It is the greed for meant that makes most people in forex trading to lose all their money Once you see all of your trades working you what you should not increase your trade frequency or risk you put in. Keep on trading as you always do and change over time but not instantly.
Unfortunately, we do not know how to do everything right right away, but if we draw the right conclusions from our mistakes, it is his time to correct them, then there will really be good success.
Since we add up our funds in order to trade in the forex market, we must learn how to manage them so that we can increase our income and not lose.
Proper money management helps to survive in trading. Success is not achieved if money management is not implemented properly.
Of course, it is best if each trader decides for himself how to manage capital, based on his own priorities and taking into account his risk appetite.
Jan 05 2021 at 08:38
Money management and risk management has an important role to play in your trading career. You have to be apt with your decision so that you don’t end up losing what you already have in your pocket.
Jan 20 2021 at 10:01
There should be a balance between risk and money management. This is crucial for every forex trader.
In Fx trading , leverage is useful for trader , especially if trader start with small balance hence with leverage it will giving opportunity to making transaction on Fx market , now some broker offer high leverage until 1:1000 but so far I am only use leverage 1:400 as maximum.
I agree with you completely. Without a proper money management, a trader can be lost and might end up losing money regularly.
All our work in this area is related to money, and therefore the ability to manage capital is of significant importance.
What are your money management strategy? I want to know about that.
Mar 03 2021 at 04:42
An effective money management plan can turn out to be a life saving tactic for most traders. Better to pay close attention from the beginning and take decisions accordingly.
Mar 03 2021 at 16:45
robindude posted:
What are your money management strategy? I want to know about that.
I often take 2% risk of my capital per trade and my risk reward ratio is 1:2.
I once let go of such a mistake and started trading, you do not know how to manage capital, as a result, I left in a loss and only when I learned everything I started to earn
As for me , I take mostly about 5% of my money in daily stratagy, and 30% in a long term strategy.
Mar 06 2021 at 13:43
1% risk of my capital. My trades are looking to gain 3/4/5R so it can still be worth my while. Good risk to reward is key.
blancheklein posted:
An effective money management plan can turn out to be a life saving tactic for most traders. Better to pay close attention from the beginning and take decisions accordingly.
You are right. A good money management plan can make a trader rich.
Apr 20 2021 at 07:05
Money management is great for traders, they should all try to work on it now and then. What I mean is constantly alter the plan, not let it go stagnant.
Money management is, in my opinion is very important, at this time I constantly loss on my demo account:/
