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Money management is extremely important
Jan 29, 2021 at 13:39
Anggota Sejak Jul 19, 2020
751 pos
Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total risk should not outperform 2% of your capital.
Anggota Sejak Jul 23, 2020
759 pos
Feb 01, 2021 at 10:47
Anggota Sejak Jul 19, 2020
298 pos
To manage my risk I take after some strick money management rules. Initially I take after 2% cash management run the show. I never open trade woth over 2% of my value. I don't trade ordinary. I just open trade when I get a decent trading set up as per my procedure.
Feb 02, 2021 at 07:14
Anggota Sejak Jun 25, 2019
9 pos
Yes, that's right, in my opinion, only with risk management can you really trade profitably. As a tip, I use a tool called Pipz for this. Perhaps you've heard of it before, it's really easy to calculate and manage the risk.
If someone is interested: https://pipz.info
For me its also important, that you lower your Risk while trading if the Trade is not working like planned and keep your losses small.
Cheers! :)
If someone is interested: https://pipz.info
For me its also important, that you lower your Risk while trading if the Trade is not working like planned and keep your losses small.
Cheers! :)
Anggota Sejak Jul 20, 2020
298 pos
Anggota Sejak Jul 20, 2020
341 pos
Feb 18, 2021 at 09:33
Anggota Sejak Jul 20, 2020
341 pos
First, you have to do demo trading. In addition to demo trading, you need to do a lot of research on information and market conditions. Properly learn how to manage money and maintain risk rewards. As a new trader, if these strategies are followed properly, successful trading is possible.
Anggota Sejak Jul 23, 2020
869 pos
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