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Bro... the only risk management you need is risking 0.75% per a trade making sure they are 5:1 RR and using a strategy thats performs 51% win ratio and trade as close to the markets turning point
Support and resistance is great way to start but the key is to find major support and resistance use trendlines and Fibonacci retracement levels you can find most help youtube i recommend checking out connectmycurrency on youtube for this
Risk Management is good... but do you know whats better? Getting as close to the turning point of a market risking no more than 0.75% per trade with scope to make 5:1 back.
The best traders I know have spent at least 8-10 years learning and making mistakes before becoming a highly profitable trader! But most of those years now can be saved by 1-Having a profitable system above 51% with ultra low drawdown thats quantifiable 2- Using a Risk Model that has 5:1 RR...