I saw lots of professional traders say use risk management %. but i have doubt which value we should use for calculate it.
1. Calculate using equity
2. Calculate using balance
3. Calculate using deposited amount
4. Calculate using investment amount (Ex - I hope to invest $5K but i only deposit $500 due to safety money - so is that OK to calculate risk using $5K)
any ideas for this, i trade with weekly pivot so open only one trade per one currency pair per week and close trade on end of Friday.
1. Calculate using equity
2. Calculate using balance
3. Calculate using deposited amount
4. Calculate using investment amount (Ex - I hope to invest $5K but i only deposit $500 due to safety money - so is that OK to calculate risk using $5K)
any ideas for this, i trade with weekly pivot so open only one trade per one currency pair per week and close trade on end of Friday.
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