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Human emotions are very powerful. They almost always tend to get in the way of sound decision making. Taking risk in markets is a highly emotional practice, this process aims at minimizing those emotions and systematizing a process.
Having the proper risk parameters allows traders to minimize mistakes.
Knowing your downside is crucial in this process. Risk capital is only deployed when all the parameters are met.
- Size appropriately
- Define entry levels
- Define risk capital
- Develop consistency in risk taking so you can achieve consistent results
Our process, the FX Biscuit, will go deeper than just signal generation. We will offer proper set-ups, complete with candle charts to help users visualize the process.
Example of a Trade Set-up
- Entry: 125.000
- Stop: 125.40
- Risk Capital: $ 1,000
- Sizing: This is one of the most important components in risk managing a position. Below is a sizing table. Such table will be included for every set-up presented.
|SECURITY||ENTRY||STOP||RISK||NOTIONAL||1-1 TARGET||2-1 TARGET||3-1 TARGET|
|EURJPY||125||125.4||$ 2,000.00||€ 523,250.00||124.6||124.2||123.8|
|EURJPY||125||125.4||$ 1,500.00||€ 392,437.50||124.6||124.2||123.8|
|EURJPY||125||125.4||$ 1,000.00||€ 261,625.00||124.6||124.2||123.8|
|EURJPY||125||125.4||$ 500.00||€ 130,812.50||124.6||124.2||123.8|
|EURJPY||125||125.4||$ 250.0||€ 65,406.20||124.6||124.2||123.8|
|EURJPY||125||125.4||$ 100.00||€ 26,162.50||124.6||124.2||123.8|