Forex trading has an unwritten rule but it is fundamental that maintain the stability of your portfolio to minimize losses as small as possible. With the loss has been minimized, you can automatically trade without anxiety. When the market is bullish / bearish you can take the maximum profit for your equity nice. Anyway to keep the level of losses you can perform optimization opportunities that arise.Many traders, especially beginners often ruling out financial management when trading. Though we
Maybe you , especially new traders joining Forex , will be wondering , " What happens if I set a maximum loss ? "
The problem is if you have a capital of $ 1,000 , then the transaction by applying the maximum loss of $ 100 for 1 position , then your funds will actually be depleted if you experience a loss 10 times in a row . Your margin gets smaller , and the amount of lots that you can use to be small . With this condition , your psychology is really tested .
In some cases , the reason for the failure is often the case , because the trader risked too much capital , and do not apply good money management . Remember , the goal here is to keep losses as small as possible . Meanwhile , you also have to make sure when doing an open position with a full lot , when the opportunity comes . So that small losses and huge profits .
By applying the correct money management , supported your trading system . As long as you run on the track , you can profit consistently .
apply money management to properly make a profit just a matter of time. That's for sure. Loss management methods include: a stop loss, the number of transactions, volume of the lot, and floating points. We should not be trading at the expense of maximum losses due to reduced equity resilience exhibited significantly makes us weaker. Moreover, we still have a floating position.
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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