Trade management

[Andrew McCalam]

study is a great thing that is really tough to continue , just need a long term patience with cool mind.

 

[Darragh Bell]

Trade management is the most important thing in the forex trading. Otherwise, you have to face a loss in this market.

 

[Eduardo Lucchese]

Yes. I agree with you. Trade Management is very important to make a profit from this market.

 

[Oscar Shumack]

Proper trade management is very necessary to make money from this market.

 

[Tom Latham]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

 

[Alexander Hudson]

You have to maintain all the tools of trading properly to make a good career in this market.

 

[Kevin Vogt]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

The first mistake most traders do is - they take the trading very lightly. Actually they have been introduced forex in a wrong way. They are told that it's very easy. You just have to deposit money and when price will go up you have to go for short and vice versa. A ready-made strategy will all the trick. The root cause of everything is a lack of knowledge.

 

[Gallimaufry]

@Kevin I totally agree. People start trading with an inadequate amount of knowledge and when they blow their accounts they start blaming forex trading and say it is a scam.

 

[David Marco]

A demo is the best place to learn the trading properly.

 

[FundUp]

On demo its easy to manage trade as there is a missing "fear" factor psychologically. One can learn better management of trades and emotions on a micro account.

 

[Cooper Truebridge]

Trade management is very important. Many times you can't make a profit by doing good analysis without trade management.

 

[miriamgriffin]

You are bound to make mistakes as a beginner. So, this should not be something that you should feel bad about. But you should feel about not taking a chance to understand what made you lose and what you could have done to improve it. Be it demo trading or live trading, the more you understand why you lost, the better you perform the next time.

 

[skihav]

Trading management is mandatory to become successful in forex trading. The best way to do this is to keep a repository of your trades. From stop loss, time frame, trading capital, reward-risk ratio, and other trading factors, a trading repository is like a trading journal that will keep all the information of your trades. You can review this after every trade and backtest your strategies to strategize future trades. You can use software or a spreadsheet to maintain the track of your trades.

 

[Tom Latham]

trading can be simply if there is good money management , otherwsie there is no chance to bring profit with certainly from this trading place.

 

[maxlvg]

It’s common for traders to make losses when they are just exploring the forex market. But if they make it a habit to repeat the same mistakes over and over again, they are probably taking it lightly.

Knowing which trades to enter and which ones to avoid is crucial for your success. Never make a trading move if you have not analysed the market properly. Keeping your money safe is in your hands. If you fail at doing it, chances are that you will fail at making money also.