Both money management and trading psychology

Dec 29, 2020 at 15:02
705 Views
9 Replies
Member Since Jul 19, 2020   751 posts
Dec 29, 2020 at 15:02
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.
Member Since Jul 23, 2020   869 posts
Dec 29, 2020 at 17:21
Trading is a mind game. So, it is better to trade with clear mind.
Member Since Nov 20, 2020   17 posts
Jan 20, 2021 at 04:25
I agree with you. Money management is quite necessary for every trader and they should focus on it. Managing risk is also important.
Member Since Aug 07, 2020   75 posts
Jan 25, 2021 at 10:08
I completely agree with you, because when we are able to manage our capital, we are able to manage our risks.
Member Since Dec 26, 2018   34 posts
Jan 25, 2021 at 18:23
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.
Member Since Sep 02, 2020   14 posts
Jan 25, 2021 at 19:00
The main thing is to take your time.
And check out the strategies that bring you money, and the approaches that give you confidence.
Member Since Oct 20, 2018   300 posts
Jan 26, 2021 at 20:34
Risk management too.
momchil_slavov@
Member Since Dec 11, 2020   110 posts
Feb 23, 2021 at 08:27
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
Member Since Jul 19, 2020   788 posts
Mar 30, 2021 at 17:25
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.
Member Since Jun 26, 2020   327 posts
Dec 26, 2021 at 08:03
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.
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