Some Money Management and Trading Tips from my experience.

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Originally Posted by atif58

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

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I agree with you, manage funds is one of very important thing in forex trading.

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Originally Posted by atif58

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

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How you can know a trend is going to start? I often jump in market whwn trend is running.

I will agree with all these points especially to consider each trade a new trade and every trade as risk associated to it, but i dont agree that we should try to catch the trend when we expect it is starting but taking advantage of running trade is wise and safer too in my opinion.

i see that points number 5...i still do not understand with jump in the market...so the trader havhe to put the order before the trend move back?
well this is risky then they have to accept to hold floating minus and how if the trend continue the breakout ?

money management is helpful in trading then it would be wise at all if it is not done. My best suggestion we have to use his money management so that our money can be set as closely as possible in order to fund the trading of our lives.

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Originally Posted by atif58

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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i strongly agree with this post. But if you divide you monthly posts on weeks and then on days then its easy for you and you can easily get your desired results. but never go a head

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Originally Posted by atif58

Some Money Management and Trading Tips from my experience.

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Well my dear I am totally agreed with you and your article that money and the risk management has much more power in the Forex market so if any body wants to earn the money from the Forex market than he has to obey the rules of the risk and the money management.

Yes, the most important tips. I will act according to his method. His method is suitable for good companies profitable. We all remember these five tips. money management, the first and the first and the first.

Whatever nowadays its essentail to trade similar i use ichimoku for trading and when i perceive a effectual communicate than i use large lots and when i undergo flaccid signaling at that indication i use samll lot filler. So for me everything depend on the danger engaged.

One advice I wanna.. Although Counter trading can be profitable sometimes but try to trade with the trend only.. Trend reversal trading can be really tricky sometimes than pullback trading.. So just try to find a trend and ride with it.. Its one of the easy and safe way to trade this market..

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Originally Posted by kalponick

One advice I wanna.. Although Counter trading can be profitable sometimes but try to trade with the trend only.. Trend reversal trading can be really tricky sometimes than pullback trading.. So just try to find a trend and ride with it.. Its one of the easy and safe way to trade this market..

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well sir suggestion that it is very acceptable because it sometimes makes sense to use the counter trading market could be stuck with the state of the country's currency, but when we trade with the trend then we must be able to cope