New to the forum, quick question on position sizing for beginners?
Hey everyone, just joined. Been dabbling in the markets for about six months now, mainly focused on forex pairs like $EURUSD. I'm trying to get a handle on proper position sizing and risk management, especially with varying volatility. Do you guys adjust your per-trade risk (e.g., 1% of capital) dynamically based on ATR or something similar, or do you stick to a fixed percentage regardless of the setup? Feels like I'm leaving money on the table when I size down for what feels like a good setup, but also getting chopped when I don't.
Fixed percentage of capital per trade is usually a good starting point for beginners. Trying to dynamically adjust based on ATR can get complicated quickly, and it's easy to make mistakes that expose you to more risk than you intend.