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i have set my living cost , if i got more than my limitation i will add it to my capital for better management , i have started my account with only $80 , but after 6 months, my capital is $3000 , & i withdraw every weak of $100 , and the rest i leave it as capital.
Not spending all your money at once and saving for future will help you two ways one you will be able to use it at better levels, than as you have more money you can use it to keep your account safe in high volatility.
that if we in the trade and we lose then we stop trading for a while. but when we are lucky in doing so we continue trading at a certain time until we know that we will stop at a particular time in accordance with our predictions.
I never move like that.I always maintain some rule>i always try to manage my account with a suitable trade.I never open a big one.I just expecting 5% return in a day.So there have a lot of opportunity to grab all the suitable position.Cause I have a suitable reserve.
we will trade in the market for our prediction correct if wrong and lose then we turn our direction in a trade or capital loss from the trade we adjust again at the next trade if profitQuote:
Originally Posted by leherchand
how many millions vanished without a trace because of forex, how many millions of savings in use for forex?
Perhaps with this tread can open and understand what steps must be done
on the issue of capital is very important and very true what you said because that name continues in the small capital traded in forex will likely result in emotions at the site ..
salute for you
yes my friend i think that this is a very good idea, and i`m already using it , and also every time i make any kind of profit i just cashout it immediately with out any delay . because as we all know forex market is very risky and also is not suitable for evey person , so be careful when dealing with this market , because it ia very big but at the same time very profitable.
yes I do the same as I never use more than 5-10% of my capital in any trade so that I can enter the market when the level is attractive though I have some postiomn in the trade at other level or I have booked loss at earlier level,
I think once you have entered a trade that is it. You should always enter at the most attractive level. Never enter early otherwise you will be punsihed. You should not average down or add to your trade or anything funny like that.