Risk management
Dec 28, 2023 at 17:48
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Member Since Dec 28, 2023
2 posts
Dec 28, 2023 at 17:48
Forex risk management comprises individual actions that allow traders to protect against the downside of a trade. More risk means higher chance of sizeable returns – but also a greater chance of significant losses. Therefore, being able to manage the levels of risk to minimize loss, while maximizing gains, is a key skill for any trader to have.
How does a trader do this? Risk management can include establishing the correct position size, setting stop losses, and controlling emotions when entering and exiting positions. Implemented well, these measures can prove to be the difference between profitable trading and losing it all.
Honest makes us strong
Member Since May 22, 2017
85 posts
Dec 29, 2023 at 18:09
Binmansoorfx posted:Focus on managing risk and discover how you handle it.
Forex risk management comprises individual actions that allow traders to protect against the downside of a trade. More risk means higher chance of sizeable returns – but also a greater chance of significant losses. Therefore, being able to manage the levels of risk to minimize loss, while maximizing gains, is a key skill for any trader to have.
How does a trader do this? Risk management can include establishing the correct position size, setting stop losses, and controlling emotions when entering and exiting positions. Implemented well, these measures can prove to be the difference between profitable trading and losing it all.
There are some traders that are risk averse and some others are the exact opposite.
Learn which one are you and figure out how to use it on your favor.
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