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Money Management Tips

georgiaosborne
Jul 08 at 04:09
21 Posts
I agree. Money management is very important that too when you are going for a bigger amount while trading. If you are managing your money and profits, then only you can do good in the next trades.

Dictiony
Jul 08 at 08:50
231 Posts
It is good to know your risk before opening each trade, and also use a forex manager to help you manage your positions, set TS and other functions, I have been using it since yesterday.

spacexdragon
Jul 08 at 11:40
8 Posts
If you do not know how much you are risking when you enter a trade then you will never be successful

Tremblay
Jul 09 at 08:51
330 Posts
georgiaosborne posted:
I agree. Money management is very important that too when you are going for a bigger amount while trading. If you are managing your money and profits, then only you can do good in the next trades.

Without proper money management, no trader can become successful in this market.

billysnyder
Jul 12 at 05:34
32 Posts
Dedication is the most important thing while trading. It helps you in maintaining your interests all this while. Also, learning should not be discontinued even after you are earning in trading.

Hrenz
Jul 13 at 06:19
38 Posts
You just need to learn how to evaluate important points and prioritize.

Tradelist45
Jul 13 at 08:32
144 Posts
i have a very common and boning question as like others , there is any major difference between money and risk management ? its all about same issue or any major difference between two ?

Tremblay
Jul 13 at 17:11
330 Posts
Tradelist45 posted:
i have a very common and boning question as like others , there is any major difference between money and risk management ? its all about same issue or any major difference between two ?

I think both are almost the same.

Suradi (FXOday)
Jul 13 at 23:38
122 Posts
Tradelist45 posted:
i have a very common and boning question as like others , there is any major difference between money and risk management ? its all about same issue or any major difference between two ?

Money management is included in early trading preparation before making a deposit trader need to watching the amount saving money, don't use all saving money in forex but only spent money that affords to lose, money management in trading included how to chose position size, meanwhile, risk management is preparation about the risk, usually trader using stop loss to manage the risk.

sopranoberidze
Jul 14 at 10:06
8 Posts
The best money management strategy is to stop trading immediately. That is the only way to minimize losses. Almost everyone loses at Forex

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