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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. #5001
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    For every trader in the market its important to follow risk management and money management if they want their trading account to last a long time.many traders don't take this serious and that is the main reason why they lose their trading account to the market,i like using this while trading no matter how long its gonna take me to grow my trading account.

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  3. #5002
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    Every trader needs to follow money and risk management rules. Money management is on of the most important things in forex market as it does not let to lose more than 5 percent per one order. There are traders that do not respect the money management rules in forex market but they all end with loss of account and money.

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  4. #5003
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    Money management is very important part of this business and if we want to earn the high profit from this business then we must need to know how to make a good and effective money management. No one can get money from forex trading until he is know how to make a good money management. If they are not follow the money management then they can never make earning from this market.

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  5. #5004
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    Money management is the key for winning the profits with protecting the money that we have invested for so we should to be very good in the proper money management skills and also be the good trader that can manage the trade with whole the risks and also work well with picking the right paths for working in the accurate manners .

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  6. #5005
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    Money management is one essential thing for newbies who are looking forward to be profitable. Management of trade is important and once we can build up a perfect trading system and minimize risk, we will be able to stand proper on making promising earnings. Newbies must be patient enough to always work with good money management and do not allow their impatience towards making fast money lead them to loss.

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  7. #5006
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    Quote Originally Posted by isaac View Post
    Money management is one essential thing for newbies who are looking forward to be profitable. Management of trade is important and once we can build up a perfect trading system and minimize risk, we will be able to stand proper on making promising earnings. Newbies must be patient enough to always work with good money management and do not allow their impatience towards making fast money lead them to loss.
    I am agree with you , Money manage is the best option to save the money and get the probably chances to wins the accurate trade results from this market so having the good strategy and proper management powers always essential for winning the profitable trade results and get the success safely from the forex market on the daily basis .

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  8. #5007
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    Quote Originally Posted by mudassor View Post
    Money management is the key for winning the profits with protecting the money that we have invested for so we should to be very good in the proper money management skills and also be the good trader that can manage the trade with whole the risks and also work well with picking the right paths for working in the accurate manners .
    Money management is a good way to make our forex account to be correctly managed. If a forex account is correctly managed, it will show that the account is no more in danger, forex traders can trade it peacefully without any panic. Forex trading with the good money management have to have the backup of the solid forex strategy too, without that still, no success could be recorded by forex traders.

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  9. #5008
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    Most time the reason behind the misuse of the money management is simply because most novice or newbies forex traders are trying to make huge amount of money off the market which have always lead them into huge loses too and even blowing out their trading account before they would understand what they are into. Money management is the most safest means of lasting longer in this trading business and it allows you to keep on learning while you are making a lot of mistakes which would never lead to losing everything in your trading accounts, but it is not the same when you are abusing the risk management due to the fact that you might never last another day.

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  10. #5009
    Trader juniorpeters's Avatar
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    Quote Originally Posted by ponce577 View Post
    Money management is very important part of this business and if we want to earn the high profit from this business then we must need to know how to make a good and effective money management. No one can get money from forex trading until he is know how to make a good money management. If they are not follow the money management then they can never make earning from this market.
    its very important but you can also trade without it and make money from the market.why most trader talks about it is because when you risk too much of your money trading the market you can easily lose your money taking wrong trades.i most times do use money management to trade because i understand the market and know when you take a high risk in trading Forex market.

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  11. #5010
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    Quote Originally Posted by Eneregha View Post
    Money management for newbie is very important role that they need to take very seriously, because without a good money management, a newbie is likely to lose huge amounts to the market at once to the market, so therefore it's important for a newbie to take money management very seriously cause that's the only way for him or her to protect the capital.
    The taking of the money management seriously is left to the traders of the market, we all have to take the money management seriously, this is the way that will reduce losing in our trading and increase the power at which we are trading to stay in the market for long without losing our money so fast. Money management is one of the secrets of successful traders, no trader that is not using it that can trade for so long.

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