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Forex
Risk management in the forex market
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[QUOTE="Domsimon, post: 92492, member: 30021"] Given the volatility in forex market, it becomes absolutely necessary to adopt or employ certain risk management strategies to escape or avoid unnecessary losses. Brokers have come up with quite a good number of risk management strategies to help traders in forex market. One of such is Take Profit (TP). It enables traders to explore opportunities especially when they are in gains. They can decide to stop the trade and take the profit from the trade. Another important one Stop Loss (SL). It is as important as Take Profit (SL). This tool enable traders to stop trade when they know the trade is not going in their favour. On the whole, forex trading without these management strategies is incomplete, especially for those traders with small capital base. [/QUOTE]
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