Whenever you don't have a lot of wisdom and don't understand how to control your thoughts, you wind up gambling. Then slowly it will become a habit.
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Money management in forex trading is very important. But unfortunately many traders don't bother about. Out of overconfident and greed, they do not follow proper money management.Forex trading is very difficult. It is not physical labor but human labor. Money management and risk management help a lot to survive in trading.
Losing money is very normal in forex trading. It's about how a trader manage his loss. It's not possible to be 100% right all the time. We need good risk reward and winning ratio to do well in trading.Lacking of money management is a part of losing, I admit it. But not the foremost at all. The main issue is keeping emotions with lack of good trading knowledge.
Winning and losing is part and parcel of a business. Furthermore, in an efficient trading it is more obvious. To figure the P&L of a position, what you require is the position measure and by what number of pips the cost has moved. The veritable advantage or mishap will be tantamount to the position measure extended by the pip progression.Losing money is very normal in forex trading. It's about how a trader manage his loss. It's not possible to be 100% right all the time. We need good risk reward and winning ratio to do well in trading.