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money manage and leverage
Member Since May 24, 2019
10 posts
Jul 10, 2019 at 06:01
Member Since Jun 29, 2019
123 posts
We all know that money management is essential and though leverage is a trading tool to borrow funds, we should not work with higher leverage due to insecurity issues associated with leverage. But emotions can be a barrier. In the hope that over trading or big invested capital will provide higher income a trader can make decisions of working with gigantic leverage and in turn he deals with higher hazards of losing capital.
Jul 11, 2019 at 11:45
Member Since Jul 11, 2019
5 posts
walpants posted:
if you dont use money and risk management correctly you will loose in forex it is that simple
agreed! i'd say, been there and done that.
when i was a beginner i was hanging lose, my money was drenching and i had no idea what to do, but over the period of time i learned money management and how i can manage my risk with the leverage i had availed. today i am finally trading successfully because of that.
Member Since Jul 12, 2019
9 posts
Member Since Feb 22, 2011
4573 posts
Jul 12, 2019 at 12:02
Member Since Feb 22, 2011
4573 posts
QuincyMCQuincy posted:
With a small account you need to take risks though otherwise the profits are so low that there is no point
Well when trading you are always taking risks regardless the account size.
The thing is to determine what is acceptable risk for you and keep it that way.
IMHO I would rather risk 50$ of $200 account than 50$ of $200,000 account:)
Another thing is to define your stop loss the way it protect your account when necessarry but not too often.
Member Since Aug 27, 2017
875 posts
Member Since Nov 06, 2018
81 posts
Member Since Jul 20, 2020
278 posts
Dec 10, 2020 at 06:00
Member Since Nov 28, 2009
41 posts
yeah leverage dont really matters. you just have enough money on your account to be able to put few positions out there. position size is the most important thing as it is money manegament and influecing on you with emotions. all in one package :)

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