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Money Management Tips
Feb 21, 2023 at 12:37
Medlem sedan Oct 28, 2022
50 inlägg
In my opinion best money management tip is to use a stop loss.
Medlem sedan Sep 07, 2020
63 inlägg
Feb 28, 2023 at 11:28
Medlem sedan Sep 07, 2020
63 inlägg
With my trading experience, here are some money management tips for forex trading:
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
Mar 07, 2023 at 07:05
Medlem sedan Oct 06, 2021
15 inlägg
Well said above, especially 5th point. Never ever risk more than 2%.
Medlem sedan Jun 26, 2020
327 inlägg
Mar 09, 2023 at 13:02
Medlem sedan Jun 26, 2020
327 inlägg
to maintain risk management 2% at all times is really a challenging issue , because market moves at random most of the time.
Medlem sedan Sep 19, 2021
4 inlägg
Mar 22, 2023 at 16:48
Medlem sedan Sep 19, 2021
4 inlägg
Well.
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
Medlem sedan Jun 26, 2020
327 inlägg
Mar 24, 2023 at 08:45
Medlem sedan Jun 26, 2020
327 inlägg
sometimes money management works to fail , this is the dark side of this market place , there is nothing 100% in there.
Medlem sedan Jun 26, 2020
327 inlägg
Mar 27, 2023 at 09:03
Medlem sedan Jun 26, 2020
327 inlägg
what you think guys there is any different between money and risk management ?
Mar 28, 2023 at 22:03
Medlem sedan Mar 28, 2023
1 inlägg
I completely agree with you that money management is crucial for successful trading. It is essential to have a set of principles to follow and to choose your trading size based on your money management rules.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Medlem sedan Jun 26, 2020
327 inlägg
Mar 30, 2023 at 09:17
Medlem sedan Jun 26, 2020
327 inlägg
good information , thanks for nice reply
Apr 04, 2023 at 11:57
Medlem sedan Apr 18, 2020
54 inlägg
davesper posted:Yeah! that's true. But at least we can take precautions to control the risk by using stop loss and other risk management strategies.
In fact, there are only two scenarios in the market - either you control money, or money controls you.
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