Risk management is essential to protect your investment from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
Protecting your investment in the forex market is crucial to long-term success. Without proper risk management strategies in place, you are leaving yourself vulnerable to significant losses that can wipe out your account. To safeguard your capital, it is essential to implement risk management techniques that limit your exposure to potential risks. One of the most effective ways to do this is by setting stop-loss orders on your trades. By defining the maximum amount you are willing to lose on a trade upfront, you can prevent emotions from clouding your judgment and protect yourself from catastrophic losses. In addition to setting stop-loss ...
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