Effective risk management is crucial for trading success. Here are some effective strategies for managing risk. 

Set Stop Loss and Take Profit Orders: One of the simplest ways to manage your risk is by using Stop Loss and Take Profit levels. A Stop Loss will automatically close your trade if the price moves against you by a defined amount, limiting potential losses. A Take Profit order secures your gains when the price reaches your target. You can set these orders in the trade order window when placing a trade or modify existing orders in the “Positions” tab by double clicking on an open position. 

Control Your Trade Size: The larger your trade, the higher the risk associated with it. Use cTrader’s position size calculator to determine the optimal lot size that aligns with your risk management strategy. Many traders apply the 1-2% rule, which means they risk only 1-2% of their total trading capital on each trade. This disciplined approach helps protect your account over time. 

By implementing these risk management techniques, you can better navigate the volatility of the markets using cTrader. 

Now, let's take a look at managing margin effectively.