Forex Money management

Forex Money management:

     Every successful trader is using money management. Secrete of success in forex is money management. Acquaintance and the skill of managing forex trading account is called money management. The main rule in money management is don’t wait for a big gain. Sometimes it makes a great loss. Money management rules are as follows.

• Use Limit orders: you can use take profit and stop loss in your order. It can save your money and maintain your account as balance.
• Lot Size: Always use small lot sizes. It may save your account.
• Learn trade in virtual money that means you have to learn forex in demo account only.
• Long time trade is best way to get money.
• Place minimum number of orders.