What Is Money Management In Forex Trading?
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Money management in forex trading is an important aspect of trading. It is a strategy used to manage risk while maximizing gains. Money management involves setting up trades in such a way that risk is minimized and potential rewards are maximized. This involves determining the amount of money to allocate to each trade and the risk associated with each trade. Other aspects of money management include establishing stop loss zones, taking into consideration margin requirements, and setting up multiple trade strategies.