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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.
2) Always count the pips first you have made,money will be banked automatically.
3)Manage your funds in a best you can,consider every trade as a risk.
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.
5)Always try to jump in market when a trend is going to start,never jump in running trend.
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Everyone must follow money management and control money management properly. If someone doesn't follow about money management, he will be faced with a money crisis. on the other hand everyone must know about trading properly, if there is someone who does not know about trading properly, he or she can be faced with a loss. So I think every trader knows about proper money and trade management if not, every trader can suffer in trouble and he cannot trade properly. This is also the most important problem.
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and also we should not trade and not lose control of our trade. Several times I keep opening new positions and it is increasingly difficult to follow them specifically if the couple is different. So I suggest trading with one or two pairs at a time so that you can still analyze your partner and you can decide whether you should add trade or stop or open opposition trade and often this is needed to trade the same I use Ichimoku to trade and when I say hello effective sign than I use a large lot and when I see the asthenic signal on that experience I use a lot of samll situations. So for me everything depends on interested businesses.
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An interesting opinion. Money management is an important thing that can determine success or failure of a trader. I agree to always keep the target. With a focus on the target, we are not affected by other conditions. But the capital must also be sufficient to withstand the floating minus.
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This suggestion is very helpful for me, I think it will really help me in my trading for this reason I think all traders must follow your advice and I will wait for your next suggestion in this forum. and so money management will limit your risk by adjusting position size, management stops, risk and return ratios and finally tracking your position that will lead you to closing your trade + most people only think about winning potential but not forgetting the loss factor. That must be part of your trading strategy. Good luck
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Dear friends believe that Those who are new in here and this post help them really very match and this tips gained from your experiences help to manages money and this kind of the trading and in this trading the money managements is an essentials thinks and everybody should have a good targets so more and more.
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Yes dear friends you are right here managenemnet is the success key in forex we must make sure that we deal with it as a forex traders. This emotion have eaten many of the traders deeply with out them knowing deep root of their problem. We need to controll this greed so that we should get through into achievement so do his duty on right time.
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Forex mai kamyabi k ley Money Management ka rule bohat aham hy agr ap money manage kr k trade ly rhy hein to ap kbi n nakam nae hoty ku k ap ka risk maximum ek trade py kbi b 1% sy ziada nae hona chahey, is k bad ap maximum ap 3 trade lain jin mai ap ka total risk 3% ho ga jesy ap asani sy manage kr skain gy
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Only for this money management I lost several thousand dollars in this market ... Because I traded with bigger lots to maximize my winnings ... but my capital is small ... And for this I often receive margin calls in my trading ... But when I know about money management ... I changed my trading style ... and now I can last a long time even with my small capital ... I hope I have this strategy faster in my life ... :)
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This is a very good sign to share. I believe justification here you describe how we can treat our probabilities in an easier way & I think this must be maintained by everyone to change growth. and forex money management is a process even though traders manage their accounts. Forex money management is very important for traders. Good money management to help protect your account with adaptation. If you follow good money management it is very risky to lose capital.