Assalamualaikum......
Many forex traders start trading live too soon.They dont have any UNDERSTANDING and LEARNING of good money management rules.As a forex trader,you need to DEVELOP a few good money management rules.Practice them on your demo account before starting live trading.By developing your own money management rules you are comfortable with means how much of your money you are willing to risk on one single trade.
Good money management can make a huge difference between becoming a successful forex trader in the long run or an unsuccessful one that blows up the account in a weeks.When you lose a trade,you become afraid to risk enough of your money on the next trade.Fear takes over and impairs your decision making,made you lose confidence in your judgment and decision making.
The most common factor that causes many forex traders blow account is greed.Once you start taking greed then you are in trouble.You want a secret formula that never loses a trade.YOU WILL START LOOKING FOR THE HOLY GRAIL INDICATOR OR A FOREX ROBOT that can make you rich.You will believe that by discovering one,you will become rich....hahaha....UNFORTUNATELY there is NO HOLY GRAIL.
FOR ME, ALL INDICATOR AND FOREX ROBOT ARE BULLSHIT! LIKE A RIDICULOUS BOMOH!...thats FACT..!!!!
BOTEKfx
botekfx@gmail.com
FTT
013 5939598 (sms n whatsapp)
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