Risk Control – Do not Trade The Forex Without It!

Risk Control – Do not Trade The Forex Without It!

If you are trading the forex markets without proper regard to managing your funds, I have bad news for you. You will, for sure, guarantee, lose all of your money, sooner if not later.

Because I was once a commodities broker, I witnessed first hand the reckless way that most people handle their money. In fact, I had the unique perspective of watching just how crazy people would get with their trading. Read this carefully: THE AVERAGE LIFE OF A CLIENT THAT WAS TRADING THEIR OWN ACCOUNT WAS ABOUT 3 MONTHS !!! 3 months and they were toast! And absolutely the most common, number one reason they got blown out was because of poor or non-existing money management.

I know this is a topic that most people turn their nose up at, and if that's your attitude, then good luck to you, you'll need it. But if you will treat trading in a business-like manner, you will increase your chances of survival astronomically.

The good news is that it is super easy to control risk if you trade the forex markets. That's because it is the largest, most liquid market there is, turning over in the neighborhood of $ 2 Trillion per day!

So let's look at a simple, yet very effective way of managing our precious capital. First, and I can not emphasize this enough, I would highly recommend that you never risk more than 1% of your account on any one trade. I did not just make this up. If you take a look at how all of the very top traders in the world handle their own accounts, you will see…

Source by Vic M Noble

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