Traders must have a working knowledge of currency risk management tools available to each and every ANG Markets client.  First, learn how to properly manage forex market risk utilizing different order types such as stop and limit orders to protect yourself against adverse foreign exchange price moves. Learning to use the orders in combination can improve your foreign exchange trading technique by allowing you to realize maximum profit potential while, at the same time, limiting your potential losses. Our order types page also includes examples of how and when to properly utilize numerous types of stop and limit orders, including OCO orders, that are an integral part of forex risk management.

The online forex trading platforms offered through ANG Markets allow you the flexibility to enter a wide variety of order types including orders that will help you manage currency risk:

- Limit Orders
It is a n order to buy or sell a currency pair, which is executed when the price is breached. For example, you place an order to buy 100,000 euro at 1.4520. The platform will automatically fill your order when the offer reaches 1.4520. Limit orders can be placed to both buy and sell.

- Stop Orders
A stop order is a type of limit order that is placed to "lock in" a specified gain or loss, closing the position. Typically a risk management order used by clients to help manage their market exposure, this type of order can also be used to enter into a new position. Stop orders can be used to both buy and sell foreign currency contracts.

Once you are ready for forex trading, feel free to open a free demo account and try our online forex trading platform before opening a live forex trading account - you will be supplied with virtual money to test your foreign currency trading strategies risk-free.