TIP: Get a piece of the pie while it’s still warmThe market is continuously offering opportunities to take risks and make a profit. Your goal should be to get as much of the profit as you can and to limit the risk. We’ve already learned how to limit the risk, so now we’ll look at …
TIP: Limit the risk How often do you happen to open a position and it makes 10 or 15 pips in your direction and then returns to your stop? In fact, one of the first rules we need to learn is trying to limit the losses. There is nothing wrong with them. This is the cost to do business, but we can …
Rule Number 3:Do the math We often go into a position and then close it, looking for reasons not to be right. In fact, this is a normal defense response of our brain trying to protect us from loss. To calm down these impulses, we need to make a formula that we will apply to …
You need to decide when to trade to reduce the concern that you will miss a deal. Unfortunately, there is no way we can get into every trade because we are not standing in front of the screens constantly. To do this, select one or two periods in the day where you can cast your …
You have to determine what you want from the market and what you are willing to risk to achieve it. First of all, you have to determine the risk you are willing to take in a trade. Whether it will be 0.5% or 2% is entirely your decision, but it’s important to stick to it …
Risk Associated with Forex Trading Off-exchange foreign currency trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with off-exchange foreign currency trading and seek advice from an independent financial advisor if you have any doubts.
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