Money Management Tips
- Avoid trading too aggressively
Trading too aggressively is the biggest mistake newly entered traders make. Only by small number of trade losses would be enough to empty your risk capital,
it is suggesting that you are risking too much.
- Be realistic
The reasons that new traders are aggressive is because of their expectations. They think aggressive trading will help them with making profit quicker.
However, experts are steadier. Let yourself know how to set realistic goals and maintain that thought.
- Prepare for the worst
We can’t see the future, but we have evidence of the past. What has happened before may not happen again, but it will show what is possible.
Thus, it’s important to observe the history and recent flow of the currency pair you are trading.