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How can I manage risk in Forex trading?
Answered By Editor
Stop-loss order and and the limit order are
the best risk management tools you can use to
prevent huge losses in Forex Trading. A limit
order sets a ceiling for a maximum price to
be paid for a currency and a minimum price to
be given in an exchange.
A stop-loss order in the other hand,
automatically liquidates a set position at a
predetermined price in case a move by the
market goes against an investors position.
keywords: Currency | Currency Exchange | Currency Trading | Foreign Currency | Forex | Foreign Exchange | Forex Trading
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