What is Risk Management?
Forex is a very risky business if we want to make profit with this market so we must be manage risk.
Account Leverage should be 1:100 or 1:200.
Take risk not more then 5% of your account balance.
Do not open more then 1 trade at a time.
Do not trade every time.
Example:
If Your account balance is $1000 so you should open lot $1 per pip. do not open other trade till first trade did not executed.
How to set Leverage?
When you fill form of opening account there is the option of leverage that you can set.
Forex is a very risky business if we want to make profit with this market so we must be manage risk.
Account Leverage should be 1:100 or 1:200.
Take risk not more then 5% of your account balance.
Do not open more then 1 trade at a time.
Do not trade every time.
Example:
If Your account balance is $1000 so you should open lot $1 per pip. do not open other trade till first trade did not executed.
How to set Leverage?
When you fill form of opening account there is the option of leverage that you can set.