Some Money Management and Trading Tips from my experience.

[uptrendmen]

money management is necessary if trade do not want to lose in trading, to me, i always fix my lot size in 1 month at least, never take risk over 5 % in my account for each trade i take. this skills must combine well with risk management to give good result in traiding.

[shohagpal]

Trading in commodity market is not game of everyone. It needs lots of strategy and concentration while trading in the commodity market. We Define intraday trading is the process of buying and selling the financial materials within same trading day .Traders in this category are called active traders and day traders or active traders.In this category traders may buy and sell many times in a trading day and may receive trading fee discounts from their brokers for the trading volume.

[fxmoney]

An interesting opinion. Money management is an important thing that can determine success or failure of a trader. I agree to always keep the target. With a focus on the target, we are not affected by other conditions. But the capital must also be sufficient to withstand the floating minus.

we must have to make target but you dont have to try to catch that early as it may take you towards the loss. so you must have to think properly about the trades and dont take any trade nakedly in this market as that trade will blow your account at any time.

[mashbahah]

That's true, the most important quality of the Money Management ours, with large capital lot great grab 10 pips too risky, it does look easy but we also have to take into account the level of accuracy of our analysis, that the path towards 10 pips smooth, otherwise it can be dangerous, if the floating first

[WDholic]

An interesting opinion. Money management is an important thing that can determine success or failure of a trader. I agree to always keep the target. With a focus on the target, we are not affected by other conditions. But the capital must also be sufficient to withstand the floating minus.

[suzonbmw03]

Dear, 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.Some times its essentail to trade like i use ichimoku for trading and when i receive a powerful signal than i use bigger lots and when i receive weak signal at that time i use samll lot size. So for me everything depend on the risk involved.

[aptx4869]

many ways to become successful in anything you do, but one of the most effective methods is folowing the behaviors of someone that is successful in your field. If they�re making good money than they�re living proof that their methods actually pay good money.

If we are have some friends on our field and they are success trader i think we can try to learn and study about forex marker from them. It will be great. But, the problem is if we are do not any friends who know about trade on forex market. so, we need to learn and study about forex by our self experience. Not easy, but we must not give up. Long and hard process is passed by success trader to get their financial freedom. We must be follow their step if we are patient and do the hard work.

[alexan]

Having a acceptable abstraction of money administration is important in maximizing profit. Money administration is an important weapon in aspersing accumulation accident in forex . Many traders carelessness money administration which aftereffect to loss.

many ways to become successful in anything you do, but one of the most effective methods is folowing the behaviors of someone that is successful in your field. If they’re making good money than they’re living proof that their methods actually pay good money.

[xomes]

Control is going to restrict your danger by modifying the place dimension, management prevents, the danger and come back rate and lastly monitor your place that requires you to the ending of your trade+most people only think about successful prospective but do not ignore the reduction aspect. It must be part of your dealing strategy.

I think there is alot of forex trading tips which are posted on forum but as good trader you have to chose the best you need that will give you profit. more over its about management strategy,psychology, e.t.c

[sagda]

I think Every thing not just strategy have its own side effects and give positive and negative results you should change your strategy after some time but before using it first test it in demo account.