Post
Topic
Board Trading Discussion
Re: you have to manage risk for trading.
by
Oshosondy
on 18/09/2023, 06:47:35 UTC
To manage your buying and selling risks objectively, you should utilize objective indicators.
What kind of indicator is that?

I've created a solution for this, where I look for similar historical charts.
No indicator is needed to manage risks in trading, everything needed can be done manually by a trader.

For instance:
You have $10000 in savings. Managing risk begins with to use the amount of money you can afford to lose to trade.

Let us assume that you can afford to lose 5%

That is $500 out if $10000 that you have.

Does that require indicator? No. But people are lady this days to use bots for something simple like that.

The second thing that you need are on trading sites that you want to use. I have seen it in all the trading site that I have used before. If you do not see it, you will see it in the settings. A way that you will be able to see the take profit and stop loss before you will be able to open a position. You can also see calculator on exchanges that can be used to calculate before opening any position.