A lot of newbies often totally ignore this part of forex trading and I decided to start this thread to maybe remind a few newcomers to take a moment and think about risk management.
I use 3% per trade as I am confident in my trading strategy and it allows me to operate my forex account with the risk exposure I like. I do not have more than 5 positions open at the same time and while my max exposure could be 15% and is rather high I have been able to slowly increase this from my initial 1% and no more then 3 trades as I fine tuned my trading strategy and achieved consistent results.
I use 3% per trade as I am confident in my trading strategy and it allows me to operate my forex account with the risk exposure I like. I do not have more than 5 positions open at the same time and while my max exposure could be 15% and is rather high I have been able to slowly increase this from my initial 1% and no more then 3 trades as I fine tuned my trading strategy and achieved consistent results.