I m in need of best practice on position sizing, risk reward ration. Gone through different video online, but not OK with their explanation.
Any reference on - Position Sizing, Risk Reward and Taking profit.
Cheers
In the past, I often had problems with how to open a reasonable order to keep the account safe and try many ways. I finally realized that using 5% capital and using leverage x50 or more would be better than using large capital and using low leverage. because when we use low capital, about 5%, we can make more potential transactions. When the price goes in the right direction, we can take profit for a few orders and set a positive stop loss for the remaining orders. It's actually pretty good with this strategy and I've been using it for the last 3 months. Low risk and high profit.