Why do you need risk management in forex?

[Potuse]

The importance of risk management cannot be overemphasized . It is what will reduce the risk that is involved in a trade and it will relate limit losses to the barest minimum. The practices that must be done to involve risk management is by maintaining consistency, engaging in moderate leveraging and improving the performance of trades.

 

[Yohanna]

It is not right to trade the forex market without using proper risk management strategy and it must be adopted so that you will not miss it while trading in the forex market.

 

[Syldan]

Risk management is vety essential in all kind of risk and that gives you the opportunity to be able to minimize the level og risk which may not affect the financial status of the business to an extent that will run it down.

 

[Planbizzle]

Risk management is critical in forex because it permits traders to mitigate their losses and decrease the major drawback of their deals. Without adequate risk management, traders may suffer enormous and unsustainable losses, depleting their trading capital quickly and potentially leading to disastrous financial consequences.

 

[Lens]

You cannot engage in forex investment without having to employ different risk management strategy because it is what will limit risk as much as possible and that could be done through setting a stop loss order

 

[eenya00]

Without proper risk management you might lose everything you habe worked for in a twinkle of an eye, due to the nature and volatility of the forex market that may swing against your favor

 

[Danny4cash]

You see we always talk about forex trading being a profitable and one of the most lucrative online business. Yes, it's true but the reality is that loss is part of forex trading. No matter how good you're, you'll experience loss in forex trading. To prevent this occasional loss from getting out of hand, we employ risk management strategies.

 

[Yohanna]

Risk management is very important in forex because it is what would limit losses and it will increase or enhance profitability whenever you are trading in the forex market.

 

[Potuse]

Risk management is very important in forex because it is what would limit losses and it will increase or enhance profitability whenever you are trading in the forex market.

A seasoned trader must ensure to utilie proper risk management because that is what will enhance profitability and it will reduce losses to the barest minimum.