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Thread: Need basic money management information

  1. #1
    Junior Member
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    May 2013
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    Default Need basic money management information

    I am a newuser in this site.I want to know about money management business.How I start a money management business?

  2. #2
    Junior Member
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    Jun 2013
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    Default money managgement

    where do it

  3. #3

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    Hi, nice to see you.
    I’m a professional trader with 6-year forex trading experiences.
    I trade with my own EAs with manual control.
    I focus on EUR/USD, GBP/USD, AUD/USD and XAU/USD mainly.
    My drawdown is controlled under 20%
    My company provides forex managed account service and programming service.
    Here is my performance:

    I hope we can have cooperation in future. Skype= SourceCodeFX

  4. #4

    Default

    Money management is a skill that makes life a lot easier. If you manage your money well, you can meet your monthly obligations without anxiety. Money management is basically knowing how much money you have and gaining as much purchasing power as possible with what you have. During slow economic periods money management skills can help tide you over even when money is short, and during good times these skills help you build toward the future.

  5. #5

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    Quote Originally Posted by rafiq View Post
    I am a newuser in this site.I want to know about money management business.How I start a money management business?
    Do you want to trade forex on other's behalf, in other words do you want to manage other funds? If yes, you need to learn to trade forex yourself at the beginning :-)

  6. #6
    Junior Member mocharifin's Avatar
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    Quote Originally Posted by shereali View Post
    Money management is a skill that makes life a lot easier. If you manage your money well, you can meet your monthly obligations without anxiety. Money management is basically knowing how much money you have and gaining as much purchasing power as possible with what you have. During slow economic periods money management skills can help tide you over even when money is short, and during good times these skills help you build toward the future.
    Nice explanation guys..
    The basic money management in forex world is just use 5% of your total balance for trade...
    And do not ever greed while trade....

  7. #7
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    Default

    We can use demo account to start trading in forex and learn money management. Money management is important for us to make our fund increase. We also must understand about risk management. If we have understand, we also start trading with real account with small amount.

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