Manage Risk and Minimize Losses

In Forex trading, loses come with the territory, for that reason, a learner must trade small, by trading in small amounts, you are able to minimize and manage your risks. Your goal as a new trader should be: To be able make back to back wining trades with little or no loses. This would be exceptionally useful if you decide to move into larger trades. To clarify, ‘minimizing risks’ and not taking risks are two different notions; take calculated smart risks and not foolish ones. Once you have a well refined strategy, you should be able to assess whether or not ‘a risk’ is worth taking. Risk is part of the trade; you have to take it. A good risk is well thought out; a bad risk is without thought.

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