Money management is an integral
Member Since Jul 23, 2020
869 posts
Mar 17, 2021 at 17:11
Leverage makes us to control more money than we have. So, money management is important for effective trading.
Member Since Mar 15, 2021
17 posts
Mar 18, 2021 at 12:50
If you are a new trader, it is better not to trade on big news release date. Suppose you open a trade and before news your position is in loss. You system says it will hit tp but due to news you can't hold the position because a spike in price can hit your SL. And if you are sure enough that you will be able to get out of the trade with profit before news, that's different.
Member Since Jan 05, 2021
11 posts
Apr 03, 2021 at 04:32
Yes and I think both money management and risk management should be considered to be an integral part while trading forex.
Apr 03, 2021 at 14:58
@DanialWales Yes I agree with you. Newbie should not trade on big news event. Most newbies blow their account during big news events.
Member Since Jul 23, 2020
759 posts
Apr 04, 2021 at 06:28
Money management is essential for survival in the market. It is hard to control flow of money in trading without it.
Member Since Mar 16, 2021
477 posts
Apr 10, 2021 at 02:05
I never forget to follow the Money Management Rules. Because I know money management and risk management is an important part of trading.
Apr 11, 2021 at 14:43
Starcliff posted:Excellent. Money management is needed to control loss. This is something I must keep in mind no matter what strategy I use.
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.
Member Since Apr 03, 2021
8 posts
Apr 14, 2021 at 07:22
It is important for a trader to know when and where they should risk their money. All market situations are not worth jumping into, trying to make profits from them.
Member Since Apr 14, 2021
9 posts
Apr 14, 2021 at 11:40
Money management is important for those with a large and a small account. But if you are new trader then just use min Lot size to start with and then focus on MM when you get the hand of the other aspects of trading
Member Since Mar 16, 2021
477 posts
Apr 14, 2021 at 22:06
I never trade without money management. If I want to trade, I have to manage money first and then think of profit.
Member Since Dec 18, 2020
35 posts
Apr 20, 2021 at 07:27
Starcliff posted:I wanna ask you, what % of your total trading account balance to you put on the line at max?
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.
Member Since Mar 17, 2021
536 posts
Apr 20, 2021 at 15:51
Ferdii posted:Yes. Demo is very important before starting with the real money.
Try to start managing your capital at the stage of practicing a demo account, then you will be able to understand how complete your knowledge is.
