FUG MTL COMMUNITY 🦅

Now, guys, I want you to pay serious attention to this part because this is one of the most important things am going to teach you today.

Risk management.

A lot of beginners come into Forex asking:

How can I make $100 every day?

That's the wrong first question.

The first question should be:

How much am I willing to lose if this trade is wrong?

Because you are going to lose trades.

I don't care how good a trader you become.

You will lose trades.

The goal isn't to win every trade.

The goal is to make sure that your losing trades don't destroy your account.

For example

Let's say you have a $100 account.

If you decide to risk 1% on a trade, that's $1.

So if the trade loses, you lose approximately $1.

You still have $99.

You can continue trading.

But imagine you start risking $50 on every trade.

One or two bad trades can destroy the account.

That's why professional traders focus heavily on risk management

Risk-to-Reward

Let's say am risking 50 pips to make 100 pips.

Am risking 50 to potentially make 100.

That's a 1:2 risk-to-reward ratio.

If am risking 50 to potentially make 150, that's 1:3

The important thing is not just how much you can make.

You need to know how much you can lose.

Now, guys, I want you to pay serious attention to this part because this is one of the most important things am going to teach you today.

Risk management.

A lot of beginners come into Forex asking:

How can I make $100 every day?

That's the wrong first question.

The first question should be:

How much am I willing to lose if this trade is wrong?

Because you are going to lose trades.

I don't care how good a trader you become.

You will lose trades.

The goal isn't to win every trade.

The goal is to make sure that your losing trades don't destroy your account.

For example

Let's say you have a $100 account.

If you decide to risk 1% on a trade, that's $1.

So if the trade loses, you lose approximately $1.

You still have $99.

You can continue trading.

But imagine you start risking $50 on every trade.

One or two bad trades can destroy the account.

That's why professional traders focus heavily on risk management

Risk-to-Reward

Let's say am risking 50 pips to make 100 pips.

Am risking 50 to potentially make 100.

That's a 1:2 risk-to-reward ratio.

If am risking 50 to potentially make 150, that's 1:3

The important thing is not just how much you can make.

You need to know how much you can lose.

So I will stop here for today

From tmr we would start with How Traders Analyze the Market

Now, how do traders actually decide whether to buy or sell?

There are different ways.

So tmr we would talk more on that

And we would cover the basics things I think we all need to know about forex

So I hope we all enjoyed today's class?

So I will stop here for today

From tmr we would start with How Traders Analyze the Market

Now, how do traders actually decide whether to buy or sell?

There are different ways.

So tmr we would talk more on that

And we would cover the basics things I think we all need to know about forex

So I hope we all enjoyed today's class?

I have a question sir, you talk about pipes. What’s pipes?

Yh, this class has been the most well-said and a good complete breakdown on forex as a topic ever 💯

Yh, this class has been the most well-said and a good complete breakdown on forex as a topic ever 💯

Pips sir 🤲😂

I enjoy the class, I must say, no two lies about it.

Pardon me, my keyboard expose me😄🤣🙏

Same too

We are all learning, sir. Nobody is above mistakes

Pardon me, my keyboard expose me😄🤣🙏

So a pip means “percentage in point” (or price interest point). It is the standard unit used to measure a currency pair’s price movement.

Simple example

If EUR/USD moves from:

1.1000 → 1.1001

That is a movement of 1 pip.

If it moves:

1.1000 → 1.1050

That's 50 pips.

The pip tells you how far price moved

Hope you get that?

Okay gud

so see y all tmr🫡

So a pip means “percentage in point” (or price interest point). It is the standard unit used to measure a currency pair’s price movement.

Simple example

If EUR/USD moves from:

1.1000 → 1.1001

That is a movement of 1 pip.

If it moves:

1.1000 → 1.1050

That's 50 pips.

The pip tells you how far price moved

Hope you get that?