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Manage Money

Sven98
Oct 31 2019 at 11:53
39 posts
mlawson71 posted:
Do you have any tips and advice about good money management?

Use Stop losses.

steveday1976
Nov 04 2019 at 11:17
53 posts
Development101 posted:
Don't risk more than you can afford to lose!
This is essential, could be bad times ahead otherwise.

ForexViking69 (ForexViking69)
Nov 11 2019 at 23:24
29 posts
This is the first thing I tell new traders, money management is not only key to trading but to investing in general. Some good advice :)

Professional4X
Nov 13 2019 at 08:16
1189 posts
TiffanyK posted:
If you have a really good strategy - you would already include the stop loss and take profit facilities. 90% of those actual good strategies include those components. Again I think that money management is important, but consider the trading strategy to be the starting priority.


It doesn't matter what the strategy is, if you aren't using effective Risk Management then you are putting your investments at risk.

Risk Management should ALWAYS be the highest priority.



If it looks too good to be true, it's probably a scam! Let the buyer beware.
ElliotCooke
Sep 09 2020 at 18:37
341 posts
If you want to make money from this market, you need to have proper knowledge about money management. If you can not manage your money properly, it will be quite tough to make a profit from the market.

LeviSievwright5
Sep 10 2020 at 01:59
298 posts
Trading is a market of possibilities. And if you want to make a profit in the market of possibilities, you must follow money management. Only money management can get you to the brink of success. Money management maintains discipline in trading and helps keep investments safe.

radioactive
Sep 10 2020 at 05:35
47 posts
Money management is and has always been very important technique to be conisdered while trading. It helps to keep your investment safe from facing any dangers

EllisParker
Sep 10 2020 at 07:10
34 posts
ForexViking69 posted:
This is the first thing I tell new traders, money management is not only key to trading but to investing in general. Some good advice :)


Yeah totally. It helps you stay disciplined and rational.

Kazile
Sep 16 2020 at 10:54
119 posts
It really helps, but everything needs to be learned and given time so that in practice it can be applied.

GeorgeBischof
Sep 16 2020 at 14:24
318 posts
If you can set your money management perfectly it is obvious to make money from this market. Most of the traders lose their money because of their wrong money management policy.

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