Trading 101: The Key to Success is a Solid Risk-Reward Ratio and Patience

Managing Risk to Maximize Reward in Trading

As a trader in Cheatcode , one of the most important concepts to understand is the relationship between risk and reward. In order to be successful, it's essential to have a clear understanding of how much potential profit you stand to make for every unit of risk that you take on.

One common measure of this relationship is the "risk-reward ratio," which i…