Trading in the currency market can be profitable only if the trader constantly monitor the risk. The ability to control risks, allowing the trader to trade currency in unusual, unexpected situations, despite the loss.
To be able to control the risks, you should not neglect certain rules. One of the rules says that you need to carry out preliminary work. If a trader knows why he makes a deal and what financial risks might expect it, he is ready for a deal on Forex. Otherwise, the transaction is better to refuse. Implementation of this rule significantly reduces the risks.
Even when trading in the foreign exchange market can not invest all their money. Currency trader must develop and follow their own trade in the FOREX market, changing it if necessary. For standard situations in the market need to use standardized and validated solutions. Such sales tactics can significantly reduce risk and increase profits. Trading on the Forex, a trader needs to use the stop order (stop-loss), which helps maintain control over the risk (losses). Use of trading rules in practice, avoiding potential loss or reduced to a minimum.