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Money Management Tips

Money Makin Jes (mister_trader623)
Oct 27 2020 at 12:29
13 Posts
Money management is second only to trading psychology. I use a risk ratio of 1:1.5 and I don't risk over 2% of my capital per trade with a max of 5 open trades.

Be more financially free then yesterday.
LeviSievwright5
Oct 28 2020 at 01:23
298 Posts
It is not possible to make a consistent profit if money management is not maintained properly. Many traders focus on money management the most. Because if you want to succeed in trading, you must use money management.

Trallod
Oct 30 2020 at 10:26
23 Posts
To better last with your money you need to get rid of dreed for money most of the traders develop greed the moment they make a significant amount on their first few days trading forex and son they keep on trading recklessly with the hope that they will make a lot of cash.

Beazeris
Oct 30 2020 at 11:07
18 Posts
As a forex trader you need to trade with a plan because that is when you will enable to properly manage your money because a trading plan and money management are pretty much similar and it is all about how you take it that determines how you are going to make it in forex, If you want success shine you need to manage your money as best as possible.

Staran
Oct 30 2020 at 12:34
11 Posts
The best money management tip that you can get when you join forex is that i should never put in your savings to forex trading no matter how good you think you are. If you are going put in your savings then put in a very small amount from your savings that will not have a huge impact if you lose it all. Forex is al about risks.

Tony Pipsy (Kingace)
Oct 30 2020 at 14:11
41 Posts
Money management (risk mgt) is the holy grail of Forex

GeorgeBischof
Oct 30 2020 at 19:17
318 Posts
Money management in the forex market is the most difficult job. If you can not make it perfectly you have to face a great loss.

DoraWalletInvest
Nov 02 2020 at 07:40
123 Posts
Trallod posted:
To better last with your money you need to get rid of dreed for money most of the traders develop greed the moment they make a significant amount on their first few days trading forex and son they keep on trading recklessly with the hope that they will make a lot of cash.


Yes, also many traders come into forex greedy to begin with, not being aware how important it is to know how much risk they can afford to take.

Elena Triston (ele020)
Nov 02 2020 at 10:13
219 Posts
The answers for all complex questions are found in basic concepts. The key to money management is obtained by blindly following these tips;

1. Conduct Thorough Research
2. Be realistic in your approach
3. Manage your money
4. Speak to other traders
5. Always use a stop loss

The more your practice, the more you learn.
TitusD
Nov 02 2020 at 11:39
10 Posts
Rule 1 - Only risk what you can afford to lose

Rule 2 - Only risk a small amount of your account each time. The smaller the percent the more time you will have

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