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indeed money management will require into account all related to our money for trading. thus will that money management is a vital factor for our benefit, as it can confirm how we use our money in trading. if we use our money well, it'll be we can never expertise the loss is just too nice.
Yes, I agree. Money management is must for forex trader. A trader with simple strategy can make consistent profit in forex trading if he/she follow proper mm. But most of us becomes greedy and take maximum risk to catch all the opportunity. Some trader place too many orders trade with high leverage to catch the peak. But it is losing game. If you lose your account all your affort, time and money is loss.
There are steps to take in forex to really understand money management. Most traders do know the functions of money management, but they fail to implement it because they lack understanding to how it works and the right ways of doing it. So they rather stick to the old pattern.
this indeed has to be a natural factor for those brow did we learn how to actually do money management, other then within the practical level it won't be straightforward it also will certainly be able to help make repeated mistakes happen, other then if its a serious brow ought to never offer up as being disciplined in trading
money management is controlling during this business out to set the quantity of risk that would be able to get lost in our own trade and then we were extremely able out to obtain the trade out to trade for higher money management thus we simply will always execute with discipline in trading
after loosing 2 live accounts, i ma now sticking with a strict money management for my capital, now am risking at most 10% of capital only in like a 90% successful trade. I do though advice newbies not to overcome the 5% at most in their open trade(s). In forex trading the ones that succeed are the ones who tries more, meaning having strict money management so whenever a trade goes wrong, they try again.
Capital management needs proper guidance and capital commitment and sound enters in the trade to become a capital increase in a proper manner
the craving that makes us destroyed. if perhaps we were able to actually management ourselves to actually management our trading, we can certainly be cooked once more in trading and realize not waste the funds in our own trading account
in my knowledge business principles in which we use very little capital to get a very large profit. so the risk is that we have very comparable to profit hehehehehehehe....hopefully we will get a lot of traders who can learn this way.......
the feelings can possibly be managed after we skilled the management properly and after all conjointly implement too out to be correct, therefore we won't think of mm too, that conjointly led out to affected feelings, however if we are definitely not glorious mm execution would have an impact on our feelings.