General advises and experiences sharing for forex traders

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Luke Hansen

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Forex is one of the most potential investment fields today where traders are receiving chances to earn money from home. But unfortunately, majority of forex traders are not successful in this business due to lack of proper money and risk management. So, it is the responsibility of a forex trader to ensure proper management of his funds, risk and time properly, otherwise he may lose his whole trading accounts also.
 
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Luke Hansen

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Improving the Risk Management Plan

There are several trading methods to stay away from our mistakes on forex and avoid losses. Though we all know that it is essential to adopt proper risk management, we can’t guarantee that our risk management plan will continue to be perfect. Since forex is an ever changing market, we continuously need to modify the risk management system otherwise our trading journey can be hampered. We should create a high excellence trading plan where all of our prospective risks will be included.
 

SeanBlair

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Yes, sure we have to improve our risk management plan. Please attach some example..
 

Halt

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Investment and management has a great relationship. You have to manage your account according to the demand of the market. Your analysis are the key factors which will motivate to invest smallmon large on a particular currency pair. So analyze well and be profitable!
 

Electric Rainbow

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Money management is necessary in Forex trading and any other trading or business venture. Money management is necessary because there is a universal truth that money comes hard and goes easy.
 

Luke Hansen

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Money management

Money management should be an essential element for the trading journey of any foreign currency exchange trader. To ensure the achievement of trading goals, a trader must answer few questions:
How much he needs to take on the trade?
How much money he should invest?
Which time frame is most appropriate as per his trading strategies?
How much profit margin does he try to win?
A right answer to all questions can help a trader to decide on his trading strategies.
 

oliver1007

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$100 is enough for starting trade with minimal lot. Use Asia market hour for save on trade and only 10% risk.
 

Electric Rainbow

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Money management is needed Because no matter how accurate our analysis is, and hoe experienced we are as Forex traders, we are still dealing with the future event.
 

Luke Hansen

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Managing funds with risks and time

Working with funds in the forex market is not always easy since forex being an over the counter market has many infrastructural threats of doing business. Thereby, a trader must have some basic ideas about the financial market trading tools and techniques. Again, alone money management can’t help a forex trader fully. He needs to combine his fund and risk management activities properly along with the efficient and timely trade execution decisions.
 

anton.blood

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Hi Luke, please give us example about good money management in forex.
 
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