A lot of newbies often totally ignore this part of forex trading and I decided to start this thread to maybe remind a few newcomers to take a moment and think about risk management.
I use 3% per trade as I am confident in my trading strategy and it allows me to operate my forex account with the risk exposure I like. I do not have more than 5 positions open at the same time and while my max exposure could be 15% and is rather high I have been able to slowly increase this from my initial 1% and no more then 3 trades as I fine tuned my trading strategy and achieved consistent results.
I use between a 1-2% per trade. You have to respect the trading and the drawdowns. If not you’ll be left behind with no more money to trade if you use to much of capital in one trade.