right now i am using high leverage in demo account to see the performance how it works , this approach is really good to avoid risk and losses in real account.
Forex can be a great part of trading if you have all inevitable parts of trading , so traders should choose the right trading instruments first of all.
Risk management strategy is an attempt to minimizing trading risk like lowering leverage, trading in low spread-consuming pairs and using flexible spread etc.
Risk management refers to a set of techniques that are used to minimize the risk level. For example, using small leverage and spread, avoiding gambling etc.
Having courage in trading is very important because Forex won’t give you good times all time. There will be both profit and losses and brave traders can sustain them.
To ensure triumph, you have to sweat a lot. Earn knowledge first by watching videos and apply those obtained knowledge on demo account. Rectify your wrong approaches of trading to become profitable ultimately.
Risk management in forex involves strategies to mitigate potential losses. This includes setting stop-loss orders to limit losses on individual trades, diversifying your portfolio to spread risk, using proper position sizing to control exposure, and avoiding over-leveraging. Additionally, staying informed about market news and events helps assess and manage risks effectively.