Best Way to Preserve Your Account in Forex Trading?

[moonchild]

As a forex trader it's important to understand that the best thing you can do for your account is to actually preserve it, preservation precede growth, the best way to preserve an account is to apply good risk Management and a good money Management, without this two it will be very hard to actually grow your trading business to any meaningful extent.

There are different materials out there you can peruse to learn more about risk Management, there are books and website like the Babypips.com, they have comprehensive guide on how you can apply it to your trading.

You can also trade with less fear and even make more money because your mind is less stressed and you're more productive when you do that.

 

[FinTrader]

Yes, in order to save your capital you need to trade according to the rules of money management. And also use a small leverage in your trading and set stop losses in transactions. This will allow you to reduce losses in your wrong trades, which can then be made up for with profitable trades without unnecessary risks.