Proper money and risk management

[Nilde Lucchese]

Forex is a risky trading market. Without proper money and risk management, traders can't make a profit in the long term. Traders need time to evaluate their trading strategies and learn thoroughly. In my case, I spent about 6 months on the demo account. Then I started with a Eurotrader for just $50. This broker also offers tight spread, leverage 1: 500, and many more.

[Hanan Öberg]

Proper money management and risk management are very important in trading. Consistent profit can be made by risk management. So every trader needs to build knowledge about risk management first. I use 1: 2 or 1: 3 risk management. And I use it on the platform of Eurotrader broker. There are many benefits brokers offer. E.g., tight spreads, regulation brokers.

[maspluto]

the funds and risks that exist must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading together with Tickmill.

[Matheus Schotsman]

Successful trading is all about controlling your risk. There are some more important things to follow which include good strategy, good trading plan, professionalism and choosing the right broker. You can not get good result by trading in a poor broker. I trade forex at Eurotrader broker. I am here in this broker since it is a regulated broker and has tight spreads. I likewise can withdraw my cash quickly.

[mlawson71]

I agree, choosing a good broker is a good way to lower one's risk when trading. I think it is important to pick a properly licensed company and avoid unregulated entities, because those cannot be trusted much - law enforcement and regulators make that clear pretty often.

[Resolve]

  On 11/8/2021 at 4:00 PM, mlawson71 said:

I agree, choosing a good broker is a good way to lower one's risk when trading. I think it is important to pick a properly licensed company and avoid unregulated entities, because those cannot be trusted much - law enforcement and regulators make that clear pretty often.

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I am doing my Forex Trading with the International Broker FXOpen 🙂
They have Low Spreads in Gold and Forex Pairs with USD.

[Hanan Öberg]

The rate of currencies depends on the number of exchanges taking place every single day. People perform this job through central banks so these banks play a vital role in trading. FXOpulence provides all technical supports to their traders. Besides that, they offer a whopping 1:500 leverage.

[maspluto]

The selection of a broker should indeed be a careful consideration, as the broker serves as the bridge that enables traders to engage in forex trading. That's why I chose Tickmill as my broker, as it provides me with a sense of comfort and security in my trading activities.

[Nilde Lucchese]

Forex is a highly risky market, and without proper money and risk management, long-term profitability is difficult. Traders must invest time in refining their strategies and gaining deep market knowledge. A demo account is essential for practice; like you, many traders spend months testing strategies before transitioning to real trading to minimize losses and improve success. LQDFX broker offers more than 70 trading instruments to traders and their 1:1000 leverage, narrow trading spread and flexible margin level help me maintain proper risk management in trading.

[Zeologic]

In forex trading, volatility risk becomes a problem for traders, although volatility is something important but traders need to mitigate risk with a proper risk and money management plan. Risking all your money in one trade in the hope of big profits is not a wise way to survive in the long term. Traders must avoid being greedy.

[uncle gober]

Getting profit in forex is not easy and instant, everything needs process and time. The main thing to do is to learn regularly and also take advantage of all the facilities from the broker. This is done so that later you will understand more and be able to trade forex optimally with the Tickmill broker.