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MONEY MANAGEMENT

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5:37 am
June 27, 2013


John Smith

Member

posts 26

MONEY MANAGEMENT
Why we are here in the world of for-ex?
What is the purpose people stick to there monitors ?
why is that people acting weird are they having continuous  mood swings ?
no they are not acting weird neither they became monitor lover or computer maniac lets find all these answers by exploring the world of for-ex. 
For-ex is a market where you can be a rich person or a poor so here we talk about how to save your self from becoming poor.
so for that we have to learn how to manage your money because if you don not take necessary steps to manage your money you cant survive.

money management =>
money management is a fine line that differentiate between loosers and winners without doing it you are just gambling.You are just dreaming to be a big shot in one night and wakes up in your grave of loss.Money management is a lip sevice done by mostly every trader but very few got the guts to do it. The reason is very simple and straight it happens due to the dryness.It forces the trader to monitor there positions constantly and accept the necessory losses which is a very painfull process impossible and impossible for most of the traders
note that a tader must earn 100% on his/her capital which is accomplished by very few people around the world wide for gaining equity back to its orignal point by using some techniques like break even drown down.
risk management
in this section lets talk abot what and why we need to mange the risk.its quite simple if you envision big capital/profit/money/happines/ease/luxuries then manging your risk is the only option you have for long term success.Traders are divided in two catagories professional traders and im-mature/new traders. s0 lets have a look on  all those factors which differentiate trhe traders. 
as you all know forex is a  market where people make money by applyng diffent techniques if there is a new trader who just joins the feild he'll be thinking about not only making money but alots of money on my personal experience that is the first step which leads to the demise of your capital/investments/equity. in opposition to that if you follow the professional traders they always think about how much they can loose.you must be thinking we are here for earning not loosing? so lets take a deep look new traders analyse the market check the trend of market and enter the market with thinking where they come out nor any stop loss neither they care about lot size.Brake even is a serious sin so they never even dream about it in the end you'll find their whole familyn friends in the church praying for the market to be in their favour.
now  if we talk about professionals they analyse the market make strategies fix their targets plan their trading styles take out averages think about the loss they can handel mark the exit points scratching thousands of signals reading hundreds of reports/articles/fb pages/twiters and in the end theyenter in market. once their trading starts you find them satisfying their fanticies in  minimised tabs.
dont be tensed i dont wana make you workholic maniac rarely a trader is right 100%of the time thanks to unpridictibilty of forex but you canstratigise it in your favour by following some other steps
determine your entry.
identify your risk.
take necessory losses
project your potential.
go to step 1 and follow
last but not least keep reading my articles for understanding the above mentioned rules.

8:40 pm
July 23, 2014


Jamal Mia

Member

posts 42

Money management is the most important part of Forex trading. Without having a proper money management system, nobody can win from Forex trading. only Strong money management can save our trading from getting margin call. I do trade with OctaFX, this broker always ensures my profits and give best security of my trading balance. following my money management, I am making enough money from Forex. I think, money management is the best way to save money.

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