Chapter 5: Risk Management and Trading Psychology in Forex Trading
- Understanding Forex Market Risks
- Types of risks: market risk, leverage risk, interest rate risk
- Identifying and assessing risks
- Risk Management Techniques
- Setting stop-loss and take-profit levels
- Position sizing and leverage management
- Diversification and portfolio management
- Developing a Risk Management Plan
- Creating a personalized risk management strategy
- Stress testing and scenario analysis
- Continuous monitoring and adjustment of risk management plans
