Post Tagged with: "Money Management"
Trade Responsibly Chapter 1: Money Management
Isn’t money management a nice buzzword? Many forex brokers flash around this nice phrase. I’m sure you’ve heard it many times. How can you turn this buzzword into practical, actionable advice? As with any type of investment, there is risk. The idea is to control your risk and be aware of it. This will save you
Is the CFTC Actually Helping Traders?
The new CFTC rules regarding forex imposed leverage limits that angered many traders. Nobody likes to be held back. But after 6 months, there’s evidence that these limits might actually be helping traders make more money. On October 18th, the new leverage limits came into effect: 50:1 on major pairs and 20:1 on others. This
Your System Means Nothing… Unless You Master This Principle You Are Doomed To Fail
Guest post from visionsofaffluence.com There is one component of trading that is a necessity if you wish to become a successful trader and that is money management. With proper money management your trading potential is unlimited, without it you will fail. Too many new traders come into this business and focus only on how much money
Forex Demo Account – When to go Live
In another post in the series about forex demo accounts, a serious question is: when to go live? When do you leave the practice account behind, and put real money in forex? I’ve already written that a demo account isn’t only for newbies, so the answer depends… If you’re a seasoned forex trader, you’re probably
Emotional Control: The secret key to El Dorado
Guest post by ForexTraders.com It is well-known that a majority of forex traders fail. But it is not equally well-known that the main cause behind such a high rate of failure is unrelated to the market itself. Not analysis, and strategy, not education and learning, but lack of emotional restraint and mental composure are the
Forex Demo Account – A Must for Every Broker
Not every forex broker out there offers a forex demo account. A demo account is a must for every broker. Checking out a broker via a forex demo account is a must for every trader. The forex market is growing rapidly in the last few years. More people are trading currencies. This is especially felt
Forex Demo Account for Money Management
A Forex Demo Account is an excellent tool for learning Money Management. In order to get the best out of it, there are a few important things to keep in mind. This is the second post in the series. Forex Money Management In short, money management is controlling how much of your account you want