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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. #5551
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    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.

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    Last edited by stanlon; 06-29-2019 at 10:27 PM.

  3. #5552
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    With money management the newbies can be guaranteed that their account won't be blown away by their greed, the matter is very serious, those that trade cannot place money management under the list of everything they have to do for earnings, as a matter of fact this should be number one priority above anything else, your account won't suffer so much losses when you take this into cognizance.

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  4. #5553
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    Money management is one of the best ways we can actually protect our capital in this market there is no better way,with good money management skills we can trade with ease and this applies to both new traders and old ones,old traders often make the mistakes that they do not probably need to practice money management and this how they lose here.

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  5. #5554
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    Money management is the backbone of our trading career and this is the most important rule for new traders.
    In my own three years of trading experience I want to say only one thing If a trader follow just rule of money management. he can easily become a successful trader and survive in this market for long term to make consistent profit.

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  6. #5555
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    No one trader can get the survival for a long time period in the real market without having the perfect skills of management so if we are good to manage the risks and money we can easily avail the chances of success from it so this is the way to give the proper protection to own trade account from any harms .

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  7. #5556
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    Money management is the best method of the trading we easily earn a lots of money from the forex trading . the market will moves all the times when we use the best method of the trading . we use the support and resistance in our trading , all the big traders use the risky way of earning .

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  8. #5557
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    Money management is the key to success in forex market because trader can not lose much money per one trade. It is better to set the rule that trader should not lose more than 3-5 percent per one trade on little account because it can be difficult to recover next time. Big leverage is not good for trading because there can be many losses caused big size lots.

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  9. #5558
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    Through the proper skills of management to have the better way for manage the money and risks all are the important ways for working in the right forms so to define the trade in the right manners and to be good in manage the trade account from any hardness is important to give protection it and get the more chances of winning from it also .

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  10. #5559
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    Money management is important in all trader's account due to it is a good priority to have your trading account well protected. If you keep on trading without making plans for risk management you will loss and fail in the business. That way one has to follow good risk and money management help them become profitable.

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  11. #5560
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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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