سكوار

The Art of Risk Management at Binance | How to Protect Your Capital from Loss

Golden Advice:

Peace be upon you and God's mercy and blessings, Happy Friday 🌸
In today's lesson from the Binance trading series, we will discuss the most important rule for a successful trader: risk management.

🔑 Key Points:

1. Do not risk more than 1%-3% of your capital on a trade, no matter how tempting it may be.

2. Set your Stop Loss before entering, and do not change it out of emotion.

3. Divide your capital: part for short-term trading, and part for long-term investment.

4. Stick to the plan; the market always offers opportunities, but if your capital is lost, it doesn't come back easily.

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