adamsmiths Posted August 30, 2019 Share Posted August 30, 2019 For the rookie traders, it is a matter of concern to save the trading money. Unfortunately, they do not have the idea of proper management. They must be informed about the safety of the trading money. If you can do proper planning for your business, it is possible to execute the trades securely. After a while, you can also manage a decent profit potential from the trades. This article will provide some idea to trade with a secured plan. We will touch on everything related to the security of the trading business. If you can trade properly with an effective trading plan, the control over any trading position will be possible. Thus a confused Singaporean trader can easily maintain quality with trading. At the same time, the trading edge will improve. So, you are getting benefited with security and improvements in the trading performance. So, read this article to get some idea on the proper management of the trading business. Accept the losses and try reducing the amount of money lost from the account. When you will be caring for the money lost, it will motivate you to improve a proper trade setup. Secure your risk exposures properly The first necessary thing of proper trade setup is risk management. For the risk exposures of the trades, a trader needs to know about using the least investment into the trades. Using a proper strategy like a 1% risk per trade policy, you can reduce the investment in your trades. To influence yourself to invest low capital into the trades, start with a small trading account. A $1,000 trading account will be decent enough for the novices. It will concern the traders to use less money into the trades. As there is not enough money in the trading account, you would think to trade as much as possible with a limited amount of capital. On the other hand, you would also need to work on the leverage for the trades. To reduce the tension while trading CFDs, the traders need to lower the leverage. You need a plan which can reduce the investment as well as the effect of the losing trades. If you think of too big of leverage like 1:100, it will impact too much with the losing trades. Agree with a 1:10 leverage to the investment on the trades and then you will be secured with the trading approaches. Trade with a proper position sizing To reduce the pressure of the losing trades, you also need to be secured with the approaches. It is not necessary to trade for every market conditions. Unless you can define a proper entry and exit point for the trades, do not execute. Spend time with fundamental and technical analysis so that you understand the market condition. Using both, try to ensure a proper position sizing which is suitable for ensuring pip gain. Unless your profit target (which needs to be a decent margin), do not trade with your money. Try to practice a proper market analysis and position sizing with the demo accounts. It would help to improve the skills of market analysis. At the same time, the trade setup will be improved with a motto of ensuring a decent profit potential from the trades. Do not trade without a confirmation As we mentioned, you cannot trade without ensuring the proper positions for the trades. If you can define the entry and exit points for the trades properly, a trade can be executed. Unless you find a suitable market condition, it is not wise to trade with your money. Even you must demo trade to improve a proper trade setup for secured trading approach. Beliving the profit potential of an uncertain market condition is foolish of the traders. You will not win profits with that kind of mentality. Instead of being skeptical, trade with proper confirmation so that, you can control the trades. Also, improve your market analysis skills to know the market conditions. Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted September 7, 2019 Share Posted September 7, 2019 It’s all simply via joining a broker that’s reliable, trustworthy and reputed. I get it all with FreshForex, as it’s one of the leading companies with having great system through which I can really play things well. The biggest benefit for me is their 200% Deposit Bonus, it gives me the real freedom to play myself with ease and confidence. Quote Link to comment Share on other sites More sharing options...
PodSof Posted May 11, 2020 Share Posted May 11, 2020 One way I take care of my money in trading is the following: when I reach a certain level of profit, I move everything to the stop loss and put at least one point of balance, this way I completely protect my trading account and allow me at least not to lose money every time a position is contrary to what I want. The problem is that if I move the stop loss too much I risk that the position will be closed too quickly just to observe that prices move directly in the direction of the market I had previously chosen. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted May 25, 2020 Share Posted May 25, 2020 The first and most reliable option to protect your money is to be able to trade in such a way that you do not get losses. If you succeed, then it will be the most reliable. I am now trading with the ExpertOption broker, and he also has many options for protecting your funds. But, I was most comfortable when I knew that I was trading for profit. Quote Link to comment Share on other sites More sharing options...
Erienner Posted May 29, 2020 Share Posted May 29, 2020 the most important thing is to find those platforms where reliability will come first, whatever you think after each request for payment, but whether they will pay me, and not block the account, etc. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 2, 2020 Share Posted June 2, 2020 The only option to protect your funds is to trade in such a way that you do not get a loss. This is the most reliable and working method for saving money. Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted June 29, 2020 Share Posted June 29, 2020 you need to work with a trusted broker, then don’t spend money for nothing, for me this is Expertoption, everything is reliable and comfortable Quote Link to comment Share on other sites More sharing options...
Erienner Posted June 30, 2020 Share Posted June 30, 2020 On 6/29/2020 at 5:22 PM, Cairdarsy said: you need to work with a trusted broker, then don’t spend money for nothing, for me this is Expertoption, everything is reliable and comfortable I completely agree, the reliability of the broker is an aspect that everyone should have in the first place, I myself work with the expert option and everything is at a good level Quote Link to comment Share on other sites More sharing options...
Juleenelya Posted July 3, 2020 Share Posted July 3, 2020 all that will save your money in trading is a reliable broker, there is no other option, I say this to my own experience, for me this is expertoption, I am always confident in reliability, in every transaction and payment Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted July 20, 2020 Share Posted July 20, 2020 in such a case, money can only be saved by working on a reliable platform, for me this is Expertoption, everything is reliable and the conditions are excellent! Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted July 28, 2020 Share Posted July 28, 2020 just work with reliable trading and other services that have already been tested by time and you will be happy! For me, Expertoption has been such trading for several years already, in addition to reliability, I would like to note very intelligent supports Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted August 20, 2020 Share Posted August 20, 2020 use only proven services in your work, this will bring you at least some kind of transaction reliability Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted September 1, 2020 Share Posted September 1, 2020 calculate your trades correctly in order to always be afloat, and work only with reliable services and brokers, this will give you the safety of your funds, for example, I work on the platform from Expertoption and am always confident in the reliability of every transaction and payout Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 2, 2020 Share Posted October 2, 2020 The best way to protect your funds is to choose the right broker. If you have chosen the right and reliable broker for the job, then the results of the work will not keep you waiting. Quote Link to comment Share on other sites More sharing options...
Erienner Posted October 21, 2020 Share Posted October 21, 2020 An excellent option is to work with a reliable broker, for me this is Expertoption, and it is convenient to work, and there are no problems with all transactions, everything goes smoothly, the withdrawal of funds including Quote Link to comment Share on other sites More sharing options...
gds221 Posted November 19, 2020 Share Posted November 19, 2020 I usually divide brokers into reliable and unreliable options to work with. I myself work with a broker Amarkets, and I think this option is reliable and convenient to work with. Quote Link to comment Share on other sites More sharing options...
Pyridge Posted January 5, 2021 Share Posted January 5, 2021 you just need to work with a reliable broker, for me this is Expertoption, excellent conditions and fast payments do their job Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted January 8, 2021 Share Posted January 8, 2021 Reliable withdrawal of funds and the same work services, this is the only way to save your money in any transactions Quote Link to comment Share on other sites More sharing options...
Erienner Posted January 18, 2021 Share Posted January 18, 2021 work with a reliable broker, as an example - Expertoption, I myself have been working with him for a long time, everything suits, payments come quickly and reliably, so try Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted February 6, 2021 Share Posted February 6, 2021 work only with proven strategies and do not try to be fast trades Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted April 14, 2021 Share Posted April 14, 2021 in general, controlling your transaction costs is not so difficult, even a beginner can do it Quote Link to comment Share on other sites More sharing options...
Michael Butcher Posted June 4, 2021 Share Posted June 4, 2021 In order to protect your Forex trading business, you need to know who is working with you, learn all information about broker. When I was looking for the right and reliable broker I found the site Finarm, which helped me to choose the right broker. I can recommend you to visit it. You can study a lot of info about broker and choose the right one, which helps you to earn money. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted January 18, 2022 Share Posted January 18, 2022 As for me, the best option is to pay attention to the security of your financial data. It is very important! Quote Link to comment Share on other sites More sharing options...
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