For the benefit of trader

[Idrisu]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

[shintosai]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

first i would like to commend you because of that particular input that you mentioned is really how you can control your capital in order for us to be successful inside trading if we can plan properly for sure it will allow us to earn and avoid or lessen our risk to lose of investment, the best way is to keep studying and learning facts regarding to particular trade you wanted to enter and know the type of risk that you can handle in order for you to survive certain downfall.

[streazight]

First of all thanks for joining here. It is a great pleasure to have an 8 years experienced Forex trader to guide bitcoin traders. I like to hear more on your tactics on how securely trading. Please keep on sharing more.

[jcojci]

it a good news for us in this forum which can learn from you which the 8 years experience and maybe we can share more about trading although forex trading and crypto currency has little different but for the basic its the same, using buy and sell and i think the methods can be use for crypto currency.

[shinratensei_]

It was becoming the central key in the world of trade.
The money management has had a lot of implementation kind.
Like the general thing in your paragraph, I have used money management for being my strategies and I don't think any other.
You have got your answer on your sentences.

[Idrisu]

First of all thanks for joining here. It is a great pleasure to have an 8 years experienced Forex trader to guide bitcoin traders. I like to hear more on your tactics on how securely trading. Please keep on sharing more.

my good friend thank you also. I have just opened account and funded it with poloniex, the arms is to follow the same strategies am used in forex. My number one money management strategy is " I will never trade more than 2% of my over all risk Capital".

[ivanst776]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

Since you have 8 years of experience in forex trading then could you give us some tips or suggestion what are dos and don'ts in trading.

The money management is high priority because our business is all about money and through money so if the management is bad and the profit could be lower or none.

[ArdiPrabowo]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

you write you experience in forex trading in 8 year
so why you question about strategies forex trading another person
i think if your strategy can get constant profit, you can share your strategies

[Kotone]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

Can you share some good idea's on what you are going to manage to earn in forex trading i tried to trade in forex but i don't know really even i have a coach to teach me. I can't really manage my stocks and lose them all im good in gambling also sometimes gambling is my chance to earn money. I want to focus on trading because there has stable income.

[clickerz]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

you write you experience in forex trading in 8 year
so why you question about strategies forex trading another person
i think if your strategy can get constant profit, you can share your strategies

Correct, OP should be the once sharing his strategies because of his vast experience on trading. On the other side, he may be evaluating us on what he knows. For me, he is correct the emotions should be put aside i trading but focused on analysis. Emotions leads to losses sometimes, as too excited lead to carelessness while panick and weak hands leads to sell early or even at losing price.

[amacar2]

My money management strategy for bitcoin trading (i don't do forex trading much) is ;
1. Fix minimum profit in % of my bankroll for daily or weekly trading.
2. Fix maximum loss in % of my bankroll for daily or weekly trading.
3. Divest my bankroll in several coins/crypotos.
4. I try to keep playing with different coins to minimize loss from one coin getting hard dump.

5. And end of every week i try to calculate my total profit and just withdraw profit if there is any.

[richmcrich]

I believe, if we develop a platform where we can follow veteran traders like what they are trading right now and what they are holding, that would be very much useful for new traders.
Yes, this kind of system is already existing with some forex brokers, if we copy that into bitcoin and altcoin platforms that would be nice to have for the benefit of all the traders.

[mace15]

Thanks for the information. Thanks for sharing your ideas
about money management in forex trafing. When Ive tried to
Learn forex trading, theres really a need of patience to learn
something new. But i quit because Im having difficulties on
having a money management on forex. That you have to manage
your loses, so really thanks for sharing this benefits of traders.

[TheGodFather]

wow you have a potential im sure you're gonna be rich some day. im still learning how to do forex trading because im still not into it. im just trading literally exchange for their bitcoins in my service.  what advantages does forex trading has ? planning to try next week. ijust need to do some study more before i start thanks

[ipanks]

i am still afraid to do trading forex, because with what i've read and from my friends experience, trading forex should thorough when we analyze the market, and if there are a little mistake, then we are about to getting loss. but i don't know its true or not, if we can learn from you then it would good for us to learning more about forex. thank you for you are here and welcome aboard on this forum.

[densuj]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

It is look cool has experience about 8 years on trading forex and you are talking about money management in trading forex, and the best strategy of forex trading is do it  with get profit consistently on there. It is mean you must have system trading, i think you was have it and can make money from forex trading.

[pooya87]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

you have to first have a plan and lots of experience in trading and know your way around the markets. it doesn't matter which market, altcoin, bitcoin, forex, ... the first rule is that you have to know how to trade.

money management, although being important is only a secondary requirement that you pick up on the way and it is not going to get you anywhere if you don't know anything about trading which includes most people in bitcoin world.

[veleten]

guess I will ask the questions none has asked for some reason:
what made you quit Forex trading and start crypto trading?
or are you doing both at the moment?
when you have tested crypto trading enough would you mind to compare two?
what is the primary purpose of your thread:selfeducation,education of others,selfmotivation,exposure etc?
it is interesting to read about someone's experience in this field,especially if it is 8 years of experience,please carry on

[harizen]

I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is  what are your best strategies of forex trading.

Obviously money management is a one of the must thing to do and it's a common way to execute when you are in any kinds of money investment well of course especially if a person is doing forex trading or any kinds of assets trades. It's not a strategy but rather main thing to place on the table. And besides when you are in a trading activity, you are eyeing for a profits so it means you are treating the trades seriously and not as a gambling or in an entertainment view.

Everyone have different so called strategies. More importantly, a strategy of theirs must maintained their winning streak or should I say should give them more profits than a loss one.

In your 8 years experience I will assume you really built a great experience and I know others want to see your other strategies too.

[Dahhi]

My own strategy for now is to select a coin with high trade volume, observe the price trend for a while.
Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.