Do you prefer trading only Forex or indices and other instruments too ?

[Homunculus]

If you are asking what I prefer, then forex is my answer. But since risk management and money management are important too, I diversify my overall funds into forex, cryptos, and ETFs.

 

[AndrewMcCalam]

If you are asking what I prefer, then forex is my answer. But since risk management and money management are important too, I diversify my overall funds into forex, cryptos, and ETFs.

what actually money management rule you have been following when trading in practically ? can you please elaborate ?

 

[Ahmed Solaiman]

its all about to avoid risk and losses , nothing without it.

 

[Bouffant]

Portfolio diversification is a good option to go for. I put 50% of my capital in forex and the rest I divide between ETFs and metals.

 

[Normalcy]

Diversification of investment is a method of reducing risk by investing in a variety of assets. Forex trading is the best way to diversify your investment portfolio because it is highly liquid, with low transaction costs.

 

[Alan Salih]

 

[nonplussed]

It is good to diversify your portfolio. However, you should be careful where you put your money because no financial market is risk free. I trade both crypto and forex. These are highly volatile markets but rewards are also very high. So it is very important you choose instruments carefully.

 

[Flummadiddle]

I only trade forex. I have tried crypto but decided to avoid it because it is highly volatile. Since I am new to forex trading as well, it would be better if I master one market first.

 

[Lavender]

Initially, I used to trade only forex. However, now I've also started getting my hands on cryptocurrencies.

 

[Muffuletta]

I think one should only participate in a market where they are comfortable trading. There’s no need of trying out everything and not being good at least one. Currently I am only limited to forex.