Day trading is a potential area for earning a decent amount of money within a short period of time, but it is harder than using other trading systems. Professional Singaporean traders always follow money management techniques to reduce losses.

Effective money management tricks

In this post, we will briefly demonstrate the most effective money management tricks.

1. Wire your money out

It is true that there is a thrill related to your trading account, which is – if you gradually become a more consistent retailer, you can see profits regularly. It is a satisfactory issue to watch the trading account growing day by day.

It is normal that after making a large profit consecutively, you may want to invest more money to earn more. It is tempting to trade and repeat again. You can do this for sure, but there is a problem. Let us make that clear to you. … Read the rest