Forex Trading Library

Withdraw some of your profits

0 681

Withdraw some of your profits

One of the best ways to assure that your successful forex trading business stays that way is to periodically remove some of your profits from your trading account. This way, you do not get tempted to put them at risk again in the forex market and can instead build a solid base of winnings to use as savings or to help improve your lifestyle. For example, if you manage to grow your $5,000 forex account into a $10,000 trading account by disciplined risk taking and prudent risk management, consider withdrawing $2,500 of your winnings. You can place this money safely in a certificate of deposit or you can spend it by going on vacation. Basically, at some point you need to turn your forex trading gains from risk capital into something that you value in your life, such as savings or spending money.

Leave A Reply

Your email address will not be published.