How to gain more and lose few in forex?
Keep on doing the right things over and over again, but above all keep on learning and mastering good trading skills over time and before you understand it then you would be making more money than losing. The more knowledge and experience of the forex market you have then the more money you can be able to make!
Original thread: to gain more and lose few in forex?
Originally Posted by lion2000
the best way to gain more and lose low in forex just by money management
put a plan to invest this amount of money and don't break this plan whatever happened
put a small take profit and stop loss don't exceed 2% daily of your capital
for ex: your capital is 1000$ daily put 20 $ win or lose no more
and please if you profit 20$ don't try to win more ( you can lose them and more )
and if you lose 20$ don't try to trade again to win it ( you can lose more )
if you trade with 0.01 lot your max profit 200 point ( it's hard to win and also hard to lose so it's have a great side )
if you trade with 0.1 lot your max profit 20 point ( it's easy to win and also easy to lose don't use it if you are not sure of your strategy )
you think 20$ is a low profit but think
if you win 20$ daily then you will gain 100 $ weekly and 400 $ monthly then in just two and half months you will double your capital
I think it's a winning
and if you lose you will not lose much
don't think to double your capital in a day , you can do it but also you can lose it in the same day
trade with strategy an think about losing before winning
to be continued
if you trade much
Read responses in forum.mt5.com