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Money Management Tips
Miembro desde Sep 07, 2020
posts 70
Feb 28, 2023 at 11:28
Miembro desde Sep 07, 2020
posts 70
With my trading experience, here are some money management tips for forex trading:
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
Miembro desde Jun 26, 2020
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Miembro desde Feb 04, 2023
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Miembro desde Sep 19, 2021
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Mar 22, 2023 at 16:48
Miembro desde Sep 19, 2021
posts 4
Well.
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
Miembro desde Nov 20, 2022
posts 5
Miembro desde Jun 26, 2020
posts 323
Miembro desde Jun 26, 2020
posts 323
Mar 28, 2023 at 22:03
Miembro desde Mar 28, 2023
posts 1
I completely agree with you that money management is crucial for successful trading. It is essential to have a set of principles to follow and to choose your trading size based on your money management rules.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Miembro desde Jun 26, 2020
posts 323
Apr 04, 2023 at 11:57
Miembro desde Apr 18, 2020
posts 55
davesper posted:
In fact, there are only two scenarios in the market - either you control money, or money controls you.
Yeah! that's true. But at least we can take precautions to control the risk by using stop loss and other risk management strategies.

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