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Forex trading is risky, but can also provide huge profits. It's actually pretty easy to begin with foreign exchange trading. Currencies is something you can use as cash position (term speculation) or one can engage in active trading in foreign currency (short-term trading). If you save on high interest account in Norway, it is common for people to save in Norwegian kroner. Savings in the bank means more than just get interest on their money, it also means that you save in a specific currency - in this case, the Norwegian krone. If one has faith in the Norwegian krone, it's not wrong to save the bank. However, if one is worried about the future prospects of the currency it saves in, so it's a bad sign. Icelanders who spared Icelandic crowns on high-interest account during the financial crisis of 2008 would have done it differently today. When we compare the value of currencies, they must be viewed in relation to each other. For example, U.S. dollars and Norwegian kroner (USDNOK), this is a currency in which the values of one currency in proportion to the value of the other currency. What is money? At one time you can get 5.50 for $ 1 million dollars, another time you might get 6.70 million for the same dollar. Money is not worth more than what it represents. A single dollar bill is physically the same today as tomorrow, but the value that this represents is in constant change. The paper itself has no value, that's what the money represents real value.
This is one of the most true statements I have head, and I totally agree with you
money management is the most important thing in forex and trading in general. A good strategy with a bad MM can fail and a bad strategy with a good MM can be successful
Totally agree with you the most important is the MM and the Strategy is in second place,
i agree with you .
money management (mm) is the most important thing in forex market .
many traders lost not because of the strategic but firstly will be due to mm.
Think in long term, don't judge yourself for the first trades. Keep learning from your mistakes by taking notes and screen captures of your trade decisions.
GREAT JOB man stuff and yo welcom naice asnd ads asf
You dont need to have money management on your accounts... just filpcoin and go ahead... all will be right...
I've heard that taking the square root of any profits gained is a good way to incorporate wins into your trading. I've seen the math, and basically if you add 1-to-1 your winnings your guaranteed to loose in the long run
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