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kamikazebogeyman

Member Since Sep 10, 2019  4 posts kamikazebogeyman Sep 10 at 09:52
Money management is very important to have as well. Without that you can still fail if all other components are in place

togr

Member Since Feb 22, 2011  4441 posts vontogr (togr) Sep 10 at 10:02
kamikazebogeyman posted:
Money management is very important to have as well. Without that you can still fail if all other components are in place

Well MM is part of trading plan
Without trading plan you should not trade at all

I like what I trade, I trade what I like
willtradr

Member Since Jul 09, 2019  20 posts willtradr Sep 11 at 05:18
Adribaasmet posted:

Fact is: there is nothing like Holy Grail in Forex! Besides, copying others trading style beings more loss!


That’s true. Finding someone to copy from the impressive profiles is a kind of risk only. From thousands of profiles you are sure to find some risky traders in them.

Elanbani

Member Since Jul 12, 2018  16 posts Elanbani Sep 11 at 12:22
togr posted:
kamikazebogeyman posted:
Money management is very important to have as well. Without that you can still fail if all other components are in place

Well MM is part of trading plan
Without trading plan you should not trade at all

and if you do then you will suffer losses only

Imamul

Member Since Aug 09, 2017  316 posts Imamul Sep 14 at 11:45
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

Kingace

Member Since Dec 20, 2014  17 posts Tony Pipsy (Kingace) Sep 14 at 12:54
Money Management is everything..........Every system will have periods of drawdown, how far we go as traders entirely depends on the way capital is managed. You can actually tell your two year old son to click the buy/sell button if you trade with very small lots size.

Proverbs 22 vs 29
togr

Member Since Feb 22, 2011  4441 posts vontogr (togr) 22 Hours ago
Kingace posted:
Money Management is everything..........Every system will have periods of drawdown, how far we go as traders entirely depends on the way capital is managed. You can actually tell your two year old son to click the buy/sell button if you trade with very small lots size.

Nope.
MM is just part of trading plan. With poor trading plan you can't make money.

I like what I trade, I trade what I like
AmDiab

Member Since Apr 18, 2017  534 posts AmDiab 21 Hours ago
togr posted:
Kingace posted:
Money Management is everything..........Every system will have periods of drawdown, how far we go as traders entirely depends on the way capital is managed. You can actually tell your two year old son to click the buy/sell button if you trade with very small lots size.

Nope.
MM is just part of trading plan. With poor trading plan you can't make money.

Of course; Money Management is the key! With a high risk reward ratio; then result will be damaging for sure!

Kingace

Member Since Dec 20, 2014  17 posts Tony Pipsy (Kingace) 17 Hours ago
togr posted:
Kingace posted:
Money Management is everything..........Every system will have periods of drawdown, how far we go as traders entirely depends on the way capital is managed. You can actually tell your two year old son to click the buy/sell button if you trade with very small lots size.

Nope.
MM is just part of trading plan. With poor trading plan you can't make money.



I totally disagree with you......with huge capital, you can target 1% to 2% every month and still smile to the bank.....I insist that MM is everything!!! You should remember that investors want to see that you can manage their hard earned money first!! before thinking about making returns with it....As a brilliant and patient trader, your primary aim is not to loose capital but to safeguard it and earn profits monthly with it.

Proverbs 22 vs 29
Kingace

Member Since Dec 20, 2014  17 posts Tony Pipsy (Kingace) 17 Hours ago
kamikazebogeyman posted:
Money management is very important to have as well. Without that you can still fail if all other components are in place


Spoken like a true trader.......Go and succeed!!!

Proverbs 22 vs 29
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