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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. #5441
    Trader Sixteen's Avatar
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    New traders that are looking for the right chance to make it here should understand that they must learn how to manage risk and build a better trading that will give them access to make a better winning trade. Money must be minimized and we must do everything necessary that will help see we can make successful trade. Newbie must keep it up to learn and they must learn to build a solid measure to make it. As long as newbie would learn, they can have the possibility to make success always.

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  3. #5442
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    Quote Originally Posted by Sixteen View Post
    New traders that are looking for the right chance to make it here should understand that they must learn how to manage risk and build a better trading that will give them access to make a better winning trade. Money must be minimized and we must do everything necessary that will help see we can make successful trade. Newbie must keep it up to learn and they must learn to build a solid measure to make it. As long as newbie would learn, they can have the possibility to make success always.
    For good trading basically we need a strategy and risk management, as part of risk management we should have expectations according to our size of deposit. Many newbies have wild expectations in Forex and hence cannot follow risk management, further following risk management is more about being a disciplined trader. Even some beginners might be good at following money management and some experienced traders might be still reckless with it.

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  4. #5443
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    Money management is an important property for getting the safe and reliable winning powers because if we good to manage the money we will definitely take the good way in which we can secure our trade income so to work with good skills and having the lot of experience always important to gain perfect winning powers .

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  5. #5444
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    Money management is important to every forex trader and not just the newbies trader's, anyone who wish to trade forex successful must make use of a good money and risk management, without a good money and risk management we can survive great loss in our trading, so it's very important for every serious trader to take money management very seriously.

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  6. #5445
    Trader amjad23510's Avatar
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    Money management is the most important thing for a trader. When a trader trade with the help of proper money management then he would not take big risk and he would trade in some limits and such sort of trading does not cause any sort of stress.Forex online trading is highly risky and it can cause loss at any time so you should have or target and not to take the big risk because survival is the most important thing for the career of a trader.

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  7. #5446
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    Managing the risks is very important if trader wants to survive in market and earn money. Traders should accept little losse that they can recover next time. Big losses are hardly recoverable. Traders that do not use money and risk management so they lose money sooner or later. All experienced traders use risk and money management rules.

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  8. #5447
    Trader famousfx's Avatar
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    One of the rules of trading the Forex market is making use of money management , it is a way of trading without stress , money management protects traders' account from being threatened by the market, the use of high lot is dangerous to traders , it may wipe off the account if care is not taken in trading.

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  9. #5448
    Trader Batavia's Avatar
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    all traders must have money management even though for newbie they must learn for it and it can help them to manage their fund in this business. the importance of money management it is for regular trading and our trading still under control and we just following that rules and don't break it

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  10. #5449
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    Money management play big role in the market for trader's, trader's who make use of good money management always find a way to survive in the market for a long time. Trading in the market without money or risk management is too risky, we need to always make use of risk management cause this business is too risky for us to be trading without money management.

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  11. #5450
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    The movement of the market is such that no trader can predict in a day just as we can not accurately predict the direction of the market most time. The market can decide to have either a low or high volatility any time as long as there are factors that can give the push. Our knowledge of this fact is what should guide us in been very careful about how we manage money and risk so that when there is a great push in the market , we will not be caught napping.

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