What is your method for Risk Management and Money Management?

What is your method in risk management and money management? Charlie Burton trader and educator comments. Money Management - when you get into a position, do you already know where you may be getting out in terms of the stop losses / profits? I'm a target based trader. Do you ever average down into a losing trade? It comes back to risking only a small amount per trade; always risk a small amount of your capital - if you only have 1000 pounds in your account - you shouldn't risk more than 10 quid. That way you won't get discouraged by losing trades and you will be able to sleep at night. What do you do to cope when having bad days.

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  Forex Trading