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The best position sizing strategy varies for every trader, depending on risk management, experience, and trading style. Many traders, especially beginners, usually choose their position size randomly. In any case, it should be a maximum of a few percent of your deposit, as this will prevent the loss of money in a couple of trades. Actually, exact position sizing is beneficial, and it's easy to diversify the risks.
Not all traders prefer conservative trading. More and more market participants are turning to aggressive strategies and Expert Advisors, such as martingale. They involve huge risks but if you follow a few rules you can get a fairly stable profit.
It may seem unrealistic, but your ability to correctly select the size of trading leverage can play a major role in your future Forex career. It is crucial to make this choice separately for each of your transactions. Once you figure out how to do it, you will decrease the number of unnecessary losses and increase your potential profits.
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