Never test the depth of the river with both feet.Warren Buffett
The hardest thing to judge is what level of risk is safe. George Soros
Risk no more than you can afford to lose, and also risk enough so that win is meaningful. Ed Seykota.
I have two basic rules about winning in trading,
- If you don't bet, you can't win.
- If you loose all your chips, you can't bet. Larry Hite
In investing, what is comfortable is rarely profitable. Robert Arnott
There is no doubt that trading with leverage is a major attraction of the Forex Market.
Although the ability to earn significant profits by using leverage is substantial, leverage can also work against you.
Simply put, leverage can amplify your gains as well as your losses.
Risk management is a critical part in trading. In upcoming posts, I will describe different risk management techniques.