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In Forex trading there are different types of risk management tools such as stop loss, take profit or trail stop etc. From broker to brokers the risk management tools differs. It is your choice to select the suitable broker like I have chosen Forex4you broker for my trading. To their entire clients they give advance risk management technology where a trader can use –stop loss, take profit or trail stop or others as per his choice.
Traders have their own choice of selecting their trading concept. If your choice is to depend on the lowest trading spreads facility then you must go with FXdirects. I have found them providing 0 pips lowest trading spreads. But I can also able to make a profit by applying another trading strategy with this broker. Because they have all types of trading elements and tools to support their broker. But I have found the lowest trading spreads is very helpful for profitable forex trading.
some of the existing facilities must be able to be considered well, so that traders can be better and more leverage in carrying out trading activities and generate maximum profits so they can have a great opportunity to become a trader of the month Tickmill.
To want to succeed in a forex business this is never an instant, where by reminding of the large risks that exist, we keep trying to learn and learn to run, and where traders can try plunging into a real account by utilizing one of the bonuses so that the experience and also our knowledge is getting even better
I was an intern at the same company. I traded there commodity futures. Risk management was monitored by the program. The program closed the position if the transaction risks were exceeded. Also, the program did not allow to trade if the risks for the day were exceeded. We were taught there scalping. In scalping stop loss put once, you need to respond quickly.
the use of SL and TP must indeed be able to be used properly, so that traders can be able to be better and be more maximal in carrying out trading activities that are in accordance with what was previously expected with Tickmill.
This forex business is something that we never run immediately, which reminds us of the large risks that exist, so we continue to strive to learn and learn so that we can understand how to trade forex profitably. And traders can try to use one of the demo account services for the stage where the learning process leads to success in its forex business
Existing funds and risks must indeed be able to be managed properly, so it is important for traders to be able to be better and be more maximal in generating profits according to what was previously expected.
Hatshepsut, you made a very good point. Thank you for sharing your experience. Indeed, there are programs which are executing automatically SL order when risk level reach allowed levels. With brokers a trader needs to set by himself these levels
placement of SL and TP positions must indeed be able to be considered well, this is needed so that traders can become more and more leverage in carrying out existing and better trading activities than before.