Hello everybody, I am a new to Forex and in the middle of making my trading plan. I had a question about money managment specificly the 2% risk rule. I heard somewhere that half of your trades will be long term (Position) and half of them will be short. I want to know, does the 2% rule apply to only your short term trading and not position or the entire account. I am startinng with 500 and opening a micro account with oanda.
by the way…wonderful website you guys have here.