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Poor Money Management.

Discussion in 'General Forex Talk' started by Jeff Martinez, Oct 2, 2017.

  1. momo3HC

    momo3HC Corporal

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    Actually i`m using 2% per each trade. If i`m very sure max 5% but that`s very rare.
     
  2. SanioTire

    SanioTire Recruit

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    Kristen, 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
     
  3. Thoris

    Thoris Private, 1st Class

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    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
     
  4. Namsen10

    Namsen10 Recruit

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    Is there any good books or courses about Money Manangement ?
     
  5. Esannniki12

    Esannniki12 Recruit

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    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
     
  6. Clay Davidson

    Clay Davidson Private

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    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;)
     

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