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Money Management Tips
Member Since Jul 23, 2020
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Member Since Jun 15, 2021
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Member Since Jun 26, 2020
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Jul 13, 2021 at 23:38
Member Since Apr 03, 2021
470 posts
Tradelist45 posted:Money management is included in early trading preparation before making a deposit trader need to watching the amount saving money, don't use all saving money in forex but only spent money that affords to lose, money management in trading included how to chose position size, meanwhile, risk management is preparation about the risk, usually trader using stop loss to manage the risk.
i have a very common and boning question as like others , there is any major difference between money and risk management ? its all about same issue or any major difference between two ?
Member Since Jul 01, 2021
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Jul 16, 2021 at 04:14
Member Since Apr 15, 2020
219 posts
sopranoberidze posted:Thats not the fact. People loose because they do not trade sensibly and just jump to conclusions without prior analysis.
The best money management strategy is to stop trading immediately. That is the only way to minimize losses. Almost everyone loses at Forex
The more your practice, the more you learn.
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Member Since Jun 08, 2021
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Member Since May 19, 2020
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Jul 22, 2021 at 12:17
Member Since May 19, 2020
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- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
@Marcellus8610
Jul 22, 2021 at 12:37
Member Since Jul 22, 2021
9 posts
MarcellusLux posted:
- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
Those are great points. Could you be more specific on how you quantify these risks? and use them for actual trades
Jul 22, 2021 at 18:54
Member Since Jul 22, 2021
4 posts
CatWalker posted:MarcellusLux posted:
- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
Those are great points. Could you be more specific on how you quantify these risks? and use them for actual trades
or just trade news =)
Jul 23, 2021 at 07:42
Member Since Jul 07, 2021
41 posts
Money management is very very important, and so it risk management. They need to go hand in hand. You also need to have some proper knowledge of the market. Money management will be based on a plan that you have, and as you said every trader will have his ir her own plan, such as not exceeding 2% of your capital in any trade.
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Member Since May 19, 2020
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Jul 23, 2021 at 18:56
Member Since May 19, 2020
438 posts
CatWalker posted:The risk analysis is based on technical and fundamental analysis of the current market situation. At the same time, I take into account market volatility, the impact of possible historical levels and the psychology of market participants (investor sentiment). This allows me to get data on the current market position and assess the future prospects for the development of different scenarios. The start position of gain/loss I try to adhere to is 3/1MarcellusLux posted:
- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
Those are great points. Could you be more specific on how you quantify these risks? and use them for actual trades
@Marcellus8610
Member Since Jul 20, 2020
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Member Since May 19, 2020
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Jul 26, 2021 at 11:21
Member Since May 19, 2020
438 posts
Money management it's more about lot size, instruments chosen, funds allocation, portfolio building, but risk management includes evaluation of possible scenarios, assessment of probably losses related to these risks, using stop orders and RRR calculation.
@Marcellus8610
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