Even the best trading strategy can bear risks. To mitigate these risks, it is of utmost importance to stick to the principles of money management. Please read through these guidelines. If you are in a rush, here is a simple rule to start with: Never risk more than 1-2% of your trading capital in a single trade!
Even if you have a solid understanding of money management, there is a danger of losing control of your emotions. Mastering your emotions is an important part of trading psychology, and will help you stick to your strategy and your money management.
Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. You should also read our learning materials and risk warnings.