Is your stop loss higher than profit take?

[Principio Mazzanti]

Stop loss is essential in forex trading. It reduces loss and safe from any kind of unexpected event in the market. It is better to follow a minimum 1:1 risk-reward ratio. It is a money management strategy. That’s means you should not place your SL is lower than TP. Without proper risk and money management, you will never survive in the market long. I learned risk and money management from Eurotrader educational resources.

[Claude Hawkins]

The trading platform is a big thing to make the trading life comfortable. Because there are different types of brokers and from broker to broker their platforms are differs. From among broker I select TP Global FX as because they are well- experienced and secured broker in this industry. They allow various types of platform such as – desktop, web- based, mobile base and MT4 trading platform. I am using their MT4 trading platform.

[Ranatunga]

Trading requires a lot of knowledge. It is not possible to make a profit without trading knowledge. There must be a loss in trading and we have to learn from this loss. I practiced the demo for 6 months when I joined the trading as a new trader and during this demo practice, I did a lot of research on trading. I used the demo account of Forex4you at first to know the basics, Still, now I am trading under this broker.

[Sharon Smith]

Traders have to pass much time with the market to get rid of this fear. A good understanding of the market helps generate accurate signals. Eurotrader provides a free educational program and a demo account to educate their traders.

[Rumi pishua]

It depends on the target but majority of the time, I try to use tighter stop loss. My profit expectation isn’t big and so I avoid volatility by trading in non-volatile currency pairs. It will keep you on the safe side against crashes because sometimes a single crash can drive them away from the market. In this situation, trading in non-volatile pairs can be a solution to stay out of risk. With FXOpulence broker, you can smoothly trade even during market volatility.