Forex Risk Management for Beginners

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What Toronto and Canadian traders should consider

Start with the market context, the rules that apply to your account, the hours you can realistically trade, and the amount of risk you are prepared to accept. A useful trading process should be understandable before money is put at risk.

Build a repeatable process

Good trading education should move from observation to a written plan, defined invalidation, position sizing, execution and review. Avoid treating any single indicator or market prediction as a substitute for risk control.