Hi anyone.. I'm newbies.. just want some advice from the expertise here.. does it relevant to use margin level as a money management when open a trading position??.. for example, when I trade to multiply currencies, I will open about 7 position with a suitable lot each, and make sure that the margin level above the 1000%.. when I have loss, and look at the margin level below 1000%, I will cut loss my open position.. does this way of trading can hold in a long terms??.. if not, any suggestions??
there are of course millions of ways to do MM. One item I always want to keep in mind as well is, independently of margin considerations, is if all my trades go the wrong way at the same time, what's the maximum amount in $$$ I am willing to lose.
growthera posted: there are of course millions of ways to do MM. One item I always want to keep in mind as well is, independently of margin considerations, is if all my trades go the wrong way at the same time, what's the maximum amount in $$$ I am willing to lose.
togr posted: Or some of the many tools monitoring your equity and closing trades at defined level
Yeah.. it depends on individual.. many old time traders suggest me to using low leverage to hold long in this industry.. but i have seen your portfolio sir and u are a good trader.. its ok if u have winning system above 80%.. I seems very comfortable with my leverage now.. thanks for your advice
togr posted: Using low leverage to limit the trade risk is... ...outdated
Indeed. I wish to have even 1:2000 levereage. I got my own ideas how to decrease risk , and no matter do I have 1:200 or 1:2000 . Problem is that we MUST go to lower leverage when deposit/earn more money.
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