Risk- and Money Management
Mar 01, 2015 at 15:10
459 Views
2 Replies
Member Since Aug 17, 2014
1 posts
Mar 01, 2015 at 15:10
Hello myfxbook community
In my opinion begins professional trading with a clearly defined risk management. Trader must be interpreted as risk manager.
In my insights into trading reports many beginners and advanced users not aware of using riskmanagement. How big should be the lot size with appropriate stop loss?
Would you share the comment?
My question is how to work with Risk- and Moneymanagement in your trading?
Which experience you have done in your trading career?
Thanks for your opinions.
In my opinion begins professional trading with a clearly defined risk management. Trader must be interpreted as risk manager.
In my insights into trading reports many beginners and advanced users not aware of using riskmanagement. How big should be the lot size with appropriate stop loss?
Would you share the comment?
My question is how to work with Risk- and Moneymanagement in your trading?
Which experience you have done in your trading career?
Thanks for your opinions.
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Member Since Jan 19, 2015
206 posts
Mar 02, 2015 at 13:09
risk and money management have different criteria for different kind of traders for intraday its different coz the person is watching his trade and can take little bigger risks according to the data available as for long term traders its always fixxed in terms of percentage coz they dont monitor it after opening it so they have a fixed stoploss according to their vision of what they are expecting in near future
Greed and Non acceptance are the biggest enemies
forex_trader_202879
Member Since Aug 07, 2014
406 posts
Mar 03, 2015 at 07:43
TradingStudio posted:
Hello myfxbook community
In my opinion begins professional trading with a clearly defined risk management. Trader must be interpreted as risk manager.
In my insights into trading reports many beginners and advanced users not aware of using riskmanagement. How big should be the lot size with appropriate stop loss?
Would you share the comment?
My question is how to work with Risk- and Moneymanagement in your trading?
Which experience you have done in your trading career?
Thanks for your opinions.
The reality is that risk management, like every aspect of trading, is 100% SUBJECTIVE..... You will notice that most people use say 1-3% of their accounts, but end up blowing up the account anyway. You will also notice that traders have a set stop loss, which they then begin adjusting based on what they believe will occur next. As the previous commentator mentioned, it all depends on you.
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