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Thread: Money management for newbie

  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. #4891
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    The most important for traders in forex is toi make a profitable trading strategy because without a good trading strategy you cannot survive on this business and your earning is not possible. That is reason you must focus on your learning and use a trading method with patience which is lead you towards the success and this business and make earning easy for you.

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  3. #4892
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    If we are good in manage the money and also we can give protection to the trading account we are making the profits a lot by good skills to manage the trade and manage the money properly so these are the key factors which provide us the access to get success here and became the successful trader in this market always .

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  4. #4893
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    The thing is that money management is for all traders in the market, but the newbies being that they have some limited knowledge and trading approach, it will be better that the newbie gets to have a tighter trading money and risk management, because when the money and risk management is so tight. It will make the trader get to know how best they can proceed with the market, it will make the trader know that money making is slow and steady process.

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    To secured own trade process from any harm and secured the money that have been invested always have the great impact on us so we have to manage the money at the good time and we have to face the market all conditions that will give us the secured place in the live market with getting the prolonged good trading results also .

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  6. #4895
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    Quote Originally Posted by learner View Post
    To secured own trade process from any harm and secured the money that have been invested always have the great impact on us so we have to manage the money at the good time and we have to face the market all conditions that will give us the secured place in the live market with getting the prolonged good trading results also .
    Money management doesn't provide such help if we don't follow the rules properly. it's important for traders to act accordingly to their rules and focus on making the account as safe as possible. no need to think about market and all its risky, we just need to stay focus with our earning and safety of our account without losing a lot and recover plenty.

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  7. #4896
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    Quote Originally Posted by letsdo View Post
    The most important for traders in forex is toi make a profitable trading strategy because without a good trading strategy you cannot survive on this business and your earning is not possible. That is reason you must focus on your learning and use a trading method with patience which is lead you towards the success and this business and make earning easy for you.
    Patience is keys to everyday success on this business with higher profit. First of all trader have need to manage strategy risk or reward well the power of our trading skills and knowledge and he can make big amount of investment trading account then he can make everyday long term strategy for trading and make everyday good profit in it.

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  8. #4897
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    look for how many possibilities we fail with our strategy by opening chaotic history until five years back looking for how many mistakes that might occur, when it has been found for example the possibility of an error is 10x before finally the goal is obtained, if you have found a living to make a mistake earlier it would be good to make capital to hold 15x failures before the goal to cover if there were more mistakes than our strategy, if there were too many, just look for another strategy or the number of mistakes we could not handle with other strategies looking for capital

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  9. #4898
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    Well sir this is the best thread of the trading , money management is the best information for the newbie traders . it is very important for the newbie trader . those trader who cannot expert in the trading and no well educated in the trading so they use the small term strategy and invest small money in the trading .

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  10. #4899
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    It is not the information it is a best way to keep yourself safe and on the behalf of learning we are able to produce good results we must have to make our trade ideas and applied through the right use of money and risk management that will actually help trader to keep yourself safe and help to attain profits .

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  11. #4900
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    Quote Originally Posted by mao View Post
    Money management is not only important for new comers of this business. Its important for all traders and they must focus on it carefully if they want to earn big pips earning from this business. Newbie traders can make every day profit if they are work hard and they are never make mistakes on their trading.
    Money management is most important thing for every trader of Forex business therefore trader should spend his good time for learning and do more practice for getting good trading experience.Forex trading is not easy trader has to do hard work for getting success.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.

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