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Money Management
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AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Aug 23 2019 at 15:52
Anayallador posted:
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.


Really? Then what’s your highest risk reward ratio on per trade while you do avoid the rules of MM?

ForexAngell

Member Since Dec 06, 2017  12 posts ForexAngell Aug 26 2019 at 20:34
Anayallador posted:
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.


Please, explain what do you mean 'without money management'? All that you analyse about your past and future trades that is your money management.

Merrill

Member Since Aug 27, 2019  10 posts Merrill Aug 27 2019 at 12:33
Maybe you naturally have good instinct for money management. You probably are using money management but do not have explicit calculations

Adribaasmet

Member Since Aug 27, 2017  759 posts Adribaasmet Aug 27 2019 at 13:47
ForexAngell posted:
Anayallador posted:
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.


Please, explain what do you mean 'without money management'? All that you analyse about your past and future trades that is your money management.


I guess; this guy isn’t available right now because of following unrealistic game plan on trading!

AnthonyWins

Member Since Nov 09, 2018  166 posts Anthony Rizal (AnthonyWins) Aug 28 2019 at 11:36
There is no one ideal way to make money on Forex and other markets, because any market is a collection of factors that directly affect the general system of these factors. It is pointless to consider money management and strategies as a separate component. It is much more important to understand how to use a trading strategy and money management in different market conditions.

#AnthonyWins
AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Aug 28 2019 at 16:19
AnthonyWins posted:
There is no one ideal way to make money on Forex and other markets, because any market is a collection of factors that directly affect the general system of these factors. It is pointless to consider money management and strategies as a separate component. It is much more important to understand how to use a trading strategy and money management in different market conditions.


I got yours point; really depending on any specific data is meaningless & the result is very costly!

ForexAngell

Member Since Dec 06, 2017  12 posts ForexAngell Aug 28 2019 at 19:35
Adribaasmet posted:
ForexAngell posted:
Anayallador posted:
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.


Please, explain what do you mean 'without money management'? All that you analyse about your past and future trades that is your money management.


I guess; this guy isn’t available right now because of following unrealistic game plan on trading!


I think that those who are serious about trading will work hard to achieve results and improve trading every day. And if a trader use trading as a game, then the profit will also be like a “toy money”.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Sep 29 2019 at 16:55
ForexAngell posted:
Adribaasmet posted:
ForexAngell posted:
Anayallador posted:
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.


Please, explain what do you mean 'without money management'? All that you analyse about your past and future trades that is your money management.


I guess; this guy isn’t available right now because of following unrealistic game plan on trading!


I think that those who are serious about trading will work hard to achieve results and improve trading every day. And if a trader use trading as a game, then the profit will also be like a “toy money”.


A perfect example! Which traders are sinuous on trading; only they are able to make a decent return her; otherwise no way!

aa33030

Member Since Oct 04, 2015  20 posts CVM Forex (aa33030) Oct 06 2019 at 12:56
Money management is important, because as the balance grows, the leverage is descreased at brokers and therefore you must adjust your lot sizes to compensate for the decrease in trading leverage

aa33030

Member Since Oct 04, 2015  20 posts CVM Forex (aa33030) Oct 06 2019 at 13:14
Merrill posted:
You probably are using money management but do not have explicit calculations


Money management involves calculations, being able to calculate using the correct lot sizes for the account balance with a set leverage

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