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Money management is the only way to be successful in Forex. Without proper money management it is not possible to exist in this market. Without money management Forex is the most risky business. So for being success in this business we have to follow money management strictly. According to money management to take more than 2% risk is prohibited. 2% risk means .20 cent is allow to open maximum vol of trade among 100$.
Good analysis is much better...because if you have good analysis and win profits consistently then you are on the right track. Let say you have good money management but your analysis always suck and fails you...your trading account balance will eventually dwindle down sooner or later...
One thing i know about the management of a thing is that traders of this market must be very careful in their trading accounts, it is the managerial skills of knowing your risk and what you are risking it for that makes the difference.
Forex main sub say important thing money management hi hai agar ap usko manage kurna seekh jatay ho to ap successful trader bun suktay ho aur yeh apko experience hi day sukta hai start main yeh sub manage kurna boht difficult hai laikin jistrah apka experience level burhta hai usi trah money mangement bbhi ati jati hai
While the idea of money management may seem difficult, it's really not. It's like any other skill -- you just learn it. No matter the amount, you can start practicing now. Then when you have more of it, you'll already have good money habits in place.
Need to know more about forex trading. for money management you must have to use demo account for first time.
I know that its the best thing to learn how to manage a account or money
Money management is like our bone in forex trading business without money management it is impossible to maintain and improve our account . Good money management always lead us to use not more than 5% risk each order .
If you read everything you find about Forex, it won't take long for you to become an influential authority. Whether you're a futures broker,
yes bro ia greed with yhoua dn i think if we will work with the full plan and with the mangment then all the things wiull automaticaly good and oit is bestQuote:
Originally Posted by bisma
money management is the most important thing in Forex if the administration were not good you'll lose all your money and also there is patience and practice important next to good governance