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Old 30-11-2016, 09:56
Level IV Lasers Member
Join Date: Aug 2014
Posts: 133
Default money management

In Forex trading, no one becomes successful at all, in spite of having most powerful analyzing trade knowledge, if he does not know how to manage money. So, besides acquiring trading knowledge, we the traders in particularly the newcomers have to know the principle of money management which is very supportive to reduce loss with certainly.
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Old 30-11-2016, 17:07
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Join Date: Nov 2016
Posts: 7
Default Re: money management

Very true. Money management is integral to FX success. Sadly almost all new traders ignore this aspect of trading until it is too late
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Old 04-07-2018, 11:12
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Join Date: Feb 2014
Posts: 188
Default Re: money management

Forex trading is all about achieving more profits than losses. However, no trader can claim that they have never experienced losses. What is important is to restrict your losses with a stop-loss order, and not to lose more than you predefined before opening the trade. If a trade isn't going your way, you should not wait for the trade to change direction to try and minimise the loss. This is very risky and you may end up losing your whole trading capital. Use a stop-loss and if it's triggered, be confident to face the loss, analyse what happened and continue trading.
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Old 20-03-2019, 00:57
Join Date: Sep 2014
Posts: 49
Default Re: money management

Money management is so very crucial, as without that success is almost impossible to achieve. I am lucky enough to be with FreshForex, as they make success a possible deal. I love it especially to do with their 101% Tradable Deposit Bonus, as through which I am able to trade ever so smoothly and that eventually makes trading so simple and easy to do.
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Old 27-11-2019, 16:38
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Join Date: Nov 2018
Posts: 83
Default Re: money management

Risk and money management are absolutely crucial for proper trading.
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