Most professional traders typically trade only 1 mini lot for every $5,000 in their account. Now having said that, you might ask “why do so many brokers allow you to open a mini trading account with as little as $250?”
This week’s lesson is about money management and specifically – Risk Hero. The formula you use for lot size has the potential of turning a losing system into a winner and making a winning system even better. Watch the training video and read the post below to see how.
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Risk Hero is a money management system for calculating the ideal risk to use on a trade. By analyzing your trades it can determine whether to increase risk, decrease risk or even reverse the trade if necessary.