Money management for newbie - Page 559
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Thread: Money management for newbie

  1. #5581
    Banned
    Join Date
    May 2016
    Posts
    2,505
    Quote Originally Posted by choaa View Post
    The newbie in the market should be able to understand the market and know that success comes from the good use of right trading experience. A successful trader needs to trade with the use of good money and risk management. Because there is uncertainty and our trading strategy can not be perfect. Therefore we meed to use a good protective measures when trading.
    In common case where most beginners are losing their money from their first trade because they start this business wrongly without proper learning and no preparations with risk at all. Obviously it's very important for beginners to learn anything that may possibly aiding them to trade better without taking unnecessary risk from market.

  2. #5582
    Trader
    Join Date
    Apr 2018
    Posts
    3,660
    As a newbie when you are learning on how to trade with the use of a good trading strategy you ought to also use that same method to learn on how to trade with the right trading strategy in the sense that when you have got a good and profitable trading strategy then that is how you get to earn from the market. Trading with money management is one most important thing that can determine how long you last in the market.

  3. #5583
    Trader
    Join Date
    Jul 2017
    Posts
    4,109
    Money management is the key to Forex trading,if we most trade like professionals then it is very important that we use good money management because part of the process of making profits also require us to protect our capital very well,it is only a trader that has capital that can be able to talk of making profits.

  4. #5584
    Money management is important for every for ex trader, anyone who have the mind of becoming a successful trader must understand that money management is a most, because no one can trade and succeed without a good money management, money management is one of the secret to a successful forex trading.

  5. #5585
    If we lack adequate money management in forex we will have a hard time to make profits from this trade. We need to learn and we need to realize how essential it is to build our system to seek guidance to trade good. Money management will really help us minimize our risk and would sure help us know how better to plan on our trade. We can manage our capital and learn to build a better trade.

  6. #5586
    Quote Originally Posted by azaharul View Post
    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.
    Money management is one of the things that keeps a trader going. i put it to you that is your ability to manage you resources (money) very well that will determine your last-age in the trade. so try to learn about money management before trading in forex, that is very important

  7. #5587
    This is right because capital management is more important than him, if you have 1000 dollars and the administration is not good you will lose while he has 100 dollars and manage it wisely and strictly you will find his capital doubled from here we say the important thing is to be in the market capital capital no matter how important how to manage it

  8. #5588
    This is a great discusion. I've never thought about money management the way some you guys think. Thanks for sharing your opinions.

  9. #5589
    Money Management is very important factor that determines your profit so it is important to include this technique in your trading.

  10. #5590
    Registered user
    Join Date
    Apr 2020
    Posts
    2
    Quote Originally Posted by azaharul View Post
    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.
    Yes This is good tips for newbie that they can follow to get profit in forex trading. I want to also control emotion while trading and it happen when we are in loss trading.

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