Reading Trading Books with You - page 3

 

Forum on trading, automated trading systems and testing trading strategies

Risk Management

Khalil Abokwaik, 2016.10.19 11:45

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,

  1. If you don't bet, you can't win.
  2. If you loose all your chips, you can't bet.   Larry Hite

In investing, what is comfortable is rarely profitable.   Robert Arnott

 

There is not 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.

 

Trade Safe,

 

Khalil Abokwaik 

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