Attention New Members
Futures Trading can be risky. Please read our guidelines below. Rule number 3 is a golden rule
Risk Management helps traders cut down on losses and protect them from losing their money. Without a proper Risk Management strategy, a massive profit can turn into a loss in a heartbeat.
Make sure to remember the top 3 strategies for Risk Management
1. Set a Stop-Loss point.
2. Set a Take-Profit point.
3. The One-Percent Rule: This rule suggests that a trader should never put more than 1% of their trading account capital into one single trade.
As an overall, planning your trades and having a solid strategy beforehand will help you limit losses and make educated trading decisions. You can check the picture above to see how to set SL on Binance and view your estimated loss (if you incur in any).
