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When we talk about money management we got know our broker spread before placing a trade, i suggest u look for an spread indicator and it will take ur trade to a 100 percent
you are rightbbut I think when you use higher timeframes , you perform more reliable analysis , trade with less stress and spread really doesn't matter any more
Of course, it is. It helps you minimize losses so that you can easily manage them. When you lose one trade, you will have enough money to open positions in new trades.
Yes, it is one of the most important aspects of trading. If you fail to keep track of the flow of your money, then becoming a profitable trader is difficult. Your risk appetite depends on your investments. To win trades, you should know how much you’re ready to bet.