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    Proper money management

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    Faf Plesis

    Posts : 457
    Join date : 2017-03-19

    Proper money management  Empty Proper money management

    Post  Faf Plesis on Mon Jan 15, 2018 1:28 pm

    There are several ways of money management. These are given below:
    -avoid trading too aggressively,
    -admit when you are wrong,
    -prepare for the worst,
    - Envisage exit points before entering a position,
    -respect and understand leverage,
    With Trade12 I can operate this nicely. They cash back withdrawn money in just time and take the lowest amount of charge.
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    Eric Weller

    Posts : 596
    Join date : 2017-05-02

    Proper money management  Empty Re: Proper money management

    Post  Eric Weller on Fri Jan 19, 2018 1:53 am

    Forex platform is a place where you will have to face losses even if you have the best trading strategy. No trader can prevent losing trades or money in this business. But we can surely control that losing amount with proper money management. For making money management you have to consider your balance, margin, leverage and your desired profit ratio. I get 2000:1 leverage from my broker AAFX. For such high leverage I trade with 1:2 risk and reward ratio.

      Current date/time is Sat Aug 24, 2019 1:07 pm