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Both money management and trading psychology

UweMoench
Dec 29 2020 at 15:02
751 posts
Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.
LyudmilLukanov
Dec 29 2020 at 17:21
848 posts
Trading is a mind game. So, it is better to trade with clear mind.
winklebew
Jan 20 2021 at 04:25
17 posts
I agree with you. Money management is quite necessary for every trader and they should focus on it. Managing risk is also important.
KnowFinance
Jan 25 2021 at 05:25
85 posts
Money management with a good strategy plan does wonders in trading. They lower the risks of losses and help in making money for the long term.
Malajind
Jan 25 2021 at 10:08
75 posts
I completely agree with you, because when we are able to manage our capital, we are able to manage our risks.
uxStyle
Jan 25 2021 at 18:23
33 posts
I agree with the idea that all problems are in the head. If you can't handle something, it means you're not really committed to it - that's a 100% fact.
Simonnon
Jan 25 2021 at 19:00
14 posts
The main thing is to take your time.
And check out the strategies that bring you money, and the approaches that give you confidence.
momo3HC
Jan 26 2021 at 20:34
300 posts
robindude
Feb 23 2021 at 08:27
110 posts
momo3HC posted:
Risk management too.
Was looking for this one. Yes, Risk management is very important to minimize the losses and increasin the risk reward output
keyaanhenry
Mar 16 2021 at 10:15
18 posts
That is right. Money management is very important for the market along with a proper mindset to trade.
hattiethomas
Mar 30 2021 at 10:58
15 posts
The right balance between money management and having the right trading psychology can do wonders for a trader.
SofieAndreasen
Mar 30 2021 at 15:56
759 posts
hattiethomas posted:
The right balance between money management and having the right trading psychology can do wonders for a trader.
I also agree with you. Both are essential for every trader. It doesn't matter what type of traders you are.
AliaDare
Mar 30 2021 at 17:25
788 posts
Yes, of course, money management and trading psychology is a very important issue in forex trading. It is impossible to stay in trading without applying that formula. I know it will help me a lot to be successful.
RobSchiz
May 24 2021 at 17:58
567 posts
hattiethomas posted:
The right balance between money management and having the right trading psychology can do wonders for a trader.
It can make him millionaire.
RobertFerrari
Sep 07 2021 at 18:08
415 posts
hattiethomas posted:
The right balance between money management and having the right trading psychology can do wonders for a trader.
Money management is very necessary to make a good amount of profit from this market.
Unellene
Sep 08 2021 at 12:54
283 posts
all asects in your work must be combined, this is the only way to get the best result
SteveHanks
Dec 26 2021 at 07:43
536 posts
hattiethomas posted:
The right balance between money management and having the right trading psychology can do wonders for a trader.
I totally agree with you.
Tradelist45
Dec 26 2021 at 08:03
283 posts
the success on money management depends on your trading plan , actually its all about a perfect knowledge , when you have then you can make a powerful money management which will support you for all time to avoid unfortunate risk and losses.
skihav
Dec 26 2021 at 09:35
801 posts
Both of these aspects play a rather important role for a trader. It is important to pay enough attention to this to get a positive result.
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