Money management plays a pivotal role in forex trading. This article discusses three basic money management strategies to maximize profits effectively.
Still finding money management is a hassle? Here you can learn how to implement and optimize money management in an easy way, and why completely abandoning the strategy is a big NO.
Money management is an important aspect of forex trading. However, many traders are led astray by some beliefs that turn out to be only myths. What are they? Let's check some facts in this article.
The amount of forex trading capital is intensely diverse, ranging from zero to thousands of dollars. How much is the ideal number? Can you actually achieve something from trading with small money?
Given the high volatility that every investor is going to face in the market, knowledge of risk management is absolutely necessary. Position sizing can be turned into several interesting money management strategies that can help you.
There are two reasons that made risk in forex trading became too much. That is: extreme leverage and forex broker scams. I respected his opinion on the matter. Nevertheless, I think there are ways to get around the two risks. There are no investment without risks. It is our responsibility as traders and or investors to understand and manage those risks.
Risk management during the trade can be applied by using risk/reward ratio. Drawdown and losing streak are the two things that you should keep an eye on if you want to last long as a forex trader.