Right sir. The key is right using of money management. Only this thing that can make you safe in forex trade.any trader who trades want to be safe as well... the most important thing with which we can be safe while trading is :
we should trade with the smallest volume that we can have by leverage...
always keep the volume minimum as min you can for trading ...
you should have enough balnce to trade so that you can survive when the market move against you ..
I agree except the fact that you get "Welcome Bonus" only after depositing.Select the genuine Forex Brokers
Start your first trading with "Welcome Bonus" with no deposit.
Update the present market condition
Analyse the Forex Chart, before buy or sell
I agree, it is better to play safe than too risky. However, it's not always the best thing to do to trade with the lowest volume possible.Right sir. The key is right using of money management. Only this thing that can make you safe in forex trade.
So, let's learning this point first.
In some broker such as liteforex,insta,fxcm, and some others have been become my practices place. In real trade too of course..
What will be the profitability with such risks? Maybe it is better not to trade at all, but to put money in a bank at interest? Why do you need to deposit money that will not work? With a risk of 2%, you have about 80% of the deposit does not work, but lies with a useless load.In general experts recommend that small investors devote no more than a few percentage points of their overall portfolio to forex trading in order to limit any possible damage. What’s your way of safe trading?
Yes, stop loss is obvious tool here! But, till now knowledge (trading knowledge) is the key! Without having proper trading knowledge; risk management plan is not enough.Every trader endevours to trade safely, considering that forex trading is a very risky business. In my opinion, proper risk management is the best way to trade safely. You should always use a stop loss and a leverage that is not too high for your account. That is safe trading