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Money Management Tips

Faujinn
Nov 02 2020 at 12:19
57 inlägg
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.
jimmyneeesham
Nov 05 2020 at 06:32
40 inlägg
A proper money management will surely benefit the trader. You should know where and how to spend your capital and take care of your funds. Money management and risk management are really important in trading.
ddarko3
Nov 05 2020 at 06:38
70 inlägg
I don't have strong money management tips but always make sure to keep the risk reward ratio to low as you can. Preferably 1:2 the most.
forex_trader_[1984295]
Nov 05 2020 at 06:52
42 inlägg
Money Management basically covers everything about trading, Good Money Management means you are profitable trader. For 20 years, good money management is while I get increasing funds with my firm to trade, Just learn the basics of taken loss when you are wrong, and you will be good at making good profits,and don't give out profits you already made back to the market, meaning if you made $5 and you take a risk of $1from it, if you lose that $1, and take a risk with another and lose again, making $3 left, just retire for the day with you profits of $3, and plan ahead patiently for the next day trades.

That is my own secret of developing a good money management, now i do it like a machine as with my years of experienced I have improved greatly and keepi mproving daily.
This year, I went like 23 week in a stretch without losing a single trade in a day in my firm account, this is because I keep and want to make sure I turn perfect in it, but no one can ever be perfect like not having a losing trade, but containing it to be very small compare to your huge profits is always the point here.

But do not forget, without patient, you can't achieve this, all profitable traders are patient traders and that is a fact.

If you are lucky to be with me each day of trading, you will get bored wanting to see how I trade, but while you are getting bored, I'm patiently waiting to take the right BUY/SELL positions, and that is best way for me to keep up with profits, all experienced traders knows this. Hope this helps.
AniLorak
Nov 05 2020 at 12:00
920 inlägg
money and risk management its all about same , i
 feel most of the time , because we use it to avoid unfortunate risk and losses.
forex_trader_[1984295]
Nov 05 2020 at 13:05
42 inlägg
AniLorak posted:
money and risk management its all about same , i
 feel most of the time , because we use it to avoid unfortunate risk and losses.
Yes, Money Management is equal to Risk Management.
Bladiminmunro
Nov 06 2020 at 07:00
59 inlägg
An effective money management technique can make a lot of difference to a trade. It is closely linked with risk management and they both are essential in order to be successful in trading.
Roberto21
Nov 06 2020 at 09:17
364 inlägg
Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.
DoraWalletInvest
Nov 12 2020 at 15:47
123 inlägg
jimmyneeesham posted:
A proper money management will surely benefit the trader. You should know where and how to spend your capital and take care of your funds. Money management and risk management are really important in trading.

I agree, these are both essential, neither of them can make you successful without the other.
Roberto21
Nov 13 2020 at 08:49
364 inlägg
sometimes you can feel only knowledge can help you when trading , on the other hand it seems despite of having good knowledge success will not come if you dont a support from a trading platform , because they can affects the result of your trading at any time.
DoraWalletInvest
Nov 19 2020 at 06:59
123 inlägg
Roberto21 posted:
sometimes you can feel only knowledge can help you when trading , on the other hand it seems despite of having good knowledge success will not come if you dont a support from a trading platform , because they can affects the result of your trading at any time.

That's true, it is important to choose the right trading platform for yourself, but I think if you have enough knowledge it becomes easier to make the right choice - that's the only way you'll know what you are looking for and what aspects of a platform you have to check if you want to find a good one.
Michihito
Nov 19 2020 at 11:41
298 inlägg
Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.
Johnathankim
Dec 02 2020 at 11:08
29 inlägg
Money management and risk management both are important if you want to save yourself from making unnecessary losses.
SofieAndreasen
Dec 02 2020 at 17:53
759 inlägg
Michihito posted:
Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.
Money management help you to survive in the market long. I think surviving is the most important part.
Adribaasmet
Dec 03 2020 at 06:03
994 inlägg
Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!
Mohammadi
Dec 04 2020 at 06:48
886 inlägg
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
EbonyJones
Dec 04 2020 at 19:22
232 inlägg
Money management is very important. Most traders lose their money because of their wrong money management strategies.
AmDiab
Dec 07 2020 at 06:14
718 inlägg
practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.
Mark645373
Dec 08 2020 at 10:07
4 inlägg
I believe that only competent money management and adherence to the basic rules of money management will allow you to maintain and increase your deposit in trading. A low risk per trade, of course, will not bring huge profits, but it will help to avoid large losses and in the long run will certainly lead you to success. Profit everyone!
Johnathankim
Dec 29 2020 at 11:23
29 inlägg
Money management is the fundamental step of forex trading or any other investment, if you ask me. It is good that you are willing to pay attention to it. Good luck.
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