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Posted by Julius on Saturday July 9, 2011 at 12:34:57:

Trading forex naturally has its own inherent risks since the trader really has no monopoly of knowledge nor knows precisely how the market will react or for how long so for every position you enter when trading forex, there is always some risk but how high is your risk? The way you trade forex can as well increase the risk on your investment and may put you on the wrong path.

Controllable risks that you shoukld avoid:
- Trading without a stop loss
- Trading with high leverage
- Setting low target pips
- Trading with poor knowledge of Forex
- Trading with small funds
- Going stubbornly against the trend
- Staying in a loss position for unnecessarily a long time

So whatever you do, don't unnecessarily increase your risks. Trading forex can be great if you are moderate. Don't get greedy or ignorant.




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