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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. #5561
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    Money management is key to a successful trading, trading without money management the curse of most failure in this market that traders encounter, if you want to become successful as a trader new or old you must manage your capital very well before you will have that chance to survive in this business for as long as you want.

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  3. #5562
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    Learning is the most important thing for the beginner traders therefore beginner trader should spend his good time for learning and do more practice on demo accounts for getting goo trading experience.So many strategies are available in Forex and every trader has freedom to choose any strategy for trading.For getting success trader trade the trend and use the small lot size for trading.

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  4. #5563
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    It is the best way to understand about market and it is the best way to trade with it , if we have knowledge about market and we have learning about trade so we develop profitable plan this will give trader always opportunity to work and with the knowledge so we always get good results from trade .

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  5. #5564
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    Quote Originally Posted by stanlon View Post
    Money and risk management are part of success in this business, we can have one of the best trading strategy and system but if it lack a good risk and money management we still can't succeed no matter how good the strategy is and no matter how we trust it, money management is part of success in this market, so we must learn to use a good money management.
    this thread is missing another important point and you completed it by adding risk management after money management. let us not forget to use these managements first before we can adjust our take profit and stop loss and right before we decide what to do with market. newbies has bigger responsibility to understand this first and build a strong mindset about it so they can accept the fact that trading is sometimes giving traders losses and profits.

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  6. #5565
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    Money management is very important for trader in order to survive in market and earn money. Forex market is risky and trader can lose big money any time if there is no stop loss and if he disregard money management rules. Trader can not lose much money in forex market because he will not be able to recover from losses next time.

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  7. #5566
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    Quote Originally Posted by Krosneles View Post
    Money management is very important for trader in order to survive in market and earn money. Forex market is risky and trader can lose big money any time if there is no stop loss and if he disregard money management rules. Trader can not lose much money in forex market because he will not be able to recover from losses next time.
    Exactly we will got the higher chances of staying int he real market through the well abilities to manage the money and the risks so to take the better experience and having the better understanding on all the factors that are basically we should known and gain the power of winning very effectively by using the right formation of management skills truly .

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  8. #5567
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    Money management is helpful and its been the means for traders to minimize loss and increase the means to make profits. Money management is helpful and its likely what can give us the possible opportunity to secure our funds while looking out on the chance to earn in this market. New traders should do everything to capitalize on this market and try to build a system that can help them earn well. With money management we can make it here and we can have the chance to build a winning trade.

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  9. #5568
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    Money management is an important basic in this business cause the forex market is very risky if we cannot manage the capital we invest in the market very well we will lose all of it easily. So money management is very important we need to manage our capital very well to protect it from all kinds of unnecessary losses this way we can survive for a long time.

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  10. #5569
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    Money management is one important factor we need to consider if we want to survive in the forex market for a long time cause if we can only manage our money properly and lose it always there is no way we can succeed like that, we need to protect our capital very well from unnecessary losses before we can survive in trading forex.

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  11. #5570
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    The new traders should always invest the amount of money that they can afford losing. The new traders always wants to earn money so fast from the business. That is the mindset that they have to kill first so that they can have decent trading and then investing what they can afford losing as that is one of the golden rules to being a good profitable trader.

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