If you are beginner and you want to learn Forex then you should know that Money Management is one of the most important components of forex. So Money Management refers to the strategy that know how to take risks to make a steady profit, but always being careful not risking all that money and lose them. Thus in general for beginners, my advice is: if you have $ 1,000 in your account using a maximum risk of 0.10 Standard Lot per transaction (on Insta 0,10 lot = 1.00), and within 3 transactions simultaneously, and a reasonable stop loss of 50 pips.
In the forex trading money management is the very essential. When you have more knowledge in the forex trading money management then you can earn more money from the forex trading. Any views on this? This is just my opinion.
In the forex trading money management is the very essential. When you have more knowledge in the forex trading money management then you can earn more money from the forex trading. Any views on this? This is just my opinion.