Admoni posted: Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.
Because, most of the traders try make money here with a low trading skill! Forex is one of the most challenging job; so traders need to make sure their trading skill before starting their real trading!
Many don’t follow the most basic rules which are to stick to a plan, maintain discipline and control risk. They fail to continue giving energy once they earn it. The only way to survive such a quick changing environment is by constantly updating skills and learning from mistakes.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.