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    Junior Member Salma is on a distinguished road Salma's Avatar
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    Follow money management help.

    Forex money management is a very important subject for a trader. Money management is a process through which a trader mange their account deposits. A good money management to protect your account capital. If you follow a good money management is a very low risk of capital risk.

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    Member biyen will become famous soon enough biyen's Avatar
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    It is important to be consistent in the amount of money that you place on each trade. Do not trade 1 lot, and then later that day trade 8 lots, as this is a sure-fire indication that you are not confident in the rate of success of your trading system.

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    Member Amitpaul is an unknown quantity at this point Amitpaul's Avatar
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    Money management is an important term in forex trading. There are many traders who don't want to learn more about money management. I suggest them to keep updated with money management.

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    Dear Amitpaul, thanks for your nice advise. would highly appreciate your kind efforts please kindly advise which points should be considered strictly to maintain a strong money management system.

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    Quote Originally Posted by biyen View Post
    It is important to be consistent in the amount of money that you place on each trade. Do not trade 1 lot, and then later that day trade 8 lots, as this is a sure-fire indication that you are not confident in the rate of success of your trading system.
    You can trade with 1 lot if the losing amount will be 1-2% of your capital. But if this amount is responsible to blow your full account, then you should not trade with such kind of lot size.

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    Senior Member malikysd is on a distinguished road malikysd's Avatar
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    Quote Originally Posted by biyen View Post
    It is important to be consistent in the amount of money that you place on each trade. Do not trade 1 lot, and then later that day trade 8 lots, as this is a sure-fire indication that you are not confident in the rate of success of your trading system.
    Unfortunately most traders are attracted to the Forex market for this reason. Mainly because of the publicity showing or rather trying to show how easy is to trade and make money in the Forex market.