Some Money Management and Trading Tips from my experience.

These are good tips for every one. In my view most important tip is to always see the trend before opening your position. Because it will give you the right direction and will indicate the adoption of correct procedure.

Quote:

---

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.

---

For a better money management you have to take less risk when you trade something, because firstly you have to save your capital then profits will be build up.So surely you have to take risk 1-3% of your total money.But if you will be able to catch the market trend then you can take a little bit more.

takes time to understand forex. I learn and test the fundamental analysis on demo account, trading in a demo account is very important, I began to learn to operate metatrader, learn money management and trading systems in the demo account, but the demo did not have trading psychology

Every body should be follow about money management and control money management properly .If any one do not follow about the money management he will be face with crises of money . on the other hand every body should know about trade properly , if any one do not know about trading properly he can be face with loss .So i think that every trader know about money management and proper trading otherwise any trader can be suffer in problem and he can not trade properly. It is also most important matter too.

this very good article every one must keep his lot and never change it to increase profit , sometimes traders make good profit then they think they can do it every time so increase lot that may lead to loss money

Quote:

---

Originally Posted by ashar

takes time to understand forex. I learn and test the fundamental analysis on demo account, trading in a demo account is very important, I began to learn to operate metatrader, learn money management and trading systems in the demo account, but the demo did not have trading psychology

---

it really is not as easy to learn forex we reverse our hand so that we should take the time to learn forex as much to stay focused and serious, and with patience we must be very high and it takes a very long time

Quote:

---

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.

---

Hi thanks for the tips, each of them is very useful. I will keep 1 lot for the whole month to see how it works for me. And yeah every trade is supposed to be treated seriously aiming to gain profit only. and I quite agree with point 5, coz couple of years ago i was doing the trend in the running trend, and consequently I didn't get any winning chances of course.

Quote:

---

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.

---

I also have money of my own management. But after reading the 5 steps and you are doing in experience in trading forex, I became increasingly convinced that the success will be realized. I will follow the steps and you have experience in trading forex, a friend.

This is better post all trader.Every trader realize they are situation.
Here are some spread trading tips and strategies from my experience -: Know your ... Use charts or money management to help you gain an edge.

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.