Author: Compare Forex Brokers, Partner
If you don’t use risk management tools to protect your investments when forex trading, there is every chance your next trade could be your last. This statement is especially true if you are an inexperienced or beginner trader. While the forex market is the most liquid of all financial markets – meaning forex movements tend to be small – occasionally an event can occur which can see dramatic changes in forex prices. This can result in significant losses to your finances and can be crippling if you are trading with leverage. For this reason, it is wise to use a stop loss…