Trading as a profession can be somehow tricky since tradersneed to adapt them as per the sudden changes in financial market. No matter which type market, a trader is dealing, except the bond market, all the remaining are highly volatile markets. But we maintain some things that can make trading a little easy: 1. Trading with smaller lots 2. Using stop loss, take profit and/or trailing stop
1. Trading with smaller lots Is right, the Money Management is one of the most important. I dont prefer martingale, increasing lot can be great with limitation, and whit cut losses.
2. Using stop loss, take profit and/or trailing stop Using Stop loss is not always work. At news, or at central bank intervention. And at this point is the Money Management most impotant. If you only risk 0.5% of your capital, a part of your account can survive. Except if you trade CFD with high leverage. If market open whit big gap, it can kill you.
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