One year later, I finally understand the value of this video. This simple video could have saved me lot of emotional breakdown if I followed a year ago.
the contradicting thing for me would be scaling my lot Size but always getting excited when a trade is going in my direction then doubling down on that with an exaggerated lot size, thank you for reminding me about managing my discipline.
So glad i watched videos about risk management first before anything else when i started trading. and trust me, it is hard to blow an account if you have a proper risk management. Lots of value in this video :)
Great video: I use cTraders' built in lot size calculator but place my trades on MT4 because if has smaller spread than cTrader. For FTMO 1% is as follow per account size: 1% x 10k = $100. 5 Lost trades will put you over the daily max loss 1% x 25k = $250. 5 Lost trades will put you over the daily max loss 1% x 50k = $500. 5 Lost trades will put you over the daily max loss 1% x 100k = $1000. 5 Lost trades will put you over the daily max loss My strategy is top down from the monthly and entry on the 4H with at least god probabilities of a 1:3RR, even with a 30% winning rate I'm still 2% up. (-1x7%) + (3x3%) = 2%, but I try to stay with in 40% to 50% win rate. I don't place more than 2 trades daily. Thanks for sharing.
Exactly!! None of us know where the market is going! That is why i hate mentors who trick newbies like, “ i flip a 100$ account to 1000$ in a week.” Obviously you are over leverage!
I use to use the app, but it took too long to type in the numbers and calculate when you take live market entries. So instead I find what 1% of my account, divide that number by my SL I wish to this. This will give you the correct position size. Account Balance: 100 000 Risk per trade: 1% 100 000 * 0.01 = 1 000 risked per trade at 1% risk 1 000 / 20 pip SL = 5 lots
100%!! Used to trade without risk management when i first started... I could make some decent money but also lose lot of money... I found i eventually lost quite abit of money overall. Took me to lose that to learn how important risk management is.
yeah when i started forex i had no idea about risk management or risk to reward and i found myself using huge lot sizes on small accounts which of course didn't end well
Great advice! Just to add. My %RPT = 1.5% *Max Live Risk = 4.5% so 3 open trades max at one time. So that is 4.5% of equity from the first trade made for the day. I keep it fixed for the whole day of trading. This is for day trader style. *I increase risk to 2-2.5% RPT on A grade setups that have been identified through backtesting to have a higher change of WR% and higher R:R.
This video is excellent and I agree with your approach and your experience. Thanks for explaining that so well about how to adjust the position size not the stop loss and that the position size is not some arbitrary number used always the same for all trades. So many people need to get clear about this.
Brilliant vid Hannah. With Lot size the best thing I did in the beginning of my journey was use the general rule of thumb: 0.01 for every 100usd/gbp/eur I trade until I learnt how different pairs move as well as their pip values.
Hi Hannah, I have only recently came across your videos and really admire your courage in being a full time trader. I am doing reading and slowly learning the basics of forex trading. Maybe you have mentioned this in your other videos, but what broker/platform do you use? Thanks.
omg i got it now~ .. all this while i was thinking risking amount if investing amount.. its actually the risk amount is based on the stoploss point that u set.. ! thanks hannah .. stinu helps alot!
Lower Risk usually equals higher Reward but a lower probability ( SL is tighter/countertrend). Higher Risk usually equals Lower Reward but a higher probability (Wider SL/with trend).
I would be too uncomfortable risking 1% per trade. I only risk 0.1% - 0.25% per trade, depending on how much confidence I have in the trade. Swing trade aiming for 3-5 x R per trade on average. Thank you for putting out this video and telling folks how to calculate true risk management. Wish someone had made this video before I started trading lol.
awesome! everyones gonna have diff risk settings depending on how they trade :) if i was scalping / taking loads of trades in the day.. id deffo only be risking the same as you :)
Well said Hannah. Just to mention a couple of things....loss of 1% will not require 100 trades to blow your account since you reduce amount in every trade. For example if you go from 100k to 50k with 60-65 trades then you use again 1% aka 500$ per SL so you still have more than 100 trades at this point.....I haven't calculate this but you have too many trades to blow an account by using risk percentage per trade. That's why we should use this instead of fixed SL. Anyways....I don't know if you already use it but you should look at cTrader for risk calculation you solve everything that you mention in just 1 platform with much more tools and if you are in MT4-MT5 it's like you going from DOS to Windows 10.
Awesome work, Hannah! I'm actually shocked that people are trading leveraged instruments without understanding risk management, correct lot sizing, etc.
Hannah do you day trade or you swing? I'm a learning trader and I'm honestly confused on what type of trading I should primary focus on learning and mastering.
I developed a hedging EA. My strategy involves 5-10 % gains and withdrawing these gains. there may be some drawdowns but the risk management makes sure that it remains a small percentage of the account. Rinse and repeat. I have consistent results with these strategy.
Hannah, thank you for sharing this. When trading things that are not listed on myfxbook, such as XBT, nas100, xau, etc, is there a standard formula that you may know of so I may put in the proper risk in my trades?
Hi Hannah, first of all thanks for the awesome videos and for letting us see your journey as a trader. I have a question though, when you say you don't risk more than 1% per trade, does that mean that you don't put in more than 1% in a poisition or that if you get stopped out you lose 1%? Thanks again
alot of people ask what lot size because for most of us we have never had to deal with lots, we simply trade dollar figures however since prop firms etc lend money and then their brokers trade lots, most of us have no idea what lot sizes to trade. trading lots may be common in the UK but aroung the rest of the world it kinda isn't.
One of the very best advantages of forex trading is the near infinite granularity of trade size. Calcs show you need to trade 0.21 lots? No problem, no need to round trade size.
Hi Hanna, thank you for sharing your trading anecdotes, thankful. I had a query if I can't overcome 10% of the first challenge, I understand that they give us a second chance if we don't break any rules in FTMO, but is it just 1 more chance? or is there more chance?
what im confused about is how can you calculate your lot size before you enter a trade... how do you know what price to put for entry price on the calculator while at the same time entering the trade?
Hey Hannah Good content. I like it. About risk managment and ftmo here are my thought. Is it not better to calculate your 1% Risk for example and your Position size with the Max of 10% that you can loose because you never cant use the full account. Example. 100.000 10% max Loss 10.000 Risk managment on the 10K . The reason is if you lost 3 or 5 time is a row you could Hit your max daily Loss or max Loss realy fast. Hope you understand what I mean😎 and keep going with your content.
So you’re saying, we should have a fixed risk rate, but what if we want to enter and our fixed risk rate is 1% but that 1% is too big considering the trade we want to make. Surely we can’t make it 0.5% depending on the trade.
Hi Hannah, you was showing in some video software for trading, which you could have mixed accounts.. Could you tell me the name of that software please? Thyyy 🎉❤
hey there hannah i hope youre doing great my question is i took a 10k fund challenge and the draw down is 10% but doesnt that mean it takes me to lose 10 trades to blow my account if im risking 1 % im really confuse could you please help me
With proper risk management any strategy is profitable. Another important point is your risk to reward ratio and only trade with at least a 1:2. This means you risk $1 to earn at least $2.
Hi Hannah.. Ive watch most of ur video and follow u in IG. Ive started on demo. This is the 3rd day. Whats ur advise n how long must i be on the demo before i start the challenge..?
First of don’t let indecision ruin you. I’ve worked with many self acclaimed PROs but Christain Richardson’s Strategies are based on clear and logical thinking and patterns that can be repeated, adjusted and even tweaked. Risk management is literally everthing, I’ll leave his number here you can call
If you trained yourself successfully and you were risking 3% each trade. Even if u build the account up stay with the 3%..that uniformity calms emotions
Do u account in for spread and charges from ftmo when you do your risk management I use babypips calc and I always end up going 25% over the 1% near enough everytime
im in my first month in trading. and yes, i did blow up my account in the first 3 trades. i underestimated trading. it's more technical than i thought.
One year later, I finally understand the value of this video. This simple video could have saved me lot of emotional breakdown if I followed a year ago.
the contradicting thing for me would be scaling my lot Size but always getting excited when a trade is going in my direction then doubling down on that with an exaggerated lot size, thank you for reminding me about managing my discipline.
So glad i watched videos about risk management first before anything else when i started trading. and trust me, it is hard to blow an account if you have a proper risk management. Lots of value in this video :)
Great video:
I use cTraders' built in lot size calculator but place my trades on MT4 because if has smaller spread than cTrader.
For FTMO 1% is as follow per account size:
1% x 10k = $100. 5 Lost trades will put you over the daily max loss
1% x 25k = $250. 5 Lost trades will put you over the daily max loss
1% x 50k = $500. 5 Lost trades will put you over the daily max loss
1% x 100k = $1000. 5 Lost trades will put you over the daily max loss
My strategy is top down from the monthly and entry on the 4H with at least god probabilities of a 1:3RR,
even with a 30% winning rate I'm still 2% up.
(-1x7%) + (3x3%) = 2%, but I try to stay with in 40% to 50% win rate.
I don't place more than 2 trades daily.
Thanks for sharing.
Without risk management you will blow your account, doesn’t matter how good of a trader you are💯 Definitely essential🔥
facts! 🙌🏽
no you can't even call yourself a good trader without risk management
@@dawgsout4free true that💯
Exactly!! None of us know where the market is going! That is why i hate mentors who trick newbies like, “ i flip a 100$ account to 1000$ in a week.” Obviously you are over leverage!
@@kemoyofficial fact
I use to use the app, but it took too long to type in the numbers and calculate when you take live market entries. So instead I find what 1% of my account, divide that number by my SL I wish to this. This will give you the correct position size.
Account Balance: 100 000
Risk per trade: 1%
100 000 * 0.01 = 1 000 risked per trade at 1% risk
1 000 / 20 pip SL = 5 lots
But there will be differences dependent on the currency pair you trade and the base currency of your trading account.
That’s not reliable, all currencies don’t have the same value in terms of pips.
This is not right cus some pairs don't have same lot size even on the very same 100k acct, they'll vary from each other. Just stick to stinu.
100%!! Used to trade without risk management when i first started... I could make some decent money but also lose lot of money... I found i eventually lost quite abit of money overall. Took me to lose that to learn how important risk management is.
Thank you so much Hannah learn a lot. this is the video I needed really
yeah when i started forex i had no idea about risk management or risk to reward and i found myself using huge lot sizes on small accounts which of course didn't end well
Same here.
Great advice! Just to add.
My %RPT = 1.5%
*Max Live Risk = 4.5% so 3 open trades max at one time. So that is 4.5% of equity from the first trade made for the day. I keep it fixed for the whole day of trading. This is for day trader style.
*I increase risk to 2-2.5% RPT on A grade setups that have been identified through backtesting to have a higher change of WR% and higher R:R.
This video is excellent and I agree with your approach and your experience. Thanks for explaining that so well about how to adjust the position size not the stop loss and that the position size is not some arbitrary number used always the same for all trades. So many people need to get clear about this.
I was over that tradingview type of calculation and I don't like my fxbook, so yup found a lot of value on that one as always! thanks for Stinu!
Thank you Hannah. Taking notes. Your channel is pure gold. Much love 👌
My mentor Navin created STINU app and Fx meter.These are trading ups we use at Urban Forex.
Greetings from Ghana 🇬🇭.
Brilliant vid Hannah. With Lot size the best thing I did in the beginning of my journey was use the general rule of thumb: 0.01 for every 100usd/gbp/eur I trade until I learnt how different pairs move as well as their pip values.
Hi Hannah, I have only recently came across your videos and really admire your courage in being a full time trader. I am doing reading and slowly learning the basics of forex trading. Maybe you have mentioned this in your other videos, but what broker/platform do you use? Thanks.
You've officially won my heart♥️ thank you for an explanation that is next to none🔥🔥🔥🔥🔥🔥🔥
Great information Hanah 👍🏾👍🏾I bookmarked my fx book calculator.
omg i got it now~ .. all this while i was thinking risking amount if investing amount.. its actually the risk amount is based on the stoploss point that u set.. ! thanks hannah .. stinu helps alot!
OMG this was so helpful thank u!! I’m only trading us30 now and I need good risk management! 🙌🏽🙌🏽
Uhhhh Hannah, can you make a video about how you approach your trading using technical analysis...
Thanks...
Started to use risk management since September an bro it definitely helps
Good stuff :)
Just Helps? It's the key to success in this trading game...
@@the50pipsguy it's the only holy grail that helps
Needed this video big time! Thank you for consistently sharing your knowledge and journey with us
Learning the traders equation is so important. Risk + probability + reward
Lower Risk usually equals higher Reward but a lower probability ( SL is tighter/countertrend). Higher Risk usually equals Lower Reward but a higher probability (Wider SL/with trend).
I would be too uncomfortable risking 1% per trade. I only risk 0.1% - 0.25% per trade, depending on how much confidence I have in the trade. Swing trade aiming for 3-5 x R per trade on average. Thank you for putting out this video and telling folks how to calculate true risk management. Wish someone had made this video before I started trading lol.
awesome! everyones gonna have diff risk settings depending on how they trade :) if i was scalping / taking loads of trades in the day.. id deffo only be risking the same as you :)
Awesome video Hannah. I use the Stinu APP really easy and fast to calculate lot size.
Thank you Hannah, keep the good work. I do appreciate your honesty.
Well said Hannah. Just to mention a couple of things....loss of 1% will not require 100 trades to blow your account since you reduce amount in every trade. For example if you go from 100k to 50k with 60-65 trades then you use again 1% aka 500$ per SL so you still have more than 100 trades at this point.....I haven't calculate this but you have too many trades to blow an account by using risk percentage per trade. That's why we should use this instead of fixed SL. Anyways....I don't know if you already use it but you should look at cTrader for risk calculation you solve everything that you mention in just 1 platform with much more tools and if you are in MT4-MT5 it's like you going from DOS to Windows 10.
Ye that was assuming 1% for the initial capital :) cheers!
win rate + RR is very helpful also! 50% WR = 1/1RR +. 35%WR = 1/2RR + :)
Great video, based in my experience this is so accurate. Thanks for you time making this video.
Awesome work, Hannah! I'm actually shocked that people are trading leveraged instruments without understanding risk management, correct lot sizing, etc.
Very true , risk management it's what gonna keep us in the game for the long term.
Hannah do you day trade or you swing? I'm a learning trader and I'm honestly confused on what type of trading I should primary focus on learning and mastering.
Thank You For The Reminder. Great Video.
I have just started trading and this video is very informative. Thanks
Thank you Hannah for sharing your knowledge, God's blessings, more wins I pray. Cheers!
Wow. Learning a lot from your videos. Thanks for the content!!!
This had been a major struggle for me. Thanks for this video hannah
You got this!!
I developed a hedging EA. My strategy involves 5-10 % gains and withdrawing these gains. there may be some drawdowns but the risk management makes sure that it remains a small percentage of the account. Rinse and repeat. I have consistent results with these strategy.
Your videos are so helpful. I like your page so much.
Does account leverage change anything with using this ? Does it make a difference if you have 1:500 or a 1:20 account leverage?
Thanks hannah. I have learnt alot from you from watching your video. I love you
Hannah, thank you for sharing this. When trading things that are not listed on myfxbook, such as XBT, nas100, xau, etc, is there a standard formula that you may know of so I may put in the proper risk in my trades?
Learnt something from this video,Lots size calculator.
Hi Hannah, first of all thanks for the awesome videos and for letting us see your journey as a trader.
I have a question though, when you say you don't risk more than 1% per trade, does that mean that you don't put in more than 1% in a poisition or that if you get stopped out you lose 1%?
Thanks again
Solid information per usual! Thanks Hannah! 🙏🏽
What institution/course/mentor did you use to learn how to trade forex? Also great vid! Keep up the good work!
This was really helpful. Thanks 👌🏾
Watched all your videos. So nice. Thanks. God bless you.
alot of people ask what lot size because for most of us we have never had to deal with lots, we simply trade dollar figures however since prop firms etc lend money and then their brokers trade lots, most of us have no idea what lot sizes to trade. trading lots may be common in the UK but aroung the rest of the world it kinda isn't.
One of the very best advantages of forex trading is the near infinite granularity of trade size. Calcs show you need to trade 0.21 lots? No problem, no need to round trade size.
Great Content Hannah. I appreciate this insight.
"And that's really going to F with your emotions" lol didn't expect that out of you 😂
It was soo sexy tho...i had to rewind it...lol
Maam which broker u use help me , cristal clear explanation for beginners. Fan from India 😊
Hi Hannah..which investment platform you investing in so i can go have a look at it.
Great video I like how you explain things so easy to understand. Can you do a video on spreads?
i only risk 2% per trade it depends in the capital you have as well.
Hi Hanna, thank you for sharing your trading anecdotes, thankful. I had a query if I can't overcome 10% of the first challenge, I understand that they give us a second chance if we don't break any rules in FTMO, but is it just 1 more chance? or is there more chance?
I love this channel😥❤️. Great content Hannah
thanks a lot dude :D
Excellent video again Hannah!
Hello Hannah, I would like to ask, can I purchase the FTMO challange. Cause I'm Malaysian. I mean can FTMO use in such my country ?
what im confused about is how can you calculate your lot size before you enter a trade... how do you know what price to put for entry price on the calculator while at the same time entering the trade?
Hey Hannah, do you take partial profits?
Such a great video for beginners!🙌
hello Hanna, please could you advice which lot size calculator you use yourself ???????
advice for someone starting out with $10 . What lot size is recommended?
Thank you Hannah ,this is great information
Hey Hannah
Good content. I like it. About risk managment and ftmo here are my thought. Is it not better to calculate your 1% Risk for example and your Position size with the Max of 10% that you can loose because you never cant use the full account.
Example.
100.000
10% max Loss 10.000
Risk managment on the 10K . The reason is if you lost 3 or 5 time is a row you could Hit your max daily Loss or max Loss realy fast. Hope you understand what I mean😎 and keep going with your content.
Valuable lesson thanks Hannah.
Hannah Thanks for your free teaching channel
Any time! :)
Thank you Hannah!
Created by Navin Prithyani from Urban Forex, love it.
So you’re saying, we should have a fixed risk rate, but what if we want to enter and our fixed risk rate is 1% but that 1% is too big considering the trade we want to make. Surely we can’t make it 0.5% depending on the trade.
Hi Hannah, you was showing in some video software for trading, which you could have mixed accounts.. Could you tell me the name of that software please? Thyyy 🎉❤
@Cynthia Kelly ????
Hi Hannah Can you share some tips on growing a small account.
hey there hannah i hope youre doing great my question is i took a 10k fund challenge and the draw down is 10% but doesnt that mean it takes me to lose 10 trades to blow my account if im risking 1 % im really confuse could you please help me
With proper risk management any strategy is profitable. Another important point is your risk to reward ratio and only trade with at least a 1:2. This means you risk $1 to earn at least $2.
Love the content. Is the a way to do same to measure indices risk?
Hi Hannah..
Ive watch most of ur video and follow u in IG.
Ive started on demo. This is the 3rd day.
Whats ur advise n how long must i be on the demo before i start the challenge..?
Experience and a good amount of capital is required basically, to make that kind of profit and I most cases guidance from a professional broker.
First of don’t let indecision ruin you. I’ve worked with many self acclaimed PROs but Christain Richardson’s Strategies are based on clear and logical thinking and patterns that can be repeated, adjusted and even tweaked. Risk management is literally everthing, I’ll leave his number here you can call
If you trained yourself successfully and you were risking 3% each trade. Even if u build the account up stay with the 3%..that uniformity calms emotions
Do you only ever have one trade running at a time as well?
Is the contract size the leverage ?
Do u account in for spread and charges from ftmo when you do your risk management I use babypips calc and I always end up going 25% over the 1% near enough everytime
Lovely video thanks
Thank you soooooo much, you are the best 👌
If i have a 1:100 leverage relative to a 1:10 leverage how would this affect my position?
>> If i have a 1:100 leverage relative to a 1:10 leverage how would this affect my position?
Why do u use a VPN. Does it have any good outcome for trading. Thanks
Privacy and protection 😎 not just with trading, but banking, browsing, streaming etc
Great video wish i learnt at the start!
Is lot size independent of leverage used(while using risk management)?
Do those app cover indices and commodities including oil Hannah? Thanks
Thank you so much for such a valuable information
Glad it was helpful!
Great advice.
Great vid Hannah keep em coming.
Thank you! Will do! ;)
Stinu definitely GOATD
I hope every single newbie trader sees this video.
im in my first month in trading. and yes, i did blow up my account in the first 3 trades. i underestimated trading. it's more technical than i thought.
Your hope has come true😂👌🏾
Great content as always 🔥
Appreciate it!
Major key alert! Shout out to Urban Forex for the Stinu App!
Hello, do you adjust your SL to breakeven when it moves in your favor? Thanks
Nice video Hannah 🤑🤑🤑
Really helpful for traders...
Glad it was helpful!
.. Great explanation, thank you ...