Money Management

Sep 10, 2017 at 08:04
2,383 Views
48 Replies
Member Since Apr 18, 2020   54 posts
May 11, 2020 at 07:22
shirtgeek posted:
MM is important for keeping you in the game but no amount of MM will get you winning the game. For that you need to know HOW to trade and WHEN to trade. MM is just part of the picture
All are equally important things as per me. Even if a person knows how and when to trade, his profits won't stay up with him if he doesn't manage his money well. So yes I think all three have equal weightage.
Member Since Dec 18, 2019   31 posts
May 11, 2020 at 09:04
psycology is more important than money management.

i do win and i win big. i dont accept mediocre winnings. but i want to win more since i know it can be done.

i am trying something new on demo. i will try it for a few months and see if it can outperform my live account. now it is the 2nd week of testing and the demo is +30% of my live.

the difficult part on demo is the psycology cause the risk is big (10% per trade trading). 2-3 trades per week, perfect setups only, nothing less than that
if it works out i will put a small ammount of money like 5k and test it live.

for now i can not do it live, i do know it can work cause i am practically taking the same trades but i will not be able to handle the pressure if i start with 1-2 loosers
Member Since Aug 09, 2017   785 posts
May 11, 2020 at 10:31
its a very good reply with more information. thanks for your nice post.
Member Since Aug 27, 2017   994 posts
May 12, 2020 at 15:52
, I have a fixed risk reward ratio in my trading! Right now I am trading with 2% risk reward ratio, yes I am comfortable with low risk reward ratio because it secures more my trading capital
Member Since Feb 13, 2020   23 posts
May 13, 2020 at 16:19
Adribaasmet posted:
, I have a fixed risk reward ratio in my trading! Right now I am trading with 2% risk reward ratio, yes I am comfortable with low risk reward ratio because it secures more my trading capital

I like this idea, especially if your capital is big enough so 2% is more than enough for you.
Member Since May 19, 2020   1 posts
May 19, 2020 at 09:32 (edited May 19, 2020 at 09:34)
Money Management is a crucial element of trading the financial markets especially in times of volatility. I never risk over 2% per trade. I write down a post about money management in https://tfltrader.com/quan-ly-von-trong-forex/ but it is Vietnamese. If you want to read it, please google translate in to English.
Member Since Feb 14, 2020   10 posts
May 22, 2020 at 11:33
I use my money management constantly. I always check my trading strategies on demo accounts. it may not be the other way around. and I advise you
Member Since May 15, 2020   8 posts
May 29, 2020 at 07:19
'It is not easy to manage money. But this is a very important part of becoming an independent adult.
Also, it is important in trading, so that traders can examine that how much money he can invest while trading . Money management can also be referred as investment management. In conjunction with money management person should also have risk management skills as money is associated to risk.'
Member Since Jul 06, 2020   8 posts
Jul 10, 2020 at 11:38
Money management offers individual consumers investment fund options that encompass all investable asset classes in the financial market.
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