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Money Management Systems.

Jan 13 at 20:49
19 posts
Traders use various money management systems and all of them are useful I guess. The main idea of money management is not only saving money and deposit, but also learning how to operate with money. If you are trader you have to know how to interact with money and how to distribute deposit wisely. The more time you dedicate to the process of learning how to interact with money and how to distribute it, the more chances to be successful you have actually.
No doubts, that there are some traders who don't know how to manage money and thus it leads to upleasant consequences, however all of them might learn how to do it, but in fact not all of them have a real wish.
Suradi (FXOday)
Jan 13 at 23:00
392 posts
Whatever trading strategy that imp0lemented, money management has the important key to continuing trading strategy working n best trading performance, although trader have a good trading system but without money management in trading, it will mess up whole trading activities because can lead them to become greedy in trading
Jan 14 at 09:34
994 posts
managing money is a great skill and to be experienced about this skill is a long time process, so trader lost interest after passing some time.
Jan 14 at 09:40
10 posts
There are some automated EA on MT4 that you can be used for money management but in my view it is best to first learn how to calculate money management manually so that the process is fully understood.
Jan 14 at 13:27
801 posts
I believe that most of all here depends on the trader himself. I advise you to pay attention to this.
Jan 15 at 14:15
11 posts
There are so many strategies for money and risk management available online. I know that you can find some of the threads devoted to this topic on this forum. You can also browse youtube and look for the money management there.
Jan 20 at 20:57
17 posts
I believe that money management is really considered to be a significant thing. Some traders prefer not to pay attention to money management as well as risk management, however the matter here is to pay attention to thse things as they are really important. I prefer calculating various ratio, for example risk/reward daily. It helps me to understand ho much money I can afford myself in this particular day to spend and how much I'm going to earn. Some traders create this plan on a month, it doesn't matter at all. The system which I comply with includes 1:3 ratio of risk/reward and it's enough for the vast majority of traders.
Suradi (FXOday)
Jan 20 at 21:40
392 posts
Money management in real life and in real trading is very important, in real life implementation, we spent money based income, don't exceed spending than income, because will make a debt, in forex trading, don't trader like as gambling, but need to use money management and risk management, greedy is not a good answer to become a success in trading.
Feb 01 at 06:23
111 posts
Money management in forex trading is a systematic approach to the management of financial risk in your position. Managing money effectively is crucial and can play a key role in how successful your forex strategy is.
Feb 03 at 08:25
20 posts
The main reason that money management systems are not available is that all traders have their own way of managing the trading account. The money management system for a trader is always unique as every trader has different capital, risk tolerance, goal, etc.
Feb 03 at 09:43
213 posts
1% risk per trade works well. You will die of old age before you blow an account using this approach......
Seb King (sebking1986)
Feb 03 at 09:58
534 posts
Totally agree. 1% is so solid and allows for crap runs of variance.
If you can't spot the liquidity then you are the liquidity.
Feb 06 at 01:53
845 posts
Money management is a very important discipline in trading. This will help increase your trading sentiment and extend your life in the market.
Feb 06 at 11:32
939 posts
I believe that it is extremely important to be able to handle money properly. This skill is costly in any industry.
Suradi (FXOday)
Feb 06 at 22:34
392 posts
Besides good trading strategy, money management has an important role for the successful trader, many professional traders always advise for beginners to trade use money management and take the maximum risk not more than 2% from every plan trading, this is important money management to increasing opportunity
Feb 10 at 08:55
183 posts
i have seen despite of good money management the result of trading sometimes be useless , because there is nothing 100% in Forex trading
Feb 11 at 07:56
395 posts
Davidfx89 posted:
i have seen despite of good money management the result of trading sometimes be useless , because there is nothing 100% in Forex trading

Definitely agree there is nothing 100% in forex but if you risk 1%, have an edge and aim for 2/3% you will be profitable its just math
Feb 12 at 17:28
801 posts
And who invests how much in one transaction as a percentage of the deposit?
Feb 13 at 09:28
939 posts
The ability to manage money correctly is very important. But it is worth understanding that learning this is still quite difficult.
Feb 14 at 04:33
46 posts
Planning your money is an important thing in forex trading. But there isn’t one unique way to do it. It may differ according to the trader’s trading style, risk tolerance and other factors. You may not be able to find a money management system specific to your requirement. A better advice would be to create one yourself by analysing your trades.
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