Newbies looks on the money management in a confused manner when it’s been discussed. The truth is that every trader must pass this stage in forex business. Sometimes you wonder why money management is been talked about in forex business. It’s not bad you wonder about this in fact you have every right to wonder why many experienced trader will tell you about money management. The truth about surviving in…
In this article, I will be focusing on the importance of money management in Forex trading. Successful Forex traders have a larger edge and better money management than unsuccessful Forex traders. After observing hundreds of amateur Forex traders, I began to discover that their failures can be explained almost exclusively by their poor money management practices. When trading, the importance of money management is underestimated by a lot of Forex…
One of the main reasons why over 90% of new Forex Traders lose their entire accounts within a few months is that they fail to understand that their new profession entails high levels of risk. To counter this problem, they need to grasp the concepts of good money management as quickly as possible. Although mastering money management does not always in itself bring profits, it does contribute to protecting existing…