Money Management and Loss Control

[john98]

I am having problems trading on my demo account. I need help on money management and losses. I need to learn how to place "stop loss" and "take profit".

 

[PipsKing]

You might want to visit Babypips for more in-depth knowledge of money management and risk control.

 

[mofx41]

place stop loss at the "last high/low"
take profit also the same.

When you trade always LOOK LEFT on your chart to see feasible high and low of the market.

Only enter a trade that give you at least 1:2 RR.

 

[PipsKing]

Sure still needs a working strategy, what do you think? That was why I recommended Babypips initially.

 

[dealwithit147]

Babypips is a good place to start with for beginners. you should look it up

 

[ibnu]

I am having problems trading on my demo account. I need help on money management and losses. I need to learn how to place "stop loss" and "take profit".

For beginner start with 0.01 lot,. I used sl 300 point and tp 500 point from may opening position

 

[abs_78]

refer to the left of the chart and look for previous high or low, that should help a lot

 

[Alpari]

I am having problems trading on my demo account. I need help on money management and losses. I need to learn how to place "stop loss" and "take profit".

Watch video on YouTube. Might help

 

[sfcfgsfggf]

For beginner start with 0.01 lot,. I used sl 300 point and tp 500 point from may opening position

it depends on the currency pair

 

[Bobtheboss]

There are hundreds of lessons on money management. Depends on your trading style and you ability to blow accounts and recover. Watch a few videos then come with specific questions that can be answered better

 

[Olarsk]

You might want to visit Babypips for more in-depth knowledge of money management and risk control.

This!!! People underrate babypips.com without ever checking out the website. It's really filled with great content