You can limit your risk by using ‘Stop-Loss" rates. These rates are decided by you, the trader. You choose a rate that is the lowest you want to go. If the market reaches that rate, your deal is automatically stopped so you do not lose any more money.
Because you set the rate, you can control your investment. You can make sure that you do not lose more than you are prepared to.
In the same way, you can set a ‘Take-Profit" rate. Your deal will stop when the profit rate you have decided is reached. Take-Profit makes it easy for you to control your trading without having to constantly monitor your position.
You can change your set rates at any time while your deal is open.
It is important you know that 100% guarantee for pre-set rates is impossible because market conditions might suddenly affect trading. For example, the market might suddenly change very fast, and those involved in the Forex trade might be unable to execute pre-set rates because the trading environment is suddenly out of their control.
Easy Forex aims to make sure that traders are protected as much as possible. Easy Forex makes any and all efforts to guarantee the set rates, unless unusual market conditions prevent them from doing so.
If you wish to get involved in the Forex market, open an account, for free.
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