Marinosa
New Member
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