{"id":38013,"date":"2026-09-08T07:21:07","date_gmt":"2026-09-08T07:21:07","guid":{"rendered":"https:\/\/www.wisuno.com\/uk\/?page_id=38013"},"modified":"2026-09-08T07:25:09","modified_gmt":"2026-09-08T07:25:09","slug":"risk-and-discipline","status":"publish","type":"page","link":"https:\/\/www.wisuno.com\/uk\/learn\/risk-and-discipline\/","title":{"rendered":"Risk management and discipline"},"content":{"rendered":"\n<div id=\"wsa\">\n<div class=\"riskstrip\">Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources.<\/div>\n<nav class=\"subnav\" aria-label=\"Academy sections\"><div class=\"subnav-in\"><div class=\"brand\">Wisuno <span>Academy<\/span><\/div><a href=\"\/uk\/learn\/\">Learn<\/a><a class=\"is-active\" href=\"\/uk\/learn\/courses\/\">Courses<\/a><span class=\"soon\">Intermediate<\/span><span class=\"soon\">Advanced<\/span><a href=\"\/uk\/academy\/editorial-standards\/\">Editorial standards<\/a><\/div><\/nav>\n<header class=\"hero\"><div class=\"wrap\"><div class=\"hero-in\">\n<p class=\"eyebrow\">Course 4 of 5 \u00b7 Beginner \u00b7 14 min<\/p>\n<h1>Risk management and discipline<\/h1>\n<p>The arithmetic that turns a stop distance into a lot size, and the decisions that undo it once a position is open.<\/p>\n<div class=\"cta-row\"><a class=\"btn\" href=\"\/uk\/academy\/risk-management-position-sizing\/\">Start course<\/a>\n<a class=\"btn btn--ghost\" href=\"\/uk\/learn\/courses\/\">All courses<\/a><\/div>\n<\/div><\/div><\/header>\n\n<section class=\"band\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Course overview<\/h2><\/div>\n<div class=\"ov\">\n<div class=\"ov-desc\"><p class=\"ov-label\">Description<\/p><p>This is the most useful course in the track, and the one most people skip. Risk management is not an attitude \u2014 it is a number you work out before opening a position: the amount this trade can take from your account if it goes wrong.<\/p><p>We work the position-sizing formula step by step, including the case where the answer comes out smaller than the minimum your account allows, which is the formula telling you something real.<\/p><p>The second half covers what happens to that plan under pressure: moving a stop, closing early, adding to a loser, and increasing size to win a loss back.<\/p><\/div>\n<div class=\"ov-meta\">\n<div><p class=\"ov-label\">Time<\/p><div class=\"ov-val\">14 min<\/div><\/div>\n<div><p class=\"ov-label\">Level<\/p><div class=\"ov-val\"><span class=\"lvl lvl--1\"><i><\/i><i><\/i><i><\/i><\/span> Beginner<\/div><\/div>\n<div><p class=\"ov-label\">What is in it<\/p><ul class=\"benefits\">\n<li>Short lessons, one idea each<\/li>\n<li>Worked examples with real instruments and real costs<\/li>\n<li>Every figure shown as a cost, never as a projected gain<\/li>\n<li>A quiz at the end to check what stuck<\/li>\n<li>Free, with no account required<\/li>\n<\/ul><\/div>\n<\/div><\/div><\/div><\/section>\n\n<section class=\"band band--soft\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Lessons<\/h2><\/div>\n<div class=\"lessons\"><a class=\"lrow\" href=\"\/uk\/academy\/risk-management-position-sizing\/\"><span class=\"lrow-n\">1<\/span><span class=\"lrow-t\">Risk Management: Position Sizing and the 1% Rule<\/span><span class=\"lrow-m\">9 min<\/span><\/a><a class=\"lrow\" href=\"\/uk\/academy\/trading-psychology\/\"><span class=\"lrow-n\">2<\/span><span class=\"lrow-t\">Trading Psychology: Discipline Over Impulse<\/span><span class=\"lrow-m\">5 min<\/span><\/a><div class=\"lrow lrow--quiz\"><span class=\"lrow-n\">?<\/span><span class=\"lrow-t\">Quiz<\/span><span class=\"lrow-m\">3 questions<\/span><\/div><\/div>\n<\/div><\/section>\n\n<section class=\"band\"><div class=\"wrap narrow example\">\n<div class=\"sec-head\"><h2>Example lesson: sizing a trade on a $2,000 account<\/h2><\/div>\n<p>Under a 1% rule this trade may cost at most $20. You want to buy EUR\/USD at 1.0800, and the level that would show the idea has failed sits at 1.0770 \u2014 a 30-pip stop.<\/p><p>A 30-pip stop on 1.00 lot costs $300, so $20 \u00f7 $300 gives 0.0667 lots. Round down to 0.06. Always down: rounding up puts you over your own limit.<\/p>\n<p class=\"pull\">The stop distance sets the size. The size never sets the stop.<\/p>\n<div class=\"figure\"><table><caption>A stop twice as wide gives a position roughly half the size, and the cost of being wrong stays where you put it.<\/caption><thead><tr><th>The same $20 risk, two stop distances<\/th><th><\/th><\/tr><\/thead><tbody><tr><td>30-pip stop<\/td><td>0.06 lots<\/td><\/tr><tr><td>60-pip stop<\/td><td>0.03 lots<\/td><\/tr><tr><td>Cost if hit, either way<\/td><td>about $18\u2013$20<\/td><\/tr><\/tbody><\/table><\/div>\n<\/div><\/section>\n\n<section class=\"band band--tint\"><div class=\"wrap narrow\">\n<div class=\"sec-head\"><h2>Check your understanding<\/h2><p>3 questions. Nothing is recorded and nothing is sent anywhere \u2014 the answers are checked in your browser.<\/p><\/div>\n<ol class=\"quiz\" id=\"q4\"><li class=\"qq\" data-a=\"1\"><p class=\"qt\">Your stop needs to sit further away than planned. What changes?<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q4_0\" value=\"0\"> The risk per trade goes up<\/label><label><input type=\"radio\" name=\"q4_0\" value=\"1\"> The position size comes down<\/label><label><input type=\"radio\" name=\"q4_0\" value=\"2\"> The stop moves closer instead<\/label><label><input type=\"radio\" name=\"q4_0\" value=\"3\"> Nothing \u2014 keep the same size<\/label><\/div><p class=\"qf\" hidden>Risk in money stays fixed. A wider stop means a smaller position, so the cost of being wrong is unchanged.<\/p><\/li><li class=\"qq\" data-a=\"1\"><p class=\"qt\">The formula returns 0.003 lots, below your 0.01 minimum. What is it telling you?<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q4_1\" value=\"0\"> Round up to 0.01<\/label><label><input type=\"radio\" name=\"q4_1\" value=\"1\"> For that stop distance, the account is too small to trade at 1%<\/label><label><input type=\"radio\" name=\"q4_1\" value=\"2\"> Use higher leverage<\/label><label><input type=\"radio\" name=\"q4_1\" value=\"3\"> Halve the stop distance<\/label><\/div><p class=\"qf\" hidden>Rounding up would triple the intended risk. The options are a closer stop if the chart supports one, a smaller pip value, or no trade.<\/p><\/li><li class=\"qq\" data-a=\"1\"><p class=\"qt\">Increasing position size to win back three losses is\u2026<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q4_2\" value=\"0\"> A standard recovery method<\/label><label><input type=\"radio\" name=\"q4_2\" value=\"1\"> Gambling-like behaviour with no natural end<\/label><label><input type=\"radio\" name=\"q4_2\" value=\"2\"> Fine if the setup is strong<\/label><label><input type=\"radio\" name=\"q4_2\" value=\"3\"> Only risky above 1.00 lots<\/label><\/div><p class=\"qf\" hidden>Each step needs the next to be larger still. The size rose because of how the losses felt, not because the chart changed.<\/p><\/li><\/ol>\n<div class=\"cta-row\" style=\"margin-top:26px\"><button class=\"btn\" type=\"button\" data-quiz=\"q4\">Check answers<\/button><\/div>\n<p class=\"qscore\" id=\"q4_s\" hidden><\/p>\n<\/div><\/section>\n\n<section class=\"band band--ink\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Practise it before it costs anything<\/h2>\n<p>A demo account runs the same platform on the same live prices, with nothing at stake.<\/p><\/div>\n<div class=\"cta-row\"><a class=\"btn\" href=\"\/uk\/demo-trading-account\/\">Open a demo account<\/a><\/div>\n<\/div><\/section>\n<footer class=\"wrap\"><div class=\"disclosure\"><ul class=\"licences\"><li>CMA \u00b7 United Arab Emirates<\/li><li>FSC \u00b7 Mauritius<\/li><li>CySEC \u00b7 Cyprus<\/li><li>FSA \u00b7 Seychelles<\/li><\/ul><p><strong>Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors.<\/strong> Past performance is not indicative of future results. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources.<\/p><p>The Wisuno Academy is educational. Nothing in it is investment advice, a recommendation, or an opinion on whether trading suits you. Written and reviewed by the Wisuno research desk \u2014 <a href=\"\/uk\/academy\/editorial-standards\/\">editorial standards<\/a>.<\/p><\/div><\/footer>\n<\/div>\n<script>\ndocument.addEventListener('click',function(e){\n var b=e.target.closest('[data-quiz]'); if(!b) return;\n var box=document.getElementById(b.getAttribute('data-quiz')); if(!box) return;\n var qs=box.querySelectorAll('.qq'), right=0;\n qs.forEach(function(q){\n  var sel=q.querySelector('input:checked');\n  var ok=sel&&sel.value===q.getAttribute('data-a');\n  q.classList.remove('is-right','is-wrong');\n  q.classList.add(ok?'is-right':'is-wrong');\n  q.querySelector('.qf').hidden=false;\n  if(ok)right++;\n });\n var s=document.getElementById(b.getAttribute('data-quiz')+'_s');\n if(s){s.hidden=false;s.textContent=right+' of '+qs.length+' correct.';}\n},false);\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources. Wisuno Academy LearnCoursesIntermediateAdvancedEditorial standards Course 4 of 5 \u00b7 Beginner \u00b7 14 min Risk management and discipline The arithmetic that [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":37999,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-38013","page","type-page","status-publish","hentry"],"lang":"en","translations":{"en":38013},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/comments?post=38013"}],"version-history":[{"count":1,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38013\/revisions"}],"predecessor-version":[{"id":38014,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38013\/revisions\/38014"}],"up":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/37999"}],"wp:attachment":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/media?parent=38013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}