Milex32 posted:Hello, buddy! This rule is really useful. I too use this.
One of the Money Management tips that I personally follow is the 2% Rule. It suggests that traders should not take a risk of more than 2% of their total account balance for every trade.
Oct 17 2022 at 05:25
You may be working really hard but if you don’t know how to use your money, you won’t be able to achieve what you want. Basic money management skills are important and you must never risk more than you can afford to.
Money management is more about managing the funds in your account and using them judiciary so that you don’t lose all your money in a single trade.
Don't overtrade the market in forex , is what I learnt as a trader.
Dec 03 2022 at 10:39
Flourish your trading performance by adopting appropriate measure of actions. Majority of the forex traders suffer performance anxiety.
I strongly advise you to think several times and calculate different options. Often people do not pay attention to this, and then the results are not the most positive.
Dec 06 2022 at 18:19
To make every week profitable, you have to follow the right trading strategy. Don’t go for revenge trading and remain satisfied with what you have earned. But
what you think guys there is any difference between money and risk management ? please make sure the best opinion you have
Dec 08 2022 at 15:20
In Forex, knowledge is considered to nothing. Education is now quite easier than before because of the availability of internet. Read online e-books and watch video tutorials to flourish your knowledge.
To capture these points, try to use trend lines and fibonacchi. It shows traders with different trading angles and points. Moving average and RSI are good indicators.
There are so many professional traders suggest to take a risk not more than 2% from initial investment, with tight risk management hence will increasing opportunities open new order again when first trade get fail. Traders also can use pending order to manage tight risk management.
LyudmilLukanov posted:Yes, even I have gained a lot of knowledge from e-books and tutorials which are available online. I feel its all about the interest to progress and upgrade one's knowledge.
In Forex, knowledge is considered to nothing. Education is now quite easier than before because of the availability of internet. Read online e-books and watch video tutorials to flourish your knowledge.
Los tutoriales en vídeo son una gran herramienta para adquirir conocimientos prácticos. Con la ayuda de tales lecciones comencé a usar indicadores RSI
Never give up
davesper posted:this is strong advice. Newbies should keep their options and mind open to adapting to change and learn how to pick the right opportunities. To receive positive results, traders need to get their timing right. After all, without time and money management, it is tough to earn profit on a regular basis.
I strongly advise you to think several times and calculate different options. Often people do not pay attention to this, and then the results are not the most positive.
For a trading career to be successful, money management is essential. You're setting yourself up for failure if you don't have a reliable system for controlling both your financial resources and your risks.
Risk-per-trade strategy in forex trading is among the most significant money management strategies. As a general rule, don't risk more than 2% to 3% of your account on a single trade to ensure that you have sufficient capital to withstand the effects of a string of losing days.
Dec 21 2022 at 12:47
but the main problem is , to build a powerful money management need a long time experience with gre4at level of patience. so traders lost inter after passing sometime.
The most important thing, after analysis, is money management. We are soon going to lose everything if we don't properly handle our money. Most people don't give risk and money management much thought. They play idly.
AbbasAliKhan08 posted:Yes, it is hard to keep the discipline to work based risk management plan, however, discipline is required to shape a successful trading strategy. Traders need strong psychology to keep discipline trading.
but the main problem is , to build a powerful money management need a long time experience with gre4at level of patience. so traders lost inter after passing sometime.
