Risk management is the cornerstone of successful trading. Without a proper plan, even the best strategies can lead to significant losses π. It's essential to understand that managing risk isn't just about avoiding losses, but also about optimizing gains π‘. A balanced approach ensures long-term profitability. Professional signals, knowledge and advices in my Telegram channel: https://uunhf.org/12WTxJ Use the promo code OLIVER and get BONUS up to 50% on Pocket Option To effectively manage risk, traders should use position sizing to determine how much of their capital to allocate to each trade π―. This ensures that even if a trade goes wrong, the impact on the overall portfolio is minimized. Implementing the 1% ruleβwhere you only risk 1% of your capital per tradeβis a widely recommended approach π‘οΈ. Furthermore, using trailing stops can help lock in profits while allowing your trades to continue running if the market moves in your favor π. It's also wise to stay updated on market news and economic events that could impact your trades π . Constant learning and adapting to changing market conditions is key to refining your risk management strategy over time π. Check My Other Videos: https://www.youtube.com/watch?v=bTgTv3blcMU Binary Options Tactics: https://www.youtube.com/watch?v=VtKUE-vGMr4&list=PLYZ_Lfwna5GwNQU_LHSbX0x8XZvIwfcsn π₯ TimeStamps π₯: 00:00 - Intro 01:10 - Setting a budget 02:30 - Important advices 05:55 - Calculation 07:30 - About limits 09:00 - Conclusion risk management risk management trading trading risk management limitations of risk management what is the risk management risk management methodology risk management for beginners risk management strategy for trading stock risk management risk management strategies #riskmanagement #tradingtips #tradingstrategy