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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. #5521
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    Good money management is the right thing we should be working for and we should take the very right steps to build the best trade that will sure help us earn good. Every trader must have the right plans of managing risk and do everything it takes to maintain the very best profits they will sure help their trade and see they get on making profits from this business.

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  3. #5522
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    The main reason of success or failure in forex market is risk and money management. Traders are successful with good risk and money management and they lose money if they do not respect money management rules. New trader like trading with big size lots and little deposit so lose money very often because such trading is wrong.

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  4. #5523
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    Risk and money management is as a general factor that all traders should endeavor to make use of, being that the market has a higher potential risk and then one who hasn't spend a lot of time learning might not be able to understand the market whereas not being able to know the movement of the market, so money management doesn't avoid losses but slows it down and make it lesser.

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  5. #5524
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    Experience with money management is your best opportunity to become very successful, when this is adequately given its proper attention, success is what that will result in, but in a situation where we are slack and never intending to use this for our trading, we will lose money anyhow, trading is more difficult without the applied knowledge of this issue.

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  6. #5525
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    A good trading experience and good money management are what we need to trade and had more chance of success and survival, if we don't make use of a good money management we will lose heavily most of the time, it is very important for us to use good money management in our trade because it is the only way to protect our money.

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  7. #5526
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    Quote Originally Posted by Penuelophir View Post
    Making use of the good money management is the best thing anyone who desires to start learning how to trade and lasting in the field of forex market for a longer term would be doing, without mastering the use of this very effective trading tool then it is useless to even start trading the forex market at the first place because you would end up losing everything in your trading account without wasting much time.
    The use of the money management is essential to the market. The money management will never let us trade badly and we will be prudent in the way we are trading. It is the traders that are trading without the money management that has their account wasted at regular manner, we have to stop that so that we can trade rightly as we should.

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  8. #5527
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by ajagbeolegba View Post
    The use of the money management is essential to the market. The money management will never let us trade badly and we will be prudent in the way we are trading. It is the traders that are trading without the money management that has their account wasted at regular manner, we have to stop that so that we can trade rightly as we should.
    Counting on many things at once is our job to do regularly as Forex traders without feeling any tired or bored. It is our choice to trade in this market so we must dedicate ourself completely to the business to help ourself achieve everything better and easier with knowledge and experience. Soon we can get what we want to know and master more setups with our strategy after learning with it for longer time. Money management, good emotional control, deposit and other types of managements are all important to have.

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  9. #5528
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    Many trades, as many as possible, and small volume - that is the best combination for newbies.
    The large number of trades, preferably executed according to some strategy, will give the trader experience. The small volume will confine the damage cause by aforementioned trades to a small part of the account. It is important to do trades no matter we'll be losing because that's how we get experience. Demo trading is not a substitute, it's just not trading.

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    Wow. Much Forex. So Monies. Very Opportunity.Many Trade. So Amazed. Wow.

  10. #5529
    Trader Batavia's Avatar
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    money management will determining that traders will success or not because in this business we have to be able to manage our fund and get awareness about risk if trader does not have money management they will not get a good result and they trading will not proper and regular. money management is very recommended for all traders.

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  11. #5530
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    It is necessary that newbie traders should take money management seriously in their trade to avoid stop out. Money management is one of the most important aspect of trading fcrex because it's very difficult for you to succeed trading in the forex market if you are not making your investment properly. I am also following the proper money management and getting desired results.

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