Best strategy for a new person.

[Svetlana Loboda]

what you think there is any difference between money an risk management ?

 

[TrAndy2022]

what you think there is any difference between money an risk management ?

Yes there is a difference. Money management is more about position sizing, how much you bet on a trade. Risk Management is more about Stoploss.

 

[stanley_west_56]

I think traders should create their own trading strategies based on their aims and risk appetite. They can use demo accounts first to backtest their strategies for being sure.

 

[Ahmed Solaiman]

a demo is a good place to test your trading strategies. but i have seen traders always ignoe this trading place.

 

[Faye_568]

Do not get too overconfidence after one or two wins & always use stop loss.

 

[NeilKruger]

over confidence is the foremost enemy in this market place , due to this bad trading habit we the traders loss our huge equity . so we should remove this habit , otherwise it could be dangerous.

 

[JimmyChoo]

agree with your message.

 

[Nacarat]

I think traders should create their own trading strategies based on their aims and risk appetite. They can use demo accounts first to backtest their strategies for being sure.

Demo accounts can also be really helpful in finding an edge to the trading strategy.

 

[Axel_23]

Start with a demo account and after getting familiar with everything switch to live trading and initiate there with minor lots. Basically go slow and focus on growing steadily, Don’t rush.

 

[Vince Dunajski]

Since I'm a scalper, I prefer trading with exponential moving average (EMA) indicators. It is easy to use, and it shows the underlying effect of a forex pair by highlighting the average price over a period of time instead of the current price.