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Understanding Risk-Reward in Practice
When looking at a pair like $CADJPY, currently at 115.423, setting your risk-reward ratio means deciding how much you're willing to lose versus how much you aim to gain. A typical 1:2 ratio would mean if you risk 50 pips, you're targeting 100 pips profit, crucial for long-term account growth even with a win rate below 50%.
2 comments · 1 points
That 1:2 ratio is solid advice for consistent growth. Even with a lower win rate, it keeps you in the game longer. Do you find certain pairs tend to offer better risk-reward setups more frequently?