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Author Topic: Effective ways to manage trade risk on TradeHerald  (Read 364 times)

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Effective ways to manage trade risk on TradeHerald
« on: April 22, 2020, 05:34:27 AM »
Every trading activity requires effective management of trade risks. If you are trading with leverage through TradeHerald, you will also want to regulate the exposure that you have to risk, be it a novice or experienced trader.

If you are in the initial stage trading without much experience, the best thing to do is start on traditional spot trading exchanges such as Binance or other exchanges. This will help you to learn how the market performs and how trade exchanges work and eventually become familiar with the whole crypto trading system.

Most importantly, start trading with limit orders rather than market orders. That would make it easier for you to handle fees considering they tend to be smaller than with market orders. Always use Take Profit and Stop Loss functions, which will help you to reduce the risk you have while trading cryptocurrencies with leverage.


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