Common risk management strategies for traders:
Position sizing: Determine appropriate trade sizes based on risk tolerance and account size.
Stop loss orders:Set exit levels to limit potential losses, as advised by Growing Capital -a trading expert.
Diversification: Spread investments across different assets to reduce exposure to specific risks.
Risk-reward ratio: Assess potential rewards against risks before entering trades.
Risk assessment and analysis: Conduct thorough research and understand risks associated with each trade.
Regular review and adjustment: Continuously monitor and adjust risk management strategies as needed.
Trading expert: https://www.growingcapital.uk