do back testing for your strategies 
Read more about these tips so that you can use them for your next trades! 

Comments

  • SerJemasSerJemas PEx Rookie ⭐
    Yeah, good post. Everyone who want to start trading cryptocurrency must know this. Nowadays there are so many interesting technologies with which you can make money, trading is really in demand! By the way do you know the impact of reddit posts on stock market prices? I recently read about this on http://www.mediaman.com.au/articles/the-impact.html and as for me it is very interesting!
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