Poor Money Management.

[BitcoinBabe]

This is IG traders to a T

 

[LuckoftheFX]

Money Management is the key to longevity!

 

[Jim B]

2% is a good amount to risk per trade.

 

[DaveT]

3% max for me

 

[TJ Forex]

I risk 2% per trade, risk management has always been key for me

 

[John perry]

seen some good info on money management. even tho 2% is a good start you need to adapt. after 5 losing trades down to 1% then if you are still losing go 0.05% your account will be a lot better for it

 

[Farm_Yard_Forex]

Personally don't go more than 2% per trade and that is total so will split that up if planning to scale in and out. As my account grows I would look to drop that to 1% I think.

 

[Balladotus]

I fully agree that money management should be a fundamental thing for any beginning trader. Many people underestimate this thing, saying that a trading strategy is much more important. The main problem is that beginner traders are very greedy and aggressive in trading, which is why they constantly lose their investments. Proper money management can save them from this. To learn how to avoid such situations, I recommend practicing on a demo account, where you can learn a lot without unnecessary losses.

 

[ForexTus]

Absolutely agree risk management is key