Dear MX181 two important factor are affect money managing. 1. what is acceptable risk per trade that is tolerable for you if lost your money 2. what is your style in trade short or log I use 0.03 lost in short with risk to reward 1 to 2 or 3 in 1000$ deposit and log 0.01 in log with risk to reward 1 to 3 or 5
Forex market is a risky and competitive global currency exchange market. While trading here, it is necessary to manage risks and properly maintain a risk management approaches. There are various types of risk management techniques available in the forex market and various trading platforms offer various types of facilities to minimize the risks factors. Hedging is one such common risk management technique. Again in this decentralized market, working with regulated platform can’t wipe out risk fully but it can minimize the risks.
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Forex Risk Warning: Due to leverage, Forex comes with a high risk of losing money. Eighty to 90 percent of Forex traders lose money. You should not invest money that you cannot afford to lose.