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There's been some big movers alright Peter, a real smorgasbord of trading opportunities.Point taken that 5 trades with a 2% risk on each trade equates to 10% of your capital at risk, which is far too much in my view. I should have clarified that I won't risk more than 2% of my account at any time. If I get into a trade, I won't take on a second trade until my stop loss on my first trade has been moved to break even.And I won't take on a third trade until the stop loss on my second trade has also been moved to break even.Under favourable market conditions, this strategy allows you to have multiple trades open together, but without risking more than 2% of your trading capital at any given time.How long have you been trading Forex?
There's been some big movers alright Peter, a real smorgasbord of trading opportunities.
Point taken that 5 trades with a 2% risk on each trade equates to 10% of your capital at risk, which is far too much in my view. I should have clarified that I won't risk more than 2% of my account at any time. If I get into a trade, I won't take on a second trade until my stop loss on my first trade has been moved to break even.
And I won't take on a third trade until the stop loss on my second trade has also been moved to break even.
Under favourable market conditions, this strategy allows you to have multiple trades open together, but without risking more than 2% of your trading capital at any given time.
How long have you been trading Forex?
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