Correct, and you have to also determine, under what conditions.. again.. the same though process.Tailoring your trading strategy to your personal risk tolerance is essential. It's like having a custom-fit suit—it just works better. The inclusion of trailing stops is particularly savvy, as it allows profits to run while safeguarding gains.
I think an effective way to handle risks in forex trading is to set stop-loss to limit your losses and use leverage wisely. Diversify your trades and stay alert to market changes to adjust your approach accordingly.What are some effective strategies for managing risk in Forex trading?