Dec 29 2020 at 17:33
AmDiab posted:
practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.
That’s true. That’s why dedication is important. These who trade as a hobby cannot last long in trading.
@SofieAndreasen Yes dedication for learning is very important. Without dedication proper learning is not possible. With little bit knowledge and skills, it is not possible to make money in the forex market.
Jun 03 at 07:12
In forex trading, you need to be able to stick to your guns. You must have an unwavering commitment to do whatever it takes to reach your goal no matter how many times you get knocked down and that's what we call dedication.
Money management in forex trading is very important. But unfortunately many traders don't bother about. Out of overconfident and greed, they do not follow proper money management.
Akasuki posted:
Money management in forex trading is very important. But unfortunately many traders don't bother about. Out of overconfident and greed, they do not follow proper money management.
Yes. A proper money management is very important to make money from this market.
Jun 05 at 12:39
Money management is very important, as everyone points out. In fact, money management requires discipline in risk management. I personally take a 2% risk. because there are more casualties, I'm shutting down the process no matter what. But after I win a few times, self-confidence comes, and once money management risk management is forgotten and the transaction opens with big money, I give everything I earn. That's why I'm trying to get into the habit of risk management and money management.
Risk is easily accessible in Forex. But that's not the case in stocks. I use a special Excel program.
Risk is easily accessible in Forex. But that's not the case in stocks. I use a special Excel program.
Learn everything and put it into practice the only way you can achieve results.
Money management needs to be part of a detailed trade plan that covers the investing policy, business strategy, entrance and exit triggers, as well as money management guidelines and which asset groups. While money management is of the utmost significance in commerce, keep in mind that it represents just one aspect of your business strategy.
Considering the advice and recommendations, you should always understand that for someone they work very well, but someone needs to adjust them to suit their style.
Jul 02 at 17:50
Money management is essential in trading. It is easy to lose money in trading.
