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Proper risk management
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[QUOTE="ShyCube, post: 282970, member: 89569"] Risk management is an integral part of forex trading, which if ignored may lead to huge losses. I have certain trading rules, which include: [LIST=1] [*]Always trade with the money I don’t need [*]Use stop loss order or limit order [*]Setting R:R ratio to a minimum of 1:2 [*]Trading only 1% of the total available margin [*]Not increasing the size of my positions after getting a few profitable trades [*]Using controlled leverage [/LIST] These are some of the points that I have always kept in mind since the beginning when I invested just $100 with fxview. Trading by the rules always helps in the long run as they did for me. I can say I’ve come a long way :) [/QUOTE]
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