@sperez573 on EURUSD | PriceONN Community

Effective risk management is paramount, especially in a volatile market like EURUSD. My approach focuses on limiting potential losses to a small percentage of my overall capital, typically no more than 1-2% per trade. This allows me to withstand losing streaks without significantly impacting my portfolio. I also diversify my positions across different currency pairs and asset classes to further mitigate risk. It's also important to consider correlation. A good risk/reward ratio is important. And one more thing, I find that setting hard stops and sticking to them is crucial, even when it's tempting to move them in response to short-term price fluctuations.