Posts
Risk management is very important for you to understand.
Because this will help you become a professional trader.
But i need to share something personal about me before
we dive into the "The #1 Step To Risk Management".
One thing about me is that i love being a leader.
Even looking for people that enjoy being leaders is what i like.
Sometimes i look at certain friends of mine.This particular person
i am thinking about was a good friend.
Now the problem is that this friend of mine never grew up
to like leadership.If you want to be my friend you
have to love leadership.
Because once you become a leader you wont
be scared to keep people accountable.
I was reading a book on real estate 
IYR [A good buy]
And the writer said he hired his elder brother to collect rent.
Listen if you need help collecting rent - then you
are sacred to keep people accountable.Now in some situations
you will to be in a position of insurance.This means you have
to screen the tenant before you rent out the property.
==
When you look at this forex pair 
NZDUSD
Notice that it does not follow the rocket booster strategy
at all.But its in a trending position.
This means it is a good dip buy.Coming from a "multi-day runner".
[I got this idea from Tim Sykes]
To enter this trade reset your simulation trading account
and then put a margin level of ONLY X10 for forex
trading.
Place you buy position then see what happens.
Your #1 Step To Risk management is to not risk too much.
Do not risk more than 10% on your down payment for the margin.
Also learn the right strategy.
Using the MACD to confirm the trade.I will do a demonstration
video on how to do that for now enter a trade in the simulation account.
==
Rocket boost this content to learn more.
Disclaimer:Trading is risky please learn risk management and
profit taking strategies.Also feel free to use a simulation
trading account before you trade with real money
