Hi there, can someone please take a quick glance at this, and tell me if this is a solid risk management plan to start with? I will modify it as time goes on, and my trading habbits change, but for now this is the basic guidelines I have set up.
Starting Balance: $5000.00
Risk Tollerance %: 5%
MAX stop loss: 50 pips
PiPs per week goal: 80 Pips
MAX std lots per trade: 100
Anything I should change, or Add?
Thanks, really appreciate it!
What pairs do you plan to trade?