Risk management is one of the main factors you should keep in mind while trading. It’s very important to manage your forex risk is to never trade money that you can't afford to lose. Many forex traders are just anxious to get right into trading with no regard for their total account size. While trading forex you should keep in mind:
Trading with leverage can be a profitable way to stretch your capital. But these advantages also have the potential risk, as the losses can also be greater than the total margin held. Both ways the upside or the downside can be significant. The best traders always take steps to use leverage wisely with stop loss & limit orders.
It is always better to keep in mind all the times that you might face some significant losses while trading on margin with the sudden upward or downward moves of the market.You could lose your account in short time.
At CLIQ FX we believe in your success. Hence we want you to realize the potential of leverage without exposing yourself to the risks.
Leverage = 1 : 500
One should not miss the best opportunities while focusing on thousands of markets across the globe. Lack of interest can lead you towards higher risks. It is therefore recommended to consider a trading strategy, which includes a narrowed focus on few markets to monitor for suitable volatility instead of looking at a broader picture.
You should create a limited watch list right away for the most liquid & volatile markets having tight spreads to start with EUR/USD, GBP/USD, USD/JPY.
It happens when your account falls below 50% of the initial margin. All the open positions will be immediately liquidated.