Forex trading moneymangement

[mumuy]

If you are beginner and you want to learn Forex then you should know that Money Management is one of the most important components of forex. So Money Management refers to the strategy that know how to take risks to make a steady profit, but always being careful not risking all that money and lose them. Thus in general for beginners, my advice is: if you have $ 1,000 in your account using a maximum risk of 0.10 Standard Lot per transaction (on Insta 0,10 lot = 1.00), and within 3 transactions simultaneously, and a reasonable stop loss of 50 pips.

In the forex trading money management is the very essential. When you have more knowledge in the forex trading money management then you can earn more money from the forex trading. Any views on this? This is just my opinion.

[Paul75]

Yes you are right money management is very important in forex trading else you can not succeed in trading.

[gaban]

Financial management is crucial in trading. Point to prevent things that are not desirable. we may not invest all our money in trading. because if there is a great loss we still have spare money.

[Uncle_Gober]

Money management is very important in forex trading, a trader should have it to maximize our trading capital. We can use welcome bonus from broker or make minimum deposit to train money management skills. I think 15 EUR is enough to test our skills, get it in Armada Markets.

[thelastbear]

Everyone is different when it comes to money management or risk management so there is no set formula which is the best. €15? That is the exact type of misleading advertisement which causes new traders to lose. In order to operate a micro-account you should have no less than $100 and that is nothing more than an account where you learn how to trade, don't expect to make any money in it. A mini account should have at least $2,000 to even get started while if you want to run a standard account there is no point with less than $10,000. Please tell me how €15 is enough?

[gaban]

Money management is very important in forex. Without good money management, trading we can not possibly flourish. With money management are good, we can determine how lot that we will take, how much leverage we choose. with so, trading will we survive.

[Uncle_Gober]

It's way to maximize capital, minimize risk in forex trading. Money management is very important. Without good money management and good application, we can not maximize our capital in forex trading. Try to hone our money management skill using minimal amount, such as welcome bonus from Armada Markets.

[gaban]

Money management is very important to do by a trader . We should be able to determine how much capital we are , how much leverage we use , when we have to buy and when to cell . It is all important to do . Without us knowing good money management , then trading we will have an even greater risk . And the most important thing in trading , we should not be greedy .

[mumuy]

I agree, since money management is the lifeblood of every trading without it you can't stay long in forex trading.

[gaban]

Without good money management, we can be a greedy trader. And it is not good for our trading results. With good money management, we can maintain our trading any longer. So we could still exist in forex.