3 Essential Tips When Using DueDEX Risk Manager – DueDEX
DueDEX Risk Manager has been launched for a week and has received great feedback from traders. At the same time, they have brought out the points that require further explanation. Here are some tips based on traders’ feedback.
It is easy to understand that the Risk Manager is designed to manage the risk of traders’ orders. The team recommends that the first step to limit the risk of an order is to properly choose the leverage. Therefore, only when the leverage of an order falls into a reasonable range will the Risk Manager continue with further risk management tasks.
The nature of Risk Manager is offering more details of order regarding Profit Rate, Loss Rate and Quantity of an order based on Stop Loss preference. It integrates complex calculations among lower and upper Target Price of an order and Account Balance. Therefore, the calculation will be affected by open positions. To use Risk Manager, please remember to close all your positions beforehand.
In the Stop Loss setting, the percentage means the maximum percentage that the trader can bear for this specific order. While in the Quantity section, the percentage refers to the loss of this order/total Account Balance. The recommended Quantity is based on these two percentage settings. Please make sure you understand the meaning of these two percentages when you use Risk Manager.
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Published at Fri, 07 Feb 2020 13:02:28 +0000
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