Principles For Money Management

When new traders start learning how to trade, most of them, think it is all about entering and exiting trades. Yes that is a big part of trading but you will become more successful if you learn how to manage your money.

Here are a few tips about managing your money

1. Never trade without a stop loss
2. Never over leverage your account.
3. Do not get greedy.
4. Accept loss as a part of trading.
5. Protect your profits when your position is profitable
6. Always trade with money you can afford to lose.

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