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A Sensible Risk<br />
Management Approach.<br />
Setting yourself clear boundaries in terms of profits and losses, can be the<br />
difference between doing this as a career and just being a part-timer. <strong>The</strong><br />
boundaries not only have to be in place but also set to the correct percentages in<br />
terms of account size and “clip” size of each trade. Miscalculations in either of<br />
these may have you stopping out of a losing trade based on P&L and not<br />
whether you are correct in your analysis. This is where a flexible and<br />
knowledgeable approach to risk management is essential, having the software to<br />
analyse patterns during your trading day and the right people to assess whether<br />
to tell you to call it a day and come back tomorrow.<br />
Something that we see is people trying their hand at trading and end up<br />
spending more than they can afford to lose. Without the proper training and<br />
professional support those investments are likely to be unsuccessful.<br />
Risk management is an important part of our Trading Floor Training course<br />
which can be taken either In House or remotely.