Some Money Management and Trading Tips from my experience.

[Razor1911]

Money management is always necessary while trading. Without proper money management no trader can have better results in trading because a proper money management will always help a trader to keep track on all the transactions they are doing and if they can find some negative results that they should take necessary steps to cure that mistake. That is why money management is always necessary for every type of trader to make better results.

[rodro]

Yes, i agree with you. Some money management is more effective way to earn profit and learn about others things.

[jawaid123]

Here are some free forex trading tips and tricks I have managed to gather from my own experience:
1. The amount of all opened forex pairs� positions should not exceed more than 30% from your invested capital.
2. Do not risk more than 5% of your capital per one forex trade operation.
3. Cut your losses short and let your profits run. According to statistics even the best and most experienced forex traders can boast of only 40% of successful trades. That means, 60 % of their trades are losers. So how do they trade and stay in the currency market? Simply the proportion between the losses and profits must be at least 1/3. Sometimes you can risk 1/1, but then the number of your profitable trades must outnumber your loosing trades.
4. Do not try to avenge the market if you have suffered a stop loss. Do not double your positions if you are on the loosing side and the trend is going against you. You might want to double your profitable positions in a trending market.
5. Take some rest and shut down your PC if you have suffered a loss. Drink some tea, read a book, go to a movie, whatever�Do something that draws your attention from forex. Remember, everyone has some bad and good days. After your emotions have cooled, analyze your mistakes: where did you make a false movement, when and why. After your analysis wait for another opportunity to enter a forex trade.
6. Always use stop losses and profit taking technique. You never know when some central bank will decide to make currency intervention and you will suffer margin call.

[pro2]

Thankyou very much for your good post.I have read your post just after a huge loss that i made previous night.Yes Money management is very important.Too much expectation with small profit is also very dangerous.When trade is in profit there is a tendency that i can make more.this tendency ruined my capital.So always be consistent in your target.Don't target more with small capital.

[jefricha]

i believe this is often smart recommendation for those beginner out to reach success within the whole forex market. and delicious that i liked is once you achieve the objective in todays
trading as profit from smart out to not or hoping to enter other deal and maintains a profit these days.

[arslan.insaf]

i agree with you on the point that we should never jump to an already running trend because it comes with a lot of risks so we should prefer to chose a starting trend in order to prevent much risk.Forex news could also be the great source to chose profitable trades.

[001]

While doing trading Always follow these 5 point to be a profitable trader

1) Never change number of lots your trading for a particular month,use a fixed lot size for each trade,it will help you take same decision for each trade and easier money management.

I think with increasing our capital, so we can change our LOT. as long ratio LOT and capital still same, it will okay

2) Always count the pips first you have made,money will be banked automatically.

I dont know what your mean on it

3)Manage your funds in a best you can,consider every trade as a risk.

Yes Risk is the important thing to manage before we trade, so watch on this step

4)Always keep a target for you trades, remember we cant catch every move of market but idea is to make consistent profit so don't expect huge profits in short period of time.

I agree too with this. Target can keep our self from overtrade

5)Always try to jump in market when a trend is going to start,never jump in running trend.

The problem is we never know what time trend will start

[aliv]

Money management is a way to survive in the forex business, because good strategy requires money management should be good as well, we can control the trade well. so we can keep the focus in analyzing.

[fxeon]

It should not come as a surprise that there are some Forex affiliate programs out there that are actually lying and being dishonest. Truth be told, even some of the stories are fake. But what you should do is try to focus on the good part: this really is a good money making opportunity that can bring you lots of benefits if done in the right way. It can be pretty much close to impossible to measure your chance of being successful because this type of activity involves far too many variables. The only key to success here is by trying, trying and trying.

Not only money management and technical analysis in enough for take profit from forex, but also you have complete knowledge about forex currency trading and with money management also you have already set your TP and SL.

[dennyandre]

Do not Let Your Emotions Control If you are a trader who is long play forex, you would have understood that the price movement is full of traps and pitfalls. Prices can suddenly go down, lure traders to sell, a few seconds later the price rebounded more quickly, making traders trapped in a sell position, but the actual price direction is up. Yes .. You walk into a trap .. and again ... losssss Often traders loose causing loss of control and emotion. And if the trading life of the emotions, no matter how great trading system,