9 tips to improve your trading risk management
Risk management usually ranks very low on the priorities list of most traders. Typically, way behind finding a better indicator, more accurate entry signals or worrying about stop hunting and unfair algo-trading practices. However, without proper knowledge about risk management, profitable trading is impossible.
A trader needs to understand how to manage his risk, size his positions, create a positive outlook for his performance, and set his orders correctly, if he wants to become a profitable and professional trader.