A wise trader will always think of minimizing the risk. Thus, they usually do here when they have trading capital is to use part of it in one trading account and then invested or just save it whenever they will lose in one trading account. That's why we need to learn forex about money management as well.
Putting ones whole money in one program is not adviceable to me.Forex likewise is like HYIP that you you should be putting what you can afford to lose and that likewisely applies to forex intimes of trading.
We should really estimate the chance to lose or risk our funds but I don't think the having hyip is the same to forex since in hyip we don't have definite time that our funds will still be there or if they will still continue compared to forex that we can the funds in our account and there's no expiration.
I don't think theirs a fool who going to invest all of their money in forex. But to be honest theirs many newbies who think they can earn big time because they double their money in demo account.
This is usually the main reason why theirs just too many newbies loses money once they trade in real account. greed and lack of discipline.
I agree with you budado. There are really newbies who get so complacent with their demo trading experience so they though that demo is just the same with live trading.Thinking that they will just rule live trading like what they did in demo, they will invest big amount. Actually investing big amounts in forex is not really that bad if you know that you are very good at it. The problem is you don;t do this right away. You have to test the water first. Not in the demo but in the live trading. You have to experience first what is it like in live trading. Obviously it is more competitive in live trading and this is what newbies should realize.
@valexer:i think your comment really is great.majority of forex traders build on the success of their demo accounts while others put all their money due to the success they had in their former trading.sincerely i think not biting more than you can chew is the best formular inhere.
i agree for don't invest all our money for forex because this is High Risk for Forex Trading especially for newbie or beginner to starting forex, but forex usually have a demo account for understanding about features of forex, may be newbie will understand bit a bit.
the worst mistake you can do is to inbest all your money in forex specially if you are only a beginner trader or not that knolwedgeable o r experienced in forex. i have made some mistakes in trading such a relative big amount also. so when i lost it all i have nothing else to invest.
Well, posters who post in forex forums do not have much choice. As we all know, they have to trade what they have earned from posting in these forums. And that they can only get what they have profited from their trades. So in a way, they are investing all the money they have earned in posting in these forums.
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