Poor Money Management.

SanioTire

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Messages
52
I find that this is the best approach. As a trader you always need to make research and test various indicators and methods in order to properly improve your trading strategy for optimal or best results
 

Thoris

Corporal
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112
Money management skills is very important for any trader to succeed. The problem with new traders is that they come to the market with a mentality that they'll get rich quickly, thus being duped by scammers in the name of money managers
 

Esannniki12

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Messages
38
Namsen, certainly there are. However, if you are new trader, I would recommend to you to go through trading school on this website, which is quite good. There you will be able to learn about both money and risk management which are very necessary techniques in Forex world
 

Clay Davidson

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65
You should always not risk much more money than you actually have anyway by not doing so will not give you any real profit over time cause you may simply burn your trading capital without proper money management out there, thanks for that;)
 

BaazexRep

Baazex Representative (UNCONFIRMED)
Messages
39
Keeping your money in order is an important, basic money management skill everyone should develop and to manage your money keep a track of your goals its really important to create your financial goals . Making progress toward these goes will prove to you that you are being successful at managing your money.
 

pashaev

Corporal
Messages
80
In money management, strict discipline is required. The percentage should decrease with increasing balance.
 

theforexarmy111

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Messages
101
i think trading money management is tied up to how you manage money in your daily life too.
please trade only money you can afford to lose.
dont get in debt or take out loans to finance your trading
 

FXOpen_AU

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Messages
12
I can also add that you should pay attention to money transactions you make, be aware of double exchange etc.
 
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