Click here to get this post in PDF
We have often understood that trading is an easy thing. We have seen many people who have left their full-time jobs to take trading as a full-time career. As much enticing as it sounds, it comes with its own set of risks & challenges.
Some challenges might be very small, while others might end up wiping your entire capital. Being aware of these risks is very important. If you’re not entirely aware, you might end up making the wrong decisions, this being in debt.
For this reason, having a dedicated account manager is very important. A dedicated account manager ensures that you don’t end up taking the round trades. Moreover, the right risk policy is also measured. Tradeviz gives you a dedicated account manager with whom you can ensure to have great trades.
The consistent guidance lets you pick up profitable trades or those with lower chances of hitting the stop loss.
There are many more features that this particular account provides.
But in this article, we will find out some of the risks that every trader faces during the trading career.
Risks For Every Trader During Trading Career
Though there are many types of risks, here will talk about only four of them.
1. Capital risk: We have heard many stories where the trader has come and lost all of the capital that they put into the market. Thousands of dollars have just vanished into an abyss. In order to mitigate this risk, it is important that you don’t trade with all of the capital. Instead, leverage is your way to go. This trading platform offers you great leverage options based on the account type you choose.
2. System-generated risk: One of the major problems of online trading is that the system glitch can happen at any time. Personally, while trading even, we have faced many system glitches. The right person to reach out to is customer support. Yet the brokerage platforms don’t have an active customer support representative always. This is where this brokerage platform comes to play. Tradeviz has a dedicated team of customer support representatives looking forward to helping you out and resolving your queries.
3. Poor risk management strategies: Often, the poor risk management strategy leads to a failure in terms of trade execution. Having an improper stop loss can lead to wiping over your entire capital. At this point, the account managers’ guidance is really needed. This brokerage platform gives you different account types. The gold and platinum account types come along with a dedicated account manager.
4. Liquidity risk: In simple terms, liquidities are the amount of free cash available to you. There can be multiple positions that are open at the same time. The liquidity risk leads to a cash crunch. And this is where the leverage comes into play. In this brokerage platform, you can avail leverage from 200 times two 400 times.
Bottom line: Every profession has its own set of risks and challenges, and so is trading. The best way to mitigate it is to find a trading partner who will support you throughout. Tradevizis your trusted trading partner that will help you to progress in your trading career at a brisk pace. If you haven’t signed up yet, it’s high time you create an account with them.
You may also like: Rising Popularity of NFTs Trading in Alaska