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General questions How do I manage risk when I trade currencies?
avatar Robertpat
Question by: Robertpat - 02 Jun 2014, 06:15:48
How do I manage risk when I trade currencies?
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<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
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Answers (1)
avatar user 4265
Answer by: Ladymama - 14 Jan 2015, 03:01:36

The most common risk management tools in Forex trading are the limit order and the stop loss order. A limit order places a restriction on the maximum price to be paid or the minimum price to be received when opening a position. A stop loss order requests for a particular position to be automatically liquidated at the market price, should the price reach a predetermined level, in order to limit potential losses should the market move against an trader’s position.

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