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Money Management Tips
Oct 19, 2020 at 06:48
Membre depuis Jul 19, 2020
posts 310
Money management is vital for trading. You ought to have a few principles to take after. Trading size ought to be chosen by your money management rules. The most popular rule is don't risk over 2% of your capital in a trade. But, it doesn't mean you can open many trades. Your aggregate risk ought not surpass 2% of your capital.
Membre depuis Aug 17, 2020
posts 121
Oct 21, 2020 at 14:33
Membre depuis Aug 17, 2020
posts 121
You are very right. I think money management is a skill that should be taught to people as they grow up, it is important to everyone, not just people who trade or invest. If you trade to make a living or make money for your retired years, you also have to be very aware of how much money you need each month.
Membre depuis Jul 20, 2020
posts 278
Membre depuis Mar 16, 2020
posts 54
Membre depuis Aug 24, 2020
posts 17
Membre depuis Jul 20, 2020
posts 286
Oct 30, 2020 at 10:26
Membre depuis Oct 30, 2019
posts 22
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.
Oct 30, 2020 at 11:07
Membre depuis Dec 20, 2019
posts 23
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.
Oct 30, 2020 at 12:34
Membre depuis Aug 30, 2020
posts 15
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.
Membre depuis Jul 19, 2020
posts 283
Membre depuis Aug 17, 2020
posts 121
Nov 02, 2020 at 07:40
Membre depuis Aug 17, 2020
posts 121
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.
Nov 02, 2020 at 10:13
Membre depuis Apr 15, 2020
posts 187
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
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.
Nov 02, 2020 at 12:19
Membre depuis Nov 02, 2020
posts 52
DoraWalletInvest posted: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.
Fear is really very constraining and does not provide an opportunity to make and the right decision, and the sooner we learn to cope with it, the easier it will be when new to trade.

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