Explain Briefly Risk Management Strategy - Management Assignment Help

Assignment Task:

Task:

Questions:
Referring to the previous currency pairs that you chose in question (a) and with USD1,000,000 available for you to trade. You are only allowed to buy/sell between 16/3/2021 to 18/3/2021. Your trading positions must be closed out by 5pm (Malaysian Time) 18/3/2021. You need to use the currency pairs you choose in question (a). As a trader looking to open a new position, you will likely use either an instant execution or pending order. Knowing what times the major currency market are open will aid in choosing the above currency pairs. Your objective is to maximise your profits.

Required:
i) Explain briefly your risk management strategy in term of how much you should trade (i.e. risk per trade) and stop loss. (16 Marks)
ii) Justify and explain your forex trading strategy to determine whether to buy or sell a currency pair at any given time. Your trading strategy will involve the manual method, which involves looking at charting tools made available through the software for signals and interpreting whether to buy or sell. Your entry or exit strategy can based on candlestick patterns, trend analysis, pattern analysis support and resistance line and volume and volatility indicators. (32 Marks)
iii) Print your chart (timeframe M1) for the period 16 March to 18 March 2021. (12 Marks)
iv) Print your Account History for the period 16/3/2021 to 18/3/2021. (10 Marks)

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