What are the risk management strategy to utilise as a long-term forex trader?

[Potuse]

The risk management strategy must be adopted if you are involving in long-term forex trade. The risk management in long-term trade is to involve the use of stop-loss orders, you must try to avoid leveraging and also diversify your portfolio. Share your opinion.

 

[Planbizzle]

Using optimal position sizing is one of the most critical risk management measures. As a long-term trader, you should strive to risk a tiny amount of your account on each trade, often 1% to 3%. This will help to ensure that a few bad deals do not wipe out your entire trading account.

 

[Potuse]

Using optimal position sizing is one of the most critical risk management measures. As a long-term trader, you should strive to risk a tiny amount of your account on each trade, often 1% to 3%. This will help to ensure that a few bad deals do not wipe out your entire trading account.

It is very important to invest a very small amount of money on a long-term trade because anything can happen along the line because it comes with larger risk compared to short-term trades.