How to Profit Consistent Only With Money Management
The key to success in trading is money management. The principles of using forex money management can be a very useful foundation for the development of forex trading. For that, novice traders must understand the basic concept of money management, then practice it on a demo account to develop the ideal rules according to the trading simulation experience.
The way to manage money management so that profit is consistent is to use the appropriate lot. Not a few novice traders still make fatal mistakes by setting trading lots that are not in accordance with their endurance capital, because they do not understand how to calculate safe and profitable lot placements and according to each trader's trading style.
Lot is a standard unit for every forex transaction that a trader makes. Some traders refer to lots as quantity. Understanding the lot in trading needs to be studied because it will really help traders in making transactions. The lot size will determine the size of the transaction in the forex market. If the capital owned by the trader is large enough, then the trader can carry out forex trading transactions using a large number of lots. However, traders need to remember that the risk of loss is also large, although of course it is followed by a greater opportunity to make a profit.
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