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Forex
Forex: Avoiding losses
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[QUOTE="King bell, post: 331261, member: 75687"] To keep from losing money in forex trading, use these pro tips: 1. Make a detailed plan for trading: To do well, you need a clear plan that says what your goals are, how much risk you can take, and what methods you'll use. This will guide you to smart choices and stop spur-of-the-moment moves that could lead to losing money. 2. Use stop-loss orders: These tools help you manage risk by letting you set a cap on how much money you might lose. With stop-loss orders, you can handle your risk better and stay safe from sudden price changes that you didn't see coming. 3. Watch out for leverage: Forex trading lets you borrow a lot, which can increase your profits but also make your losses bigger. Be smart with leverage and fully get what it means before you trade. [/QUOTE]
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Forex: Avoiding losses
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