XM – What is risk management and why is it important for traders?
This video by XM talks about what risk management is and why it is so important for traders. It will also help you understand what a part of risk management is. The technique revolves around finding the right balance between risk and reward. It helps traders become more profitable more consistently and reduces drawdowns.
There are three main aspects to risk management that one must be aware of: stop losses, risk-reward, and position sizing. Let’s learn more about them!
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