forex trading: money management

@emma90 (530)
Indonesia
May 24, 2012 4:24pm CST
Money management is more imprtant than your strategy. Did you know with your good money management you can make you $10 become $1000 on 5 month. only discipline collect your profit 10pip a day. grow your vol. when your balance grow up :D let's share here about your money management :D
1 person likes this
4 responses
Teshia
@Teshia (6)
• United States
24 May 12
Right now my money management strategy is "don't". Just don't spend it. I only earn about $200 a month, so Forex is a little outta my league. I tried one of those 30 day trial things once. They gave me a fake $50k to play with and the first two weeks I lost $20k, but then the last two weeks I earned $30k, so I ended up $10k over my starting. It was a lot of fun and I think if I ever have the disposable income to just throw at the wind it is definitely something I would like to try. It's so much more stressful when dealing with real money though.
emma90
@emma90 (530)
• Indonesia
24 May 12
I play with my real money, if I use the balance from brokers, I always loss lol so, now I really try more discipline to manage my money. thanks join here, have a good day btw, what kind broker that you follow?
narnia007
@narnia007 (1050)
• India
25 May 12
Hey.What platform do you use for trading?.Is there any legit forex brokers?.I am really tired of losing the money in forex.
emma90
@emma90 (530)
• Indonesia
26 May 12
platform is not the most important thing in forex. You must introspection your money management and manage your emotion when you trade :) it's difficult, but you must do :D good luck
indahfth
@indahfth (11161)
• Indonesia
29 May 12
The important thing for me. I'm not greedy. I must control my desire to rush to get a lot of profit. If in a hurry, I would be wrong in taking decisions, and eventually I became lost.
indahfth
@indahfth (11161)
• Indonesia
30 May 12
Yes. It takes patience. Hopefully, you get a satisfactory profit. Happy trading, Happy Mylotting.
emma90
@emma90 (530)
• Indonesia
30 May 12
happy mylotting too :D have a nice day
emma90
@emma90 (530)
• Indonesia
29 May 12
That's right, forex is not the ways that you get a lot of money only in a little time. But, forex is the ways to get money in step by step :) always learn, be patient, and collect your profit :) have a good day
1 person likes this
jlamela
@jlamela (4898)
• Philippines
9 Jun 12
Hi! Thanks for sharing this tip and information, this helps a lot because I am planning to venture into forex trading.
emma90
@emma90 (530)
• Indonesia
25 Jun 12
wow, thanks I hope you will be enjoy and sucsess in forex trading :D
wildflow3rz28
@wildflow3rz28 (180)
• Philippines
10 Jun 12
I only know a little about forex, so I'm scared to even try :D What I do now is invest online. Yes, "invest" is a risky word, but as they say, only invest what you can afford to lose. So I'm taking it slow and simple.
emma90
@emma90 (530)
• Indonesia
25 Jun 12
yup, taking slow and simple...make a green everyday :p always profit with you analysis,