1. Understand the Types of Risk โ ๏ธ โถ๏ธ ๐
๐ Market Risk: Prices move unpredictably.
๐ง Liquidity Risk: Can't exit a trade easily.
โ๏ธ Leverage Risk: Borrowed money increases both gains and losses.
๐ง Emotional Risk: Decisions based on fear or greed.$TRUMP
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2. Use Risk Management Tools ๐ ๏ธ
โ Stop-Loss Orders: Automatically exit a trade at a set loss level.
โ Take-Profit Orders: Lock in profit at a specific target.
๐ Risk-Reward Ratio: Only take trades where potential reward is 2x or more than the risk.
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3. Follow These Risk Control Rules ๐งท
๐ซ Never risk more than 1โ2% of your capital per trade.
๐ Diversify: Donโt put all your money in one stock or asset.
๐ Keep a trading journal to learn from your past mistakes.
๐ Set a daily or weekly loss limit.
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4. Control Your Emotions ๐ง
โ Avoid trading when angry, overly excited, or tired.
๐ Stick to a trading plan โ donโt chase the market.
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5. Keep Learning ๐
๐ Study technical and fundamental analysis.
๐จโ๐ซ Follow experienced traders (but donโt copy blindly).
๐ฐ Stay updated on market news and global events.
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6. Use Demo Accounts to Practice ๐ฎ
๐งช Test your strategies without real money first.