Money administration is important in business. If we do not plan, we may face catastrophe. We have to accede our anchored asset, aqueous asset, liabilities.
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Money administration is important in business. If we do not plan, we may face catastrophe. We have to accede our anchored asset, aqueous asset, liabilities.
if you understand it well then i will say it is only important because that no strategy have the power to predict the future of the market 100 percent so in this way if the market goes some pips against you then you will have some dollars to trade with.
bas ye to sab se aham cheez ha forex trading main kioun k man es main khud bhi kai dafa kar chuka hounor main ye samghta hounk bagher money management k app es se koi bhi profit nahi kama saktey ho or app ko es main loss he ho gaQuote:
Originally Posted by DrJoe
In any business if we properly manage the money invested we will survive long and make profit. similarly in Forex trading also we need to manage our invested money smartly and never risk all our capital in one single order or more. We need to risk only some part of the capital so that we will get another chance to do trading in case of loss in first attempt.
stop loss and take money are few of the many money management techniques whix=ch basically are ensuring the profit which you can take from this online trading also preventing you from a big loss
in trade in the forex market there is no strategy or analysis is right and proper in absolute terms, at one time must have encountered an error. and that the error did not cause destruction on our account, we need the money management....
I want to say that the real forex traders must follow the system of money management, before entering any order or position they first focus their ability of the trade and what is risk level they will consider for the single trade, and everything will manage your money management.
Money management is the way a trader manages his account. For example trading keeping in view his account position. How much a trader can bear big loses. Can he recover from huge loses. Money management is the second name of a traders administrative qualities.
Money management helps us to reduce the loss. Because without proper money management we can't make continuous profit in Forex.Quote:
Originally Posted by DrJoe
I can say if money management is key to profit in forex, Every trader should be in this field firstly before start to trade. With money management we can know how much capital we must risk to gain profit and how much capital we must preserve to cover our position. nd such point will help us lot to determine our target.Quote:
Originally Posted by rezwane213