Money Management in Forex Trading For Beginners
Money Management in Forex Trading For Beginners
What is the main reason to trade forex? Some may say, I have a lousy job and forex trading offers me better quality life and flexibility while some say I trade forex to fill up my spare time, but ultimately, trading forex is to make money. So, forex trading is all about money making and hence, money management should play a significant role here.
In forex trading, money management is about controlling the flow of one’s money. Forex trading is considered as a speculative investment, thus, the risk involved are high. High risk …