How can i make a proper money management ? - Page 148
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Thread: How can i make a proper money management ?

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    How can i make a proper money management ?

    i am trading on the forex market more than 1 years . i was a scalper , so i didn't follow any money management . i made huge money within short time and loss huge money as the the losing money was too little than the earning money . But , i don't i cannot make scalping like previous time . so i have decided that i will make long term trading . But for the long term trading money management is the best rules for ever which have to be followed by me , otherwise my money will be finished . i am following this rules . if the account ba;ance is 100$ , that time i use .2 cent lot size .

    is it too high or proper management ?

    help me by giving your valuable comment

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    application of the system of money management in forex trading is very important, so that we can avoid big losses in the forex market, with low risk of any open trading positions, this will make our trade in a relaxed, yet still many traders who are always trying to make big profits by high risk

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    proper money management means a trader risking less than 3% for each position that he place in the market. And make sure that he put a SL not a mental SL. This is important because many traders keep on changing their SL because they feel the market will reverse and they will profit. It's the wrong way to trade.

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