Peace and God's mercy and blessings be upon you. Forex money management refers to a set of rules that help you maximize your profits, reduce your losses, and grow your trading account. While it is very easy to understand the benefits of these techniques, beginners to forex trading tend to neglect even the basic rules of money management and end up bombing their accounts. Analyzing the market and deciding whether to buy or sell can be difficult enough for novice traders, which is why I fully understand that thinking about managing your money and risk may seem tedious at first. However, without proper money management, you cannot become a profitable trader. Point. Let's take two traders for example - the number one trader has a great trading strategy that is profitable 90% of the time, but he doesn't manage his risk at all. Trader 2 has a medium trading strategy with a 50% profit rate, but uses first-class money management rules. What do you think, which trader will end up with more profits by the end of the month? The answer is trader 2, as the first trader is likely to lose all of their profits (and possibly more) on a single losing trade. This is the reason why a forex money management plan helps a lot to succeed in trading.
تبصرہ
Расширенный режим Обычный режим