Posts Tagged ‘Stop-Loss Orders’

LTG GoldRock on Stop-Loss Orders

Posted on: March 1st, 2010 by FX LTG Blogger

Use A Forex Risk CalculatorYou 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.

LTG GoldRock’s view on using a risk calculator is simple: If you do not have or are not provided with a Forex risk calculator do not trade Forex as you will not know how to manage risk appropriately.