Forex is risky if you don’t know what you are doing. Most amateur Forex traders don’t understand how to calculate and manage risk successfully and trade too much money. Rather than risking a maximum of 1% per trade, they end up risking as much as 100% of their capital and wonder why they can’t make money.
Posts Tagged ‘Risk Calculator’
LTG GoldRock on Stop-Loss Orders
You will not get your decision correct every time trading Forex and you must limit your loss by using a stop loss order on all trades you place. You also need to be able to calculate 1% to 2% risk with a Forex risk calculator to ensure that when your account is trading a base currency that is not the same base currency as your account you are able to still maintain your risk management, and preserve capital on losing trades. This is something LTG GoldRock emphasizes for all traders.