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Bbey Ducoy
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Bbey Ducoy   My Press Releases

Money Management in Forex Trading

Published on 7/11/2018
For additional information  Click Here

Money Management

Money Management is a major problem for new traders. It is an important factor that separates a professional trader from an amateur.

However, in Forex trading, it the process of assessing the level of exposure to risk and it also helps to quantify risk. It helps traders to control how they apportion money for each trade, understand leverage and avoid the feeling of greed.

Moreover, opening the right trade at the right time is as important as closing a bad trade well on time. Reducing your trading size after a series of bad trades or taking a break until you can identify a profitable trade is always very helpful.

Finally, traders can avoid trading aggressively (over-trading) and learn to open small trade positions for volatile currency pairs.

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) and 2. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com).

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