Money Management

May 07, 2020 at 11:38
2,868 Views
50 Replies
Member Since Aug 11, 2017   886 posts
May 07, 2020 at 11:38
Money Management is one of the most important pillar here! Greedy Forex traders lose their full trading balance end of the day, since they don’t respect money management as well as risk management policies! On the other hand, professional Forex traders are able to recover their trading mistakes so smarty, because of using MM trading rules in their trading!
Member Since Jan 10, 2020   28 posts
May 07, 2020 at 17:57
great thread sir. i think this is true. because of poor money managment traders are loosing. but what is the perfect % of money managment for you?
Member Since Aug 27, 2017   994 posts
May 08, 2020 at 12:27
Really 1% is such a secure risk reward ratio, that means you need consistent SL to crush your full balance, by the way; usually I use 2% risk ratio in my single trade.
Member Since May 11, 2020   74 posts
May 15, 2020 at 07:06
Very true. People need to get into in understand the money management which will make your trading so much safer and deal with less risk of loss.
Member Since Jan 26, 2010   26 posts
May 15, 2020 at 07:32
I traded 2-3 years full-time, and I have more than 10 years (part-time/hobby) trading experience.

I agree on money mgmt, but would like to point out also, that when running one-man trading business, it's very
difficult to perform daily year-in year-out. Usually since I have no boss in my trading, I abandon my trading plan
from time to time, since there is no outside pressure.

Somekind of peer-to-peer working with another trader would propably help. Both would review and supervise
each other's trading-plans and that they are enforced, as well as money mgmt. anyone has experience on this?

Trading is not my preferred source of income anymore, I have other business plans now.
I realized any business could benefit from peer-review. So I give you a challenge, work with me on
peer-reviewing my business and I'll work for you on your trading.

I posted here since I thought there are enough money hungry people here to be interested :)


ps. message me here privately if interested.
Member Since Oct 19, 2019   38 posts
May 20, 2020 at 06:46
reggae posted:
Very true. People need to get into in understand the money management which will make your trading so much safer and deal with less risk of loss.

You are right. When we have a strategy for managing risk, trading becomes so much better.
Member Since May 11, 2020   74 posts
May 20, 2020 at 11:59
richard2 posted:
reggae posted:
Very true. People need to get into in understand the money management which will make your trading so much safer and deal with less risk of loss.

You are right. When we have a strategy for managing risk, trading becomes so much better.

Bingo
Member Since Dec 25, 2019   20 posts
May 21, 2020 at 17:15
I agree with you! Money Management is really very important in trading. If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
Member Since May 27, 2020   31 posts
Jun 04, 2020 at 09:04
Thorgaswyn posted:
If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
I agree with you! Money Management is really very important in trading.
Member Since Jun 01, 2020   55 posts
Jun 09, 2020 at 06:45
Cruz45 posted:
Thorgaswyn posted:
If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
I agree with you! Money Management is really very important in trading.

True. It reduces the chances of losses and we must devote significant efforts to reduce losses and aim at consistency.
Member Since Jun 05, 2020   33 posts
Jun 09, 2020 at 10:38
Money management holds a really important place in trading. After all its all about our funds and those who aren't able to handle their funds in the right manner, can never go far.
PROFITINGSYSTEMS
forex_trader_1579982
Member Since Jun 04, 2020   48 posts
Jun 14, 2020 at 14:37
Risk less Earn more, that is the Best Money Management I use to earn great.
Member Since May 27, 2020   31 posts
Jun 19, 2020 at 03:16
PROFITINGSYSTEMS posted:
Risk less Earn more, that is the Best Money Management I use to earn great.
Great strategy!
Member Since Jan 12, 2020   17 posts
Aug 26, 2020 at 18:36
Correct capital management is the key to successful trading, not only for beginners but also for successful traders. Capital management is closely linked to risk management. Every trader must correctly calculate risks and make his transactions as comfortable as possible for psychology and earnings.
Member Since Apr 15, 2020   83 posts
Aug 28, 2020 at 10:09
Your results will depend on how you know how to manage capital
Member Since Jul 19, 2020   318 posts
Dec 03, 2020 at 12:29
If you want to become successful in the forex market you have to manage your money properly and perfectly. Because most traders lose their money because of wrong management strategy.
Member Since Jul 20, 2020   341 posts
Dec 25, 2020 at 10:09
Money management is the most important thing in the forex market. Every trader should make a good trading plan to make their investment effective and profitable.
Member Since Jul 19, 2020   788 posts
Dec 26, 2020 at 02:05
It is not possible to survive in trading without money management. Money management should be followed by every trader before trading.
Member Since Jul 27, 2020   16 posts
Dec 29, 2020 at 12:06
It is the greed for meant that makes most people in forex trading to lose all their money Once you see all of your trades working you what you should not increase your trade frequency or risk you put in. Keep on trading as you always do and change over time but not instantly.
Member Since Nov 26, 2020   30 posts
Dec 30, 2020 at 08:55
Unfortunately, we do not know how to do everything right right away, but if we draw the right conclusions from our mistakes, it is his time to correct them, then there will really be good success.
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