If you lose a portion of your account, it is very difficult it will be restored. If you lose 20% of your account, you’ll need 25% profit to get even And if you loss 50%, you’ll need 100% profit to get even for the loss recovery. So if you lose big portion of your account after that you’ll be busy to recover the amount and may be at year end you dont make anything and just recover your lost capital. Its like working whole year for no money. So money management is very important in trading.
Staring 6 threads in 30 minutes? Is that legal??
I don’t think it’s helping your image that these post are not proper grammar. Who is doing PR over there? It’s a dog and pony show.
>“Location: New Zeland”
Pete yes is, legal. Sometimes it’s help to open multiple, threads people topics discuss different in this way, so to have multiple crowded ideas.
Indeed. Multiple crowded ideas.
This is why you must cut losses quickly.
What to do you mean cut losses quickly? A lot of your posts are just these one sentence idioms which lack substance (talking to exness and dark knight- just being honest here).
Wouldn’t you be trading with a stop, so in essence you know where you’re going to be getting out of the market?
Are you suggesting, as you claim, “booking a losing trade quickly” - before your stop is taken out?
Recovering losses are very hard. But you can control your losses with good money management and planning. Also having good knowldge is very essential to make good progress in Forex trading.