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Money Management Tips

Michihito
Oct 19 2020 at 06:48
posts 298
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.

UweMoench
Oct 21 2020 at 13:01
posts 751
Money management is the most vital thing after analysis. If we do not manage our money properly we are going to lose everything soon . Most people do not bother about risk management and money management. They play blind.

Malajind
Oct 21 2020 at 13:33
posts 75
The competent distribution of your personal funds will lead you to a good result, but this needs to be learned and put into practice.

DoraWalletInvest
Oct 21 2020 at 14:33
posts 123
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.

AliaDare
Oct 22 2020 at 01:24
posts 788
Money management is an important part of trading. The part I love the most. If a trader wants to trade successfully, he must first follow the Money Management Rules. Money management can guide investment in the right direction.

Mauk
Oct 22 2020 at 06:15
posts 78
Being able to manage capital, improve your discipline, develop your qualities, confidence and self-control are very important in trading.

Joao91
Oct 22 2020 at 06:20
posts 18
At the end, we are all here to earn money. If a trader fails at managing money only, his tenure in forex is short lived for sure.

Shelby10
Oct 22 2020 at 07:51
posts 140
Money management is very important to make money from this risky platform.

ElliotCooke
Oct 27 2020 at 09:46
posts 341
If you want to build a successful career in the forex market, you have to make the proper management of your money. This is the most important thing to do in forex trading to make profits.

Amber_0302
Oct 27 2020 at 11:57
posts 54
Money management is the part of risk management and it is really important for every trader.

Money Makin Jes (mister_trader623)
Oct 27 2020 at 12:29
posts 13
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
posts 298
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
posts 24
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
posts 22
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
posts 14
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
posts 43
Money management (risk mgt) is the holy grail of Forex

GeorgeBischof
Oct 30 2020 at 19:17
posts 318
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
posts 123
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
posts 219
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
posts 10
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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