Online trading whether forex, CFDs or futures is an exciting but it’s all about speculation and comes with risks similar to other markets, and deserving of the same precautions that should apply in any speculative market. Risk can be mitigated using the proper tools, money management, and sound trading practices.

The most important step in risk management is controlling your losses. Know when to cut your losses in a trade. You can use a hard stop or a mental stop. A hard stop is when you set your stop loss at a certain level as you initiate your trade. A mental stop is when you set a limit to how much pressure or drawdown you will take for the trade.

Figuring out where to set your stop loss is a science all to itself, but the main thing is, it has to be in a way that reasonably limits your risk on a trade and makes good sense to you.

Leverage is directly attached to your profit and your risks and you need to understand exactly what leverage is and how best to use it.

In this webinar, we will look at risk and money management and the importance of using stop losses as well as understanding leverage. We will learn how to set your stop losses and use leverage on the ETX TraderPro platform. This is an important class for all traders regardless of experience.

Risk Warning:

Be aware trading carries risk and not all strategies or rules work the same every time or have the same results for each trader. You should always understand your risks

The leveraged trading products available on this website are not appropriate for everyone. It is possible for losses to exceed your account balance. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks.