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Old 04-07-2018, 11:12
chin100 chin100 is offline
Level IV Lasers Member
 
Join Date: Feb 2014
Posts: 188
Default Re: money management

Forex trading is all about achieving more profits than losses. However, no trader can claim that they have never experienced losses. What is important is to restrict your losses with a stop-loss order, and not to lose more than you predefined before opening the trade. If a trade isn't going your way, you should not wait for the trade to change direction to try and minimise the loss. This is very risky and you may end up losing your whole trading capital. Use a stop-loss and if it's triggered, be confident to face the loss, analyse what happened and continue trading.
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