Mastering Risk Management in Forex - Simple Enough for Beginners | How to Calculate Lot Size

Mastering Risk Management in Forex - Simple Enough for Beginners | How to Calculate Lot Size for Traders Looking to Get Funded

Hey y'all.

The video I put up this weekend referenced Mike Trout, MLB baseball player and his win rate and pay. I compared trading to him.

Risk Management is an integral piece to the equation to winning in this trading space.

Tune in to get the breakdown of how by using proper risk management you still can win as a beginner or even an advanced forex trader.

Understanding risk to reward, lot size calculation, etc. will get you there. Whether you are looking to get funded with FTMO, 5ers or any other funded program, this tool can help you.

#Riskmanagement #forexriskmanagement #learntotrade #forextrader

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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IG: @kacijackson_

Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

[teeko]

I been praying for someone like you to teach me. I’ve watched almost all you videos. I’ve watched other videos from different channels. I just understand you better. Everybody not a good teacher

[yentaguinakougue]

Thank you for sharing, Kaci! I don't have any background in the trading world, but after watching some of your videos and comparing to others people videos that I watched on YouTube, I can tell that your explanations make trading processes simple and easy to understand to me. I will definitely take action. Keep up the great work ❤!

[tyresesmith]

Thanks for this video it's helped me get my emotions back in tack so with this insight I will be more relaxed and build more confidence to fix where I went wrong I over traded more like revenge trade blowing accounts but thanks once again

[zapshoe]

Nice calculator will have to get this.

[MontagueH]

Thank you Kaci for continually sharing knowledge and I truly appreciate you.

[TK-fvjv]

Wow, pretty cool, is there a time and date column on this?

[sam]

What a beautiful video, simply and to the POINT! we lose simply cause of lack of patience and risk . My issue is I have finally agreed I’m only going for 1:3 ratios, but what do I do when I see I’m up 2R, do I take partials ? Cause if I do then my reward decreases !. Do I not take partials and let me trade possible go against me and now it hit my stop loss and I’m down 1R when I could of took 2R, all this psychologically messes me up when trading 1:3 .