Trading inherently carries risks, but it is the potential profits that motivate us to take these risks. It is important to note that trading is not akin to gambling. Instead, it revolves around statistics, probabilities, and effective money management.
We employ various strategies to mitigate trading risks, such as:
Diversification - engaging in trading across multiple markets and time frames
Utilizing small trade sizes - each strategy involves trading small amounts to limit risks in case a trade is left unattended
Implementing definitive stop losses when placing orders
Ensuring a maximum risk per trade of no more than 0.5% of the account balance, often even less
Avoiding open trades over weekends to prevent exposure to major economic events
And more
Clients can also control their risk when copying trades by:
Adjusting trade sizes proportionally to match their risk tolerance
Setting their own equity protection to automatically close trades and halt further trading if the account equity drops below a specified percentage or dollar value
Having the flexibility to enable or disable trade copying at their discretion
