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  1. #1
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    Default Money management for beginners



    Volumes of Forex trading exceed 4 trillion dollars a day. Forex brokers can help to invest in foreign exchange market almost anyone willing to obtain benefits. Hot-eyed and hot-blooded beginners often rush into trading in an eager for a desirable piece of cake. The purpose is quite understandable, though difficult to reach if you are unaware of basic rules. These rules are related to the art of money management.

    You will increase your chances for successful trading by using well-checked trading algorithms, calculating possible results and trying not only enrich but also save your money.



    For a couple of loss-making trades may deprive you of the whole deposit, a size of losses is often more important than of profits. Beginning traders often watch their expected profits turning to substantial losses. The reason is that they cannot get to close positions ahead of a good deal of money. If they use a margin, they face even worse disaster. Self-confidence and marketís favour are questionable training wheels. It is better to aim at small but constant profits and work out a strategy and follow it.

    You will definitely need some time to elaborate a strategy. Who says it would be an easy score? Start with demo and then try a cent account. Go to a classic live account after that. I would not recommend you to begin with a margin for any misfortune may deprive you of the whole deposit.



    Trading with fixed volume is an easy way to manage your money. Set a fixed limit (e.g. 0.5 or 1 lot) and trade within it. Do not open numerous positions at a time. Even if this strategy will not give you extra profits, you will save most of your money and get a foot in the door to solid profits.

    Always analyze results: make some calculations, monitor charts and study the market. Find mistakes and try to fix them. If the results are positive, you may increase the volume of trade and use a minimum margin.

    Another method of money management is to choose a part of deposit you are ready to risk. For example, 5 per cent for a trade. An advantage is that you will have the same risk portion for all trades. By increasing your deposit, you will be able to raise a volume of trades and reinvest the money including profits. However, it is not recommended to invest more than a half of your deposit.



    Contrary to self-confidence, self-discipline is essential for Forex trading such as:
    * You should know exactly where to enter and exit the market.
    * Set up stop loss levels and move them if the market favours you.
    * Close positions if you got the profits you expected.
    * Close positions if your losses reached the limit.
    * Control your emotions.

    If you failed and suffered from stress, take a time out and have a rest for a few days.
    Later you will know how to diversify risks and elaborate the most appropriate trading and money management strategy.






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  3. #2
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    My management is absolute key for anyone if he wishes to be successful and it’s not just for few trades, but it has to be there for every single trade and only then we could make it far. Currently my planning is very good with having OctaFX broker at my side with their gigantic 50% bonus on deposit, it’s really good due to been use able with the margin levels, so even as a lower investor I can still get pretty high benefits.

  4. #3
    Senior Investor gaban's Avatar
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    money management is very important in forex trading this, because by practicing good money management then we will get used to trading with have good money management. Trading with using small capital for having good money management it will provide maximum trading results

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    Senior Investor Rahul247's Avatar
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    FBS Markets offer some really good offers to the traders and its clients around the world. So for money management, FBS is a good choice

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    Senior Investor gaban's Avatar
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    trading using any capital will be maximized by good if we could manage the funds properly. Trading with using small capital for our good MM, the risk of any trouble in making our account MC. For that try trading on a demo account to practice trading with good MM

  7. #6
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    Money management is not just for beginners, it’s for everyone and if we want to be successful then adapting to good money management is the key to everything. I have excellent management with OctaFX broker since I am able to gain 50% bonus on deposit, it’s really good amount to have and makes trading all too easy for me since this is accounted in margin level which makes it so good and really allow us to succeed easily without struggle.

  8. #7
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    Money management is required for all not just new comers, but if new comers are unable to do it then there is always going to be trouble since they are always down on investment, so losing will be lot quicker without management. I have no such trouble because from day one I am working with Nova FX broker, it’s one of the best with giving mighty amount up to 111% it really helps in working with good money management in hand.

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    Money management is key to everything and for everyone, it does not matter if it’s a beginner or expert, but one trading without that will always find it harder to do things. I don’t worry all too much about money management because I have got high class broker like FMbinary.com, it provides me mighty bonus up to 100%, so with that I can always create strong money management which leads to really solid profits without much risk or difficulty at all.

  10. #9
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    For starters it should have good money management. With good money management will allow us to trade with the maximum. We can learn to manage money well in a demo account. We do not know exactly where the market will move so we need a good money management, so it will allow us to succeed in this business

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    Money management is key to every plot and if we are able to do this correctly then we can be making serious money, I am at the moment working with OctaFX broker where I get massive help to create good money management with 50% bonus on deposit, it is really superb bonus to have for starting up since this is completely use able which is what makes this so good and always boost our chances to be successful easily in every situation.

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