My first post here, so apologies if there is any mistake
Well after learning all basics via babypips and practicing MQL language in creation of EA, I'll say 5% is not a good idea. The problem we normally face is, "Quick rich", something that should be avoided and everyone whenever starts their career always swears by this statement. Unfortunately, after some time we break our oath and that is done through increasing "Risk per trade".
Trading works based on statistics that we create for ourselves when building our trading blueprints (trading style, method, mindset etc). Increasing risk disturbs the plan and then it may suffer or just reward since it enters into the field of gambling.
But whats funny is that even professional poker players in gambling manage their risk control to make something from that field.
Hope its helpful
Well after learning all basics via babypips and practicing MQL language in creation of EA, I'll say 5% is not a good idea. The problem we normally face is, "Quick rich", something that should be avoided and everyone whenever starts their career always swears by this statement. Unfortunately, after some time we break our oath and that is done through increasing "Risk per trade".
Trading works based on statistics that we create for ourselves when building our trading blueprints (trading style, method, mindset etc). Increasing risk disturbs the plan and then it may suffer or just reward since it enters into the field of gambling.
But whats funny is that even professional poker players in gambling manage their risk control to make something from that field.
Hope its helpful