Risk management techniques
Topic: Risk management techniques
Whiletrading in decentralized market like forex market we have to keep in mind that there is no specific regulatory authority to ensure regulations. So it is responsibility of a forex trader to properly manage his risk factors while trading in this global platform. Various risk management tools like stop loss, trail stop, take profit, etc. can be used to minimize unwanted risks and to ensure good profit. Thereby my broker ForexChief is always trying to provide me slippage and re-quote free trade executions so that all my SL or TP orders are executed just by time.