As you are aware before, forex trading is very risky, especially all of the online trading system using margin. High Risk-High Return. The success of all traders depend on their ability to manage money. Money management (money management) is very important when you want to get maximum profits in forex trading. At the same time that you do not stress later. One of the main principles which should preferably be held while you forex trading was ONLY USE MONEY MORE (IDLE MONEY).
The definition of idle money here is more money that will not be used long-term. This money will not be used for other purposes, such as children's education savings, savings, savings to buy a House for marriage plan, retirement savings plan, dil. so the money used is indeed purely for forex trading.
Why is this so? As you know, the money market has considerable risk, where the price of the currency could suddenly turn direction and move quickly. When this happens you can lose big, and the money was to be used for children's savings will run out.
Another advantage of using special funds for investment are you'll be more calm in doing buy and sell forex. Emotions are more awake. Moreover, when the plan was about to
do speculation. When Exchange rates changed suddenly, the family's financial condition will not be disturbed.
With the principles mentioned above, means that you should not a penny for debt trading forex. There are people who are highly speculative, owe outside his ability, and the debt used for forex trading, while expecting big profit. Do not do things in a very big risk, not just your money, but can also be your family.
That
meant don't owe a dime to trading forex is that you do not owe to the
bank, to relatives, to friends or wherever for forex trading. The mistake a lot of people was that he assumed that he was able to rake in profit and forex to cover the debt. The problem is, when you use debt to forex trading, that's when your emotions are different. You are increasingly eager to grab a profit as soon as possible to cover the debt, so it tends to be a shortcoming and speculate. So just use your own money, which indeed is devoted to it.
In addition, do not use ALL YOUR MONEY MORE for FOREX TRADING. You should still have savings. In addition you can also mendiversffikasi your money to other investment instruments in addition to forex, for example deposits, stocks, bonds, gold or property. There is no guarantee that you will surely profit continues in forex transactions. Have a lot of other eggs in other baskets are more a relief, if the eggs in the basket of your forex broke.
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