Mastering Risk Management in Forex - Simple Enough for Beginners | How to Calculate Lot Size

Mastering Risk Management in Forex - Simple Enough for Beginners | How to Calculate Lot Size for Traders Looking to Get Funded

Hey y'all.

The video I put up this weekend referenced Mike Trout, MLB baseball player and his win rate and pay. I compared trading to him.

Risk Management is an integral piece to the equation to winning in this trading space.

Tune in to get the breakdown of how by using proper risk management you still can win as a beginner or even an advanced forex trader.

Understanding risk to reward, lot size calculation, etc. will get you there. Whether you are looking to get funded with FTMO, 5ers or any other funded program, this tool can help you.

#Riskmanagement #forexriskmanagement #learntotrade #forextrader

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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