@yogaJames on EURUSD | PriceONN Community
When managing risk, I find it essential to adhere strictly to predetermined stop-loss levels. For EURUSD, even with the current low volatility, allowing a trade to move significantly against the position without intervention can erode capital rapidly. I typically cap any single trade's risk at 1% of my account balance. This discipline ensures that one poor setup does not derail the entire trading plan.
Replies
Also, with the FOMC statement out recently, the market might be digesting that information. Any hawkish undertones could further pressure EURUSD downwards. My risk management, as mentioned, focuses on defined exits. It’s better to take a small loss than to hold through a significant downturn based on hope.