CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click here to read full risk warning

In forex trading, there are several ways that traders can calculate risk tolerance and limit losses.

Stop-loss orders, trading on leverage, and using indicators—such as inside and outside bars and double top/bottom chart patterns—are just a few examples of how the best traders maximize profits and spot key trading opportunities.

The problem, however, is that most forex traders don’t know how to use these tools and strategies.

In this guide, we break down the fundamentals of risk management and explain how goal setting, leverage, and certain types of strategies and tools can help steer your overall trading strategy, allowing you to limit losses, calculate risk, and spot key opportunities.

Get the eBook now to learn:

  • Tools and strategies you can use to limit losses and maximize profits
  • How leverage is used to manage risk
  • The importance of setting long-term and short-term goals, and examples of each
  • The importance of diversifying your portfolio

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