What is risk management?

Forex risk management can make the difference between your survival or sudden death with forex trading. Risk management is a combination of multiple ideas to control your trading risk. It can be limiting your trade lot size, hedging, trading only during certain hours or days, or knowing when to take losses. I can successfully complete the job of managing risk with Trade12. Because with the broker I have high trading leverage, narrow floating trading spread and ECN accounts with lowest commission.