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βοΈIMPORTANT RULEβοΈ π¨ For any Order you should use 2 % from your account , some traders can't calculate it !!!!!!
Ex : If your account is 1000 $ * 2% = 20 $
so , if SL hitted you will not lose more than 20 $
whatever SL 50 pips or 100 pips , your loss can't be more than 20$
π¨To do that you should adjust position size (Lot size)
use online lot size calculator ,it will help you much
https://www.babypips.com/tools/position-size-calculator
π¨Remember that Money Management and Risk Management are Forex Holly Grail
Ex : If your account is 1000 $ * 2% = 20 $
so , if SL hitted you will not lose more than 20 $
whatever SL 50 pips or 100 pips , your loss can't be more than 20$
π¨To do that you should adjust position size (Lot size)
use online lot size calculator ,it will help you much
https://www.babypips.com/tools/position-size-calculator
π¨Remember that Money Management and Risk Management are Forex Holly Grail
Babypips.com
Position Size Calculator - Babypips.com
The position size calculator helps forex traders find the approximate amount of currency units to buy or sell to control your maximum risk per position.