What are you said is true, friend. Money management will help us to trade for longer time and lead us for growing till success. it is hard to maintain our account without proper money management. Also we can avoid heavy lost with money management.
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Yes, money management is essential in forex trading. I think we should not invest all the money in forex at a time. We should invest one third of the whole money. Always should open 0.01 trade so that account will not be zero. After making profit we have to withdraw 50% of the profit at every week. I have to abide by the rules of my money management all the time.
Yes, I do that now every time. From this one of forum's thread, one member share an easiest way to calculate money management. He said divide your capital with 1000-2000 and set your lot size. Isn't it great friends?
very true friend. money management education is a very important factor. management will help us to be able to minimize the risk of loss in trading. good strategy without management support also would be a bad result.
Management of consistently use in my opinion is to choose Management of money that we think is the ratio of profits is greater than the losses, capital is important to be strong, as well as mental and Management of us should be strengthened also facing a changing market turmoil is evident in a short time ..
technique is easy for a newbie like this alone, I am still a newbie by chance, so the calculation is like this:
equity divided lots that use having known the result of the division will be known how many pips that balance durability. if the price is still not in line with the OP then we can know how many pips again balance will suffer margin call and we can be ready to cope
most beginners do not learn money management well, they've learned when it started to fall up aliases loss continues, when in fact management is necessary for a trader whether novice or an advanced,
Good money management is a very low risk of capital risk.
If you want to profit from forex you should get enough knowledge about money management.