The best forex money management strategies include:
*Setting clear and achievable goals
*Determining risk tolerance
*Position sizing based on account balance and risk per trade
*Avoiding overtrading and keeping emotions in check
*Keeping a proper risk to reward ratio
*Diversifying investments and not putting all eggs in one basket.
It is important to find a money management strategy that works for your individual trading style and stick to it.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.