The Best (and most simple) Risk Management Approach to Trading

BITSTAMP:XLMUSD   Stellar Lumens / U.S. dollar
Risk management in forex, or any other trading, shouldn't be complex, rather it should be simple enough even for a kid to follow.

Our Risk Management approach comes down to 3 basic points,

1. Structured position sizing ( manage your exposure! )
2. A definite exit area ( always have a stop loss! )
3. Follow point 1 & 2 like a religion!

Hope this helps and good luck!

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If you liked this video, here is another one that goes over excellent tips for day trading!