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Old 21-07-2011, 14:40
turbopro turbopro is offline
Level 1 Lasers Member
 
Join Date: Feb 2009
Location: New York, USA
Posts: 12
Default Risk Management is what it's all about!

Quote:
Originally Posted by Johnnykanoo View Post
Of course there are some who will risk 5% and some who would never risk more than 1% This is the standard accepted range between 1% and 5%.

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Finally I would also warn that my "style" of money management for Wally does not provide for a black swan. If something terrible happens and the markets crash I will certainly lose money.
Nice to see a forex forum leader focussed on risk management. A 99% winning EA would be useless in the hands of a tyro unwise in the ways of risk management.

Thanks again John.
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