Most of the traders don’t succeed because they fail to realise that their number 1 priority is not to make money but to protect their funds. Money and risk management is the key to survival in the forex market. A trader should not shy away from using different tools and tactics for risk management. Also, the lot sizes should be according to the trading capital invested.If a trader feels that the trade is not going to what they have expected, it’s better to come out of it without letting the losses get over their heads.
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