Utilize stop-loss orders, proper position sizing, and diversification strategies to reduce losses and safeguard profits.
Implement stop-loss orders to limit losses and preserve capital when facing market movements. Stay disciplined and avoid impulsive decisions.
Critical factors to consider when selecting a forex broker, including regulatory oversight by reputable financial authorities.
Understanding base and quote currencies in currency pairs, such as EUR/USD, and how exchange rates are quoted.
Maintain focus on trading objectives and employ risk management practices, including the use of stop-loss orders for capital protection.
Updated on: 2024-08-27 20:59:30