Although being paid a lesser enticement fee than a Proprietary Trader, a Money Manager on occasion makes up for it by becoming paid with an additional managerial commission (roughly 1 to 2%) on the capital under management.Conventionally, a Money Manager needs to be more concerned in the "hand-holding" of customers
who have been predictive and calculative enough to get the optimal revenue out of the industry – using the least important of currencies and pitting them against resurgent currencies in pairs! The usual saying in the forex world revolves around the fact that it is a survivor’s world out there, and without the right fighting skills, your luck won’t take you far.
if we want to avoid this mistake, then just make a trading plan. the realistic plan and realistic target per month, per year. makes sure that we can achieve the target with low risk of trading
trading plan should be the first step of a trader before opening of his position in the forex, i also insist to have a plan B in case of failure of your plan A, lack of plan means lack of profit
management of cash is primary issue for any investor,,,
target your objectives and begin forex with confidence and patiently......
Yeah, it is not easy to become a millionaire in just a one or two months. A proper learning, experience and a powerful analytical view is required. In addition, proper money and time management, and accurate strategies also play a vital role in the success of newbies in Forex. Beginners should also learn the loss and gain patience in his way to trading goals.
Quote:
Originally Posted by gulking
Well, you can only become greedy if you know how to make profits, if you do not know how to make profits, how exactly can you become greedy? the first thing to me is to know how to make profits and how to keep profits. make sure your risk is always less than your reward.
the lever that you want to use and finally the time you want to devote to trading. Your plan should also specify realistic goals in terms of ROI. That is to say that we should not expect to earn 200,000 euros in the space of two months with an investment of 20,000 euros. Finally, we need you to put in place an exit strategy for each market trades you make.
Of course, appropriate you happen to be. We will need to study from each of our faults. My spouse and i still find it the top course of action pertaining to accomplishing knowledge along with expertise concerning currency trading.
We will need to command each of our avarice along with loose time waiting for receiving indication.
yes 'u r right but unfortunately ' it seems that many individual are lured into futures trading for a lot of the wrong reasons.AND the main mistake is trading 'i think so that' 1.lack of a trading 2.using too much leverage ,3.failur to control risk .4.lack of discipline.