Tips on Money Management

[Red_Lesta]

Timing a near perfect entry point is very important for the 2% rule....

 

[Pari Kamal]

These are some great tips! I think if traders want to increase their potential for earning profit, they need to learn how to deal with risk and find ways to lower it. Creating a budget is necessary so you don’t lose all capital at once.

 

[Priya Nambiyar]

Money management is about how well you can manage your trading capital and make the most out of it. Martingale strategies must be avoided at all costs as they are just a fancy name for gambling. The risk should be optimum in order to generate good returns.

 

[Koloss]

Imperative to understand the value of proper money management and how it dovetails with risk management. I must say I don't know many who have successfully used a martingale system long term. They have always gone bust that I am aware of at some point.

 

[Hev_Leo27]

Great tips! Easy to follow and well organized. This is certainly helpful.

 

[Alia Kapadia]

Honestly, these are some great points to be kept in mind. Beginners should go through these and continue to follow your plan to learn and analyse the market better. Although, risk management plays a strong role here. Managing money by budgeting will help stay on track and maintain discipline.

 

[Kanti Ojha]

These tips are great for anyone who wishes to learn trading. Monetary discipline is a must-learn trait for all the traders.

 

[Kamala Patel]

These tips could be a part of the holy grail of understanding money management. Thanks for sharing these with everyone here. Budgeting and saving capital while making money is important and most traders fail to understand this.

 

[Lakshmi Kayal]

These are some great tips to refresh our minds, thanks! Beginners should focus on money and risk management if they want to be able to pull in their first project reward amount. Well said.

 

[Aditi Chadda]

Great tips! All beginners need to keep this in mind. Money management is extremely important if you want to make the most out of your journey in the market and pull profit.