I am a newbie in forex trading. I have been going through articles on forex trading and came across ‘Margin Call’. The two options to prevent margin calls is given as:
- Use stop loss orders
- Maintaining adequate funds in the account
Suppose I am going on long and didn’t place any stop loss. Unfortunately market turned against my trade and almost reached the margin call level. Can I place a reverse order (for example initial order was Buy and now I am placing a Sell order) to prevent margin call?