This lecture covers two pages of your textbook Infographical Forex.
Summary of the lecture:
- Your goal initially should be to stay in the game.
- You can stay in the game with proper risk management.
- Keep you initial accounts small.
- Accept that there will be losses.
- Risk to reward ratio is more important that profit to loss ratio.
- Leverage – start with 50:1
- Position size – 2% risk max for beginners
The infographics used in this lecture: