Top 10 Forex Risk Management Tips

[Marinosa]

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:

1. Educate yourself about Forex risk and trading
2. Use a stop loss
3. Use a take profit to secure your profits
4. Do not risk more than you can afford to lose
5. Limit your use of leverage
6. Have realistic profit expectations
7. Have a Forex trading plan
8. Prepare for the worst
9. Control your emotions
10. Diversify your Forex portfolio