Consistent Profit with Money Management

It is important to know and master money management to be successful in trading. Many novice traders ignore this and only apply the concept of perfunctory money management so that they do not last long in the trading world. The use of money management which is perfunctory is only in setting the stop loss and profit target lever just for the potential so as not to experience too much loss, or to get a profit if later it turns out that the price movement reverses direction. By using the money management rules that traders have made, traders should be able to trade unemotionally because the potential loss that will be received is clear. If it turns out that there are still obstacles or are not satisfied, traders can evaluate until they really feel that they fit the money management rules. Watch the video below for more clear and detailed information!


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