I want to learn money managment

[tarek4545]

I heard a lot of thing about money management. Elektrisch Roken. So I want to learn about money management.I also wanted to learn how can I earn online?

[Gaban]

In forex trading, we should use a demo account with a small capital to train our ability to manage money. If we already know, use the no deposit bonus to try to apply it to the real account if the broker that we use give promos like this.

[yasrielkarunia]

All you have to do is how to teach and guide the child, to continue to apply good financial management. In this opportunity I will discuss some financial habits that should be taught to your child.

1. The first and foremost priority is to pay off your consolidated debt as soon as possible, because the sooner the better.

2. Priority 2, save at least 10% of income. But if able to do higher, then it will be better.

3. Check the debt repayment expenditure item, whether the amount is <= 30%. If more, it means that your debt burden is too heavy and risk not paid.

4. Do not put too much money in your savings. After the Emergency Fund post is 5-6x after monthly expenses are met, then start investing.

Remember, lifesytle = expense. Want to know if your lifestyle is in line with your income? Double check your routine and non-routine expenditure items. If it does not fit, cut your spending right now.

6. Be a smart shopper. Think 10x before you spend money. Is it really necessary and has been in accordance with the needs? Do the items I buy include productive or consumptive items?

7. The right time to shop is when the item you need is no discount. But keep in mind the most important, is the goods you really need and have budgeted. Thus you can just pass a store that is selling a large-scale without having to go and shop if not in need.

8. Do not ignore the expenses that are trivial and small amount but regularly / often. Unconsciously, if totaled for a month it turns out the amount is not small and enough to drain our pockets. This should be eliminated.

9. Important to remember, credit cards are not extra money. If using a credit card, make sure that indeed the money to pay the bills already in your budget. That way, surely you can meet on time.

10. The biggest challenge in managing finance is to minimize expense (simplify lifesytle), and increase your income. If this can be done consistently and discipline, undoubtedly success in managing your finances will easily be realized.

BTW, anyone ever tried to work with a broker?
if not, try to work with one of the leading brokers FXB Trading because they have a good reputation in the world of Forex

[Natural Mess]

You are sharing quite a nice information, but it values down, when you suggest your broker, may be he is too much good for you, but that doesn't mean that it would be good for everyone.

[Willem Hesselink]

Everyone knows that money management is a crucial aspect of successful forex trading. Yet most people don’t spend nearly enough time concentrating on developing or implementing a money management plan. The paradox of this is that until you develop your money management skills and consistently utilize them on every single trade you execute, you will never be a consistently profitable trader.

I manage my risk with the help of my forex broker called Forex4you. The best broker in forex market. We hear many different ideas about risk control and profit taking from various sources, much of this information is conflicting and so it is not surprising that many traders get confused and just give up on implementing an effective forex money management plan, which of course ultimately leads to their demise.

[raniya]

We can learn basics of forex trading by using demo account.Open a forex demo account and practise trading risk-free. Develop your trading strategies and test the features of a trading platform before you place a real trade.

[yasrielkarunia]

a trader needs to master money management. if not, he will lose. therefore, the way to learn to manage money is to try the FXB Trading demo account before trading in a live account.