forex trading: money management
By emma90
@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 (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.
@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.
@jlamela (4897)
• 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.
@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.