Read these risk management tips to improve your trading success👇

1. Follow the “2% rule”: Limit your risk to no more than 2% of your total trading account on any single trade.

2. Apply volatility-based stop-loss. Adjust your stop-loss levels according to current market volatility for better risk management.

3. Use laddered entries and exits: Enter and exit your positions gradually to minimize risk and maximize potential profits.

4. Set price alerts. Stay alert with notifications of critical price levels, allowing you to react quickly to market opportunities.

5. Backtest with realistic slippage and fees. Incorporate these factors into your backtesting to accurately assess your potential profitability.

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