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Money Management Tips

Elena Triston (ele020)
Jul 16 2021 at 04:14
219 posts
sopranoberidze posted:
The best money management strategy is to stop trading immediately. That is the only way to minimize losses. Almost everyone loses at Forex
Thats not the fact. People loose because they do not trade sensibly and just jump to conclusions without prior analysis.
The more your practice, the more you learn.
Tradelist45
Jul 16 2021 at 08:34
283 posts
managing money and risk its all about avoiding unfortunate risk and losses , so we the traders always have to follow our money management , if we want to lead a healthy trading life.
karlaelliott
Jul 22 2021 at 07:34
10 posts
Money management is one of the keys to mitigate risk. I would recommend no overtrading but always planned trading. I have been successful this way.
Marcel Durham (MarcellusLux)
Jul 22 2021 at 12:17
191 posts
- 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
CatWalker
Jul 22 2021 at 12:37
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
RewOrio
Jul 22 2021 at 18:54
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 =)
mab8
Jul 23 2021 at 07:42
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.
CakeMoss
Jul 23 2021 at 10:27
9 posts
What is difference between money management and risk management?
SteveHanks
Jul 23 2021 at 12:33
536 posts
CakeMoss posted:
What is difference between money management and risk management?
I think their is no difference.
Marcel Durham (MarcellusLux)
Jul 23 2021 at 18:56
191 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
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 3/1
UweMoench
Jul 24 2021 at 11:11
751 posts
@CakeMoss Money management tells you how much money you should should to open a trade. Risk management tells you how you can manage your risk in trading.
Davidfx89
Jul 25 2021 at 08:59
183 posts
what you think there is any difference between money and risk management ? its all about same or any difference ?
WaltonCharles
Jul 25 2021 at 11:45
144 posts
Davidfx89 posted:
what you think there is any difference between money and risk management ? its all about same or any difference ?
I think both are same.
CraigMcG2020
Jul 25 2021 at 15:31
399 posts
Its quite similar risk management helps your money management.
Marcel Durham (MarcellusLux)
Jul 26 2021 at 11:21
191 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.
Tradelist45
Jul 29 2021 at 07:31
283 posts
consistence profit from Forex trading is a big deal , really i have never done this ,
 its only for professional traders.  and i have no interest on stocks.
Tremblay
Jul 29 2021 at 09:56
330 posts
Tradelist45 posted:
consistence profit from Forex trading is a big deal , really i have never done this ,
 its only for professional traders.  and i have no interest on stocks.
It is the toughest thing in this market.
croisssan
Jul 29 2021 at 10:05
939 posts
For a trader, the issue of proper money management is extremely important. Only in this way is there a possibility of correct distribution
Davidfx89
Jul 29 2021 at 10:14
183 posts
sometimes any kind of money management fails to work , so it is more appropriate to develop our trading strategies .
Lionkingdom
Jul 29 2021 at 11:14
24 posts
Davidfx89 posted:
sometimes any kind of money management fails to work , so it is more appropriate to develop our trading strategies .
agree with you, that's right. There are even situations when it is better to be near the pc and watch closely, instead of setting a stop loss.
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