Disliked{quote} i want to learn money mgmt ,please teach me if anyone has got any good strategy or technique,thanksIgnored
Every trader must learn the importance of Money Management in investment and trading. MM is not an easy subject to learn from public forums like FF. It would be better to have a person you can meet in person and that person must be qualified to provide you with professional advice.
You want to be in this trading business for long term and not treat this as a hobby and trade like you are in a casino.
Start with financial planning. How much money do you have to invest and to trade in different markets - equities, futures, bonds, forex, etc.
Develop a trading system for those market you want to trade and to help you achieve your financial goals and aspirations.
Are you financially independent?
How much excess money do you have to trade this brutal spot forex market?
Important question to ask now is, do you have one year of your yearly income which you can set aside to trade the markets?
A person who earns say a median USD100,000 should be able to trade that amount and develop a mental strategy which will help them achieve a consistent 20% per annum which will contribute to his overall total annum income. This will take time and you can only know the true result after about completion of 36 months or 3 years active trading.
Work on your own Blueprint for Trading Success.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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