Less risky in my opinion.
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Are there more risks with indices?
- Thread starter MarkDawn
- Start date
That’s great. I’ve been looking for a broker change myself. Taking some suggestions from here, thanks.I’m not so much of an indices person but I’ve heard they can be profitable. I’ve traded demos with Xm and recently opened a live account with Fxview. The spreads are good with them.
Any criteria for selecting the ones to opt for?Less risky in my opinion.
You can try using stop loss or limit orders for reducing risk and try not to risk more of your trade. Also, don’t go for a high commission broker. I’ve been using ICM and Fxview and their commissions are quite suitable for me. Even spread cost wise they are okay.Balancing risk and money management can be difficult at times. As a newbie to the market, I keep trying to figure out how to successfully manage my trade and how careful I should be with the risk. As advised by a lot of pros, I do limit risk to 2% - that’s how I have built up my plan!
Exactly! Following a stop loss or limit order can be helpful too. Works for me most of the time I’d say!One can easily calculate the risk reward by dividing the net profit with the maximum risk. Since there is risk with every investment, focusing on minimising it can make a difference.
I keep these three things in mind while trading. Be it indices or any currency pair, I use an economic calendar, tracking stops and stop loss orders. These are really helpful for bringing down the potential risk.