Candlestick Patterns Reference
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Manage your risks guys
Risk management is the process of identifying possible risks, problems or disasters before they happen. This allows business owners to set up procedures to avoid the risk, minimize its impact, or at the very least help cope with its impact. Forex risk management is one of the most, if not the most, important topics when it comes to trading.
Here are our top Forex risk management tips, which will help you reduce your risk regardless of whether you are a new trader or a professional:
Educate yourself about Forex risk and trading
Use a stop loss
Use a take profit to secure your profits
Do not risk more than you can afford to lose
Limit your use of leverage
Have realistic profit expectations
Have a Forex trading plan
Prepare for the worst
Control your emotions
Diversify your Forex portfolio
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Stop wasting your time!
Use currency exchange rates to try to profit from trading foreign currencies.
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