Money management strategies- what is better?

[Jessie Chandra]

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.
 

[gds221]

As for me, the best thing is to be able to control risks and your expenses. This is the most reliable success option.

[Cairdarsy]

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

[bearhugs]

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.

[maspluto]

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.

[gds221]

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.

[maspluto]

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.

[Robert M]

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. 

[gds221]

I believe that money should be managed extremely carefully. It should be understood that the results of the work depend on the right strategy.

[Vaabum]

In any case, you need to be able to manage money. Otherwise, they will control you.

[FXOpen Trader]

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.

[Vaabum]

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.