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I'm designer, developer, trader stock, bitcoin, forex since 2012
Nguyen Hang Hai Ha
My dear friends,
I would like to share a bit of my money management experience, maybe it will help you reduce your risk and survive in the market.
When you plan on trading with any strategy or using any Expert Advisor, start with the smallest amount possible. For example, if you want to enter the market for $ 10,000 you should start depositing less than $ 1,000. Every time the account grows 10% (or 20% 30%...) you will deposit more money equal to the profit gained, and repeat until your account reaches $ 10,000. Thus you will build a small to large account with low risk and no psychological pressure. If the account is not profitable, you will not deposit more money and only take a small amount. Then you need to improve the strategy or change it.
Wishing you a happy weekend!
I would like to share a bit of my money management experience, maybe it will help you reduce your risk and survive in the market.
When you plan on trading with any strategy or using any Expert Advisor, start with the smallest amount possible. For example, if you want to enter the market for $ 10,000 you should start depositing less than $ 1,000. Every time the account grows 10% (or 20% 30%...) you will deposit more money equal to the profit gained, and repeat until your account reaches $ 10,000. Thus you will build a small to large account with low risk and no psychological pressure. If the account is not profitable, you will not deposit more money and only take a small amount. Then you need to improve the strategy or change it.
Wishing you a happy weekend!
· 7
Nguyen Hang Hai Ha
When I first learnt to trade, I had no clue what I was getting myself into. As I was searching the internet for the wide range of forex material available, I noticed two main things. The first one was 'Forex is the hardest easiest money you will make' and that 'Over 90% of Forex traders fail...
· 2
266
Nguyen Hang Hai Ha
In every human being we have a lot of emotions in each situation we express in a particular way.Sometimes the emotions temporarily overwhelm the reason that affects the big picture. Forex market to curb feelings of greed and fear and fools actions is more difficult...
· 4
241