How to control your account risk
The number of dollars you have at risk should represent only a small portion of your total funds. Typically, the amount you risk should be below 2% of your account balance, and ideally below 1%.
For example, let’s say a forex trader places a 10-pip stop-loss order and trades 1 mini lot, which results in a risk of $10 for the trade if he/she trades $0.1 per lot. If risking 1%, that means they have risked 1/100 of their account. Therefore, how big should their account be if they are willing to risk $10 on a trade? You would calculate this as $10 x 100 = $1,000. To risk $10 on the trade, the trader should have at least $1,000 in their account to keep the risk to the account at a minimum.
This is the way to keep your account ALIVE.
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🌐 Today EU Parliament confirmed a very important definition of what qualifies as green or sustainable activities to boost the shift toward eco-friendly investments in EU.
🚫It was necessary to do so because of the small and big scale greenwashing activities across various businesses, when they represent themselves as socially responsible and eco-friendly but they are not. This definition will help to optimise the investments to actually meet the targets.
✅Talking about the targets, it is estimated that Europe needs around €260 billion per year in extra investment to achieve its 2030 climate and energy targets, which is a lot! But having in mind European Green Deal and dream of EU free of Carbon Emission by 2050 it might be achievable.
📌 To sum up, Parliament outlines six environmental objectives and allows economic activity to be labelled as environmentally sustainable if it contributes to at least one of the objectives without significantly harming any of the others.
Meet the objectives:
🌱 Climate change mitigation (avoiding/reducing greenhouse gas emissions or increasing greenhouse gas removal)
🌱 Climate change adaptation (reducing or preventing adverse impact on current or expected future climate, or the risks of such adverse impact)
🌱 Sustainable use and protection of water and marine resources
🌱 Transition to a circular economy (focusing on the reuse and recycling of resources)
🌱 Pollution prevention and control
🌱 Protection and restoration of biodiversity and ecosystems
💡So, can you call your business environmentally sustainable?
Why people don't succeed in life:
1. Delay they decision / Procrastination;
2. Inability to make decision;
3. Controlled/depended by emotions and moods;
5. Inability to follow-up to going forward;
To be Achiever:
1. Indestructible/unbreakable personality;
2. Unstoppable positive attitude;
3. Need to work with your team. Honor, respect people on your team;
4. Finish what you start.