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Money Management
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Mohammadi

Member Since Aug 11, 2017  664 posts Mohammadi Sep 10 2017 at 08:04
Actually without proper money management even the best strategy would yield poor result. Money management begins with determining the lot size or allocation of capital to a trade. This is followed by assessment of risk to reward ratio and usage of stop loss and take profit facility. Unless and otherwise a trader is adept in all the criteria mentioned above, it would be very difficult to come out successfully in the long term. Very few traders are exceptional in money management and so they perform exceedingly well than others even when similar trading strategy is used.

Patrick1981

Member Since Aug 15, 2017  7 posts Patrick1981 Sep 12 2017 at 14:41
I don't believe that. If you have a great strategy that makes profit then it doesn't really matter what money management you use

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Sep 12 2017 at 14:41
Money management is the key to success in the trading industry! Basically, pro traders can recover their losing trade positions so quickly because they follow the terms of money management as well as risk management policies so honestly!

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Sep 13 2017 at 14:48
It depends what exactly each one understands from Money Management. If this is just management of your own capital and investments - it's fine as long as you follow your trading plan. If you mean for the Money Management of someone who trades with your money - I don't really trust these.
I think their main focus is on have more people to be subscribers and to earn from the mass. Be careful who you trust regarding your own Money Management.

Accept the loss as experience
Mohammadi

Member Since Aug 11, 2017  664 posts Mohammadi Nov 10 2017 at 11:00
Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage high capital finds himself out of the market sooner that he expects. It doesn’t come easy and the skill required in risk management is one that grows with time.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jul 31 2019 at 14:20
Mohammadi posted:
Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage high capital finds himself out of the market sooner that he expects. It doesn’t come easy and the skill required in risk management is one that grows with time.


It’s important! Money management is the advance level of knowledge that traders need to learn properly after basic trading! New traders should focus on technical & then the fundamental afterwards; money management and risk management!

Mohammadi

Member Since Aug 11, 2017  664 posts Mohammadi Aug 02 2019 at 06:10
Managing the risk is the most demandable ability in Forex market where risk is everywhere. My trading career, many times I fallen a great loss due to lack of exact risk management . now I am studying about this

ForexAngell

Member Since Dec 06, 2017  12 posts ForexAngell Aug 02 2019 at 10:00
The money management should be just a habit, not the rule (because the rule can be broken), not the strategy (because strategy works only for some conditions). MM should be your habit, subconsciously.

Artemsb

Member Since May 31, 2019  10 posts Artemsb Aug 03 2019 at 10:18
Mohammadi posted:
Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage high capital finds himself out of the market sooner that he expects. It doesn’t come easy and the skill required in risk management is one that grows with time.

Damn true! risk management is the key to stay in this business.

Anayallador

Member Since May 10, 2019  9 posts Anayallador Aug 13 2019 at 17:35
I do not always use money management. I can change the number of transactions or the amount of money. I am a very gambler.
I noticed that I am losing less money over time. I hope that this is my merit and in the future I will be able to live without money management.

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