Jessie Chandra Posted August 29, 2020 Share Posted August 29, 2020 If you are new at forex market, you should know all the rules and regulation of forex market. On the other hand you should also know the basics of forex trading. Without knowing the rules and basics, it will be quite tough for you to trade in forex market. As a new trader you can open a demo account under any broker. In that demo account you can learn the basics of forex trading. You can also know about the rules of the forex market. Demo account is fully risk free. It is the best option to know about the forex trading practically. I also used a demo account of Forex4you, when I was a new trader. After learning all the techniques of forex market from them, I enter into their live account. I am currently trading with them. Quote Link to comment Share on other sites More sharing options...
gds221 Posted August 29, 2020 Share Posted August 29, 2020 As for me, the best thing is to be able to control risks and your expenses. This is the most reliable success option. Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted September 1, 2020 Share Posted September 1, 2020 the point is not even in the strategy itself, but in your personal approach to trading, the result depends on this more than on the strategy Quote Link to comment Share on other sites More sharing options...
bearhugs Posted September 3, 2020 Share Posted September 3, 2020 The Risk of Ruin is a statistical model which tells you the chances you will lose all of your account based upon your win/loss % and how much risk you put per trade. This is absolutely critical to know. Quote Link to comment Share on other sites More sharing options...
maspluto Posted September 4, 2020 Share Posted September 4, 2020 Existing funds and risks must be able to be managed properly, this is needed and necessary so that traders can become better and can be maximized in carrying out trading activities in accordance with expectations with Tickmill. Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 7, 2020 Share Posted October 7, 2020 in my opinion, knowing how to properly dispose of funds is a really important point. At least for a trader, this plays an extremely important role. Quote Link to comment Share on other sites More sharing options...
maspluto Posted October 8, 2020 Share Posted October 8, 2020 Existing funds and risks must be able to be considered properly, this is needed and necessary so that traders can be better and can be more maximal in carrying out trading activities in accordance with expectations together with Tickmill. Quote Link to comment Share on other sites More sharing options...
Robert M Posted October 8, 2020 Share Posted October 8, 2020 Money management is one of the essential piece of risk management. I risk 2% of my capital for every trade. What's more, the most extreme presentation to chance is 4%. It implies I open most extreme of 2 trades. I think everybody ought to keep up their risk management rules. For my trading I utilize Eurotrader broker since i like their instructive resources like eBook and video tutorials. I have taken in a considerable measure from that point. Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 9, 2020 Share Posted October 9, 2020 I believe that money should be managed extremely carefully. It should be understood that the results of the work depend on the right strategy. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted August 16, 2022 Share Posted August 16, 2022 In any case, you need to be able to manage money. Otherwise, they will control you. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted August 17, 2022 Share Posted August 17, 2022 20 hours ago, Vaabum said: In any case, you need to be able to manage money. Otherwise, they will control you. We will have to learn about the Money Management Skills. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted August 20, 2022 Share Posted August 20, 2022 The ability to manage your money is an extremely important task. When I started working with a broker from ExpertOption, I used a demo account to gain such knowledge. Quote Link to comment Share on other sites More sharing options...
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