Hi all,
some people trade risking 1% - 2% of their account as a money management strategy. I would like to know how you translate that 1% - 2% risk into the number of pips in the particular currency you are trading so you can use that number as the stop loss for your trade? Let's assume that the account balance is $10k.
regards
some people trade risking 1% - 2% of their account as a money management strategy. I would like to know how you translate that 1% - 2% risk into the number of pips in the particular currency you are trading so you can use that number as the stop loss for your trade? Let's assume that the account balance is $10k.
regards