Forex Risk Management

Forex Risk Management! The Forex market should be approached with a clear head, and Forex risk management should be a predominant idea in any Forex trader, novice or expert. Know your limits You know how much money you have. You know how much money you can afford to lose. Although even the average Forex trader believes he will make money trading the market, there will be times of a slump. Everyone goes through it. Athletes go through it; why wouldn’t a Forex trader go through it? One of the critical factors in Forex risk management is to be able, financially, to get through one of these slumps until things start going your way again. Doubling down or trying to play catch-up in…