Woodyz wrote: Thu Oct 27, 2022 1:02 pm Trading, systems & strategies risk factor comes down to your competency, confidence in your trading ability my friend nothing else at the end of the day.
My advice to newbies is do not trade more than you're willing to lose.
If your new & you're trading a real account, I suggest to only trade a very small lot size like .01 lots to start until you gain that competency, confidence in your trading ability.
When you start it should not be about making money but on building your ability to be profitable whatever your trading style. Once your confidence grows & you become profitable you increase the risk to whatever you're comfortable with & so on.
IMO Demos are a waste of your precious time because you will tend to be too flippant cut corners and not stick to the rules. With real money involved it will, no one likes to lose money.
Again, I understand your advice about being more confident and competent in your trading ability, and starting with very small lot sizes when you trade live for the first time.
I just wanted to know some very simple things about how stop losses are treated and how much risk is involved if there is more than one open trade (within the confines of the XU-Hybrid system).
That's all.