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  1. #1
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    Money management for newbie

    Money management is the main lesson for beginner trader. There are lots of strategy in the Forex market. Strategy is not fact for the market. If you have not proper money management then you would be must a loser trader. Every trader comes for profit but average 5% trader can gain and 95% percent trader loser. You can use any one strategy for trade and profit sure but if you have not proper money management then you could loss . So, my suggestion for newbie trader that take minimum 10k (10000 pips) pips risk as per your deposit. Because of market not move 10000 pips in short time. you can only buy or only sell for any currency pair .Take profit 100 / 200 / 300 pips. I prefer you MACD indicator for Forex trading.

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  2. #101
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    Quote Originally Posted by Ifycoguy View Post
    What each and every trader must plan here is the option to manage their capital in forex. This is good and necessary and there is no way we can make a good trade here if we don't take money management into considerations. Let's know how we can minimize our loss and work hard to see that our goals here can be achieved in a good and profitable means.
    Each trader need to manage their own capital properly so that they can get a good profit in the end. We need to always use a good money management without a doubt so we can set up the goal and see a realistic goal ourselves too. Many just do not even know where is the realistic goal after all.

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  3. #102
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    money management is key of success actually, when we have this we can make some good trade, we can avoid big risk, make sure you are using it always without money management we can not take right decision this is true, i was newbie and still some time get loss of all capital in one order becuase of bad management

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  4. #103
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    Quote Originally Posted by fahaddd View Post
    In this market we have to take risk according to our knowledge and thinking because if we go away from this then it is not good for us to take advantages we make trade and handle them according to the own knowledge and based on strategy which we build and use money management according to own thinking .
    of course , That is why exercise in a form of analysis is the best way to sharpen the accuracy of the analysis, by doing much exercise we will better know the character of the market, so it can predict which direction the market further, although would not achieve the level of accuracy of 100%, But with the amount of exercise at least would add our confidence with the analysis that we make

    Other than that we have to combine a good analysis with the use of Money Management as discipline, because it serves as a precaution when the analysis that we do is not the same as market movements. so that the loss can be minimized.

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  5. #104
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    Most newbies are not thinking about managing their capital rather they go about looking for the shortcut to make good profits from forex. When we learn to manage our trade we will constantly have a good trade and will enjoy a better option to earn well in forex. If newbies are really going to make it then it's necessary they learn to manage their capital and work hard to possibly see that success is been achieved at the very right time.

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  6. #105
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    Quote Originally Posted by Tonycee View Post
    Most newbies are not thinking about managing their capital rather they go about looking for the shortcut to make good profits from forex. When we learn to manage our trade we will constantly have a good trade and will enjoy a better option to earn well in forex. If newbies are really going to make it then it's necessary they learn to manage their capital and work hard to possibly see that success is been achieved at the very right time.
    Many newbies just do not possess the knowledge yet to manage each of them so they can hardly check the knowledge needed too in order to manage the capital. They do not know how to trade in a safe order to begin with and then they themselves do not know a safer way to make the money too in here.

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  7. #106
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    money management is something traders have to give more time to and learn, it is important, when we learn how to make use of money and risk management and then take trades that are more promising, I do believe that we will have more successful better trading experience. But then it takes a whole lot of discipline to be able to make use of money management when trading.

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  8. #107
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    I think for newbies who have less or no knowledge on how the market works, they have to make sure that they risk less. Invest less, but that should be quite after they have undergo the demo trading account and have a little bit confidence on the way they trade, then they can invest a little, probably in the cent account.

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  9. #108
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    newbies need some good tips in trading, when we trade without some good management we can be in loss, actually we need some proper way for understanding and earning as well, so make sure you are doing properly, newbies mostly make mistakes they just learn analysis not learn this and this is not perfect way of trading

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  10. #109
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    for traders who want to minimize the loses or risk, and so they need to set the risk management with well, let say set it between 1 % - 5 % per deals and it will give them comfort situations for trading,
    but before think to take the risk for trading, the first thing should be done by them with start to learn from the basic, find the information and get the knowledge with spend the time for learning and practicing then we get the skill and understanding for how to trade safely
    and second, if they want to start trading, just make small investment, not more than 100 usd, this is good enough number

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  11. #110
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    Quote Originally Posted by naeem555 View Post
    newbies need some good tips in trading, when we trade without some good management we can be in loss, actually we need some proper way for understanding and earning as well, so make sure you are doing properly, newbies mostly make mistakes they just learn analysis not learn this and this is not perfect way of trading
    A very good money management is actually what can help a trader make good profitable trade in forex and this is enough to give them success. Money must be managed well and we must practice good to improve much more in this business. Nothing is easier to come by and with the best management we will make good trading and actually stay alive to make it.

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