what is money management as applied to forex trading?
Question by Tomnash: what is money management as applied to foreign exchange trading?
in forex trading what is excellent dollars management principles that a single need to take into account for great and consistent outcome.
Greatest answer:
Answer by Gokiburi
Yes, cannot anxiety that enough. Every person who actually trades foreign exchange will inform you this.
Assume of it this way. You have $ 10,000 in your FX account. If you have 100:1 leverage ratio, you’re controlling $ 100,000 with $ 1,000 of your own dollars, so you can eliminate far more than your initial bet. Every person tells you to be careful, simply because you can get wiped out in a couple of hours if you screw up.
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