Cryptocurrency Q&A
What is the 1% rule in forex?
What is the 1% rule in forex?
BusanBeautyBloomingStar
Sun Dec 08 2024
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7 answers
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I'm interested in understanding the 1% rule in the context of forex trading. Could someone explain what this rule entails and how it's applied in forex transactions?
7 answers
Eleonora
Tue Dec 10 2024
The 1% rule is a crucial principle in trading that emphasizes risk management.
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Sofia
Tue Dec 10 2024
It dictates that traders should never risk more than 1% of their total account value on a single trade.
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Valentina
Tue Dec 10 2024
This rule is designed to protect traders from significant losses that could potentially wipe out their entire account.
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DigitalDynastyGuard
Mon Dec 09 2024
For example, if a trader has a $10,000 account, they should not risk more than $100 on a single trade.
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Lorenzo
Mon Dec 09 2024
It's important to note that this does not mean traders can only invest $100 in total.
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