Money Management and Risk Control The single most important thing in the world of trading is your money management and risk control. You have maybe heard horror stories of people losing all their money in trading but when they have this is virtually
Tell us about your best ever forex or other trade How many pips djd you get What percentage gain did you get What are you trading How long were you in the trade
One of my favorite saying in Forex goes something along the lines of; It is your job to manage the losers, if you can do that well the winners will take care of their selves. Another is; Amateurs think about how much they can gain and professionals
There are a whole ton of brokers that (as promotional offers) will run demo comps. There will usually be a few winnners and a prize of 1 - 2 k split between them. You just trade the demo account and see if you can rank top, if you can you get real
If you are new and looking about I am sure you will have come over all the trading matras like"cut your losses and run your profits". If you spend time in forums you will have come across people just parroting these things they heard to try bump up
