money management - Page 14
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Thread: money management

  1. #1
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    money management

    brought the total of $ 100, managed to earn another 100, you already have 200. You fame and praise! Remove immediately starting $ 100, they are your blood, then continue your game seems to have benefit from hundreds again.
    So your ruin mentally go to zero ...
    Good luck!

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  2. #131
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    Actually it is true that nobody or trader can control what the market does, so it is important for all traders to make use of proper money management in their trade if he or she thinks to last and succeed in forex market, as a trader money management should be your first priority in this business of course we all know that forex is a risky business.

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  3. #132
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    Quote Originally Posted by solo2000 View Post
    brought the total of $ 100, managed to earn another 100, you already have 200. You fame and praise! Remove immediately starting $ 100, they are your blood, then continue your game seems to have benefit from hundreds again.
    So your ruin mentally go to zero ...
    Good luck!
    I don't really understand what are you talking about, I think you say that we should invest $100, change it to $200 (100% profit), then we should withdraw all profit ($100), then continue to trade with $100 again.

    My question is, how if you lose those $100? Will you reinvest your $ 100 into your account? That is wrong money management.
    Why you should withdraw all of your profit? I mean... what is the reason of you doing that? are you worried about losing again the profit that you already get?
    If yes, then you are not a profitable trader, you still as a loser. Because if you are a profitable trader, you will not lose all of your balance whatever the amount of balance in your account.

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  4. #133
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    well money management make your account safer on any market. market some time goes unexpected which always washed account as you say your 200$ account is very less which can easily washed if you will not use money management and sl so always use Monet management for safe profit :)

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  5. #134
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    A newbie should create a plan before start trading. If can your success probability will grow. Mind it need a proper plan to get success on Forex. You can follow an expert, How are they doing.

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