Money Management Tips

Oct 19, 2020 at 06:48
8,896 Angesehen
180 Replies
Mitglied seit Oct 28, 2022   50 Posts
Feb 21, 2023 at 12:37
In my opinion best money management tip is to use a stop loss.
Mitglied seit Sep 07, 2020   70 Posts
Feb 28, 2023 at 11:28
With my trading experience, here are some money management tips for forex trading:

1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
Mitglied seit Oct 06, 2021   14 Posts
Mar 07, 2023 at 07:05
Well said above, especially 5th point. Never ever risk more than 2%.
Mitglied seit Jun 26, 2020   323 Posts
Mar 09, 2023 at 13:02
to maintain risk management 2% at all times is really a challenging issue , because market moves at random most of the time.
Mitglied seit Jan 12, 2023   20 Posts
Mar 10, 2023 at 05:00 (bearbeitet Mar 10, 2023 at 05:00)
I try to use leverage cautiously and limit my exposure to the market.
Mitglied seit Aug 17, 2022   79 Posts
Mar 13, 2023 at 12:23
Maverwallace_5 posted:
I try to use leverage cautiously and limit my exposure to the market.

Even me, I always keep limits to my leverage usage.
Mitglied seit Feb 04, 2023   18 Posts
Mar 16, 2023 at 11:39
Imo money management in forex is a crucial aspect, so it's better to set a stop loss, use proper risk-reward ratios before entering a trade, trade with a plan, and, monitor your trades.
Mitglied seit Jan 23, 2023   18 Posts
Mar 21, 2023 at 12:56
One important money management tip is to create a budget and stick to it.
Mitglied seit Sep 19, 2021   4 Posts
Mar 22, 2023 at 16:48
Well.

I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.

I do scalp the stock market, again less than 200 shares or about.

This is how we stay in the game

Mitglied seit Nov 20, 2022   5 Posts
Mar 23, 2023 at 09:05
Same we use 0.01 for our copytrading, currently helping 5000 clients copying my trades
Consistency is key of all time
Mitglied seit Jun 26, 2020   323 Posts
Mar 24, 2023 at 08:45
sometimes money management works to fail , this is the dark side of this market place , there is nothing 100% in there.
Mitglied seit Jun 26, 2020   323 Posts
Mar 27, 2023 at 09:03
what you think guys there is any different between money and risk management ?
Mitglied seit Mar 28, 2023   1 Posts
Mar 28, 2023 at 22:03
I completely agree with you that money management is crucial for successful trading. It is essential to have a set of principles to follow and to choose your trading size based on your money management rules.

Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Mitglied seit Jun 26, 2020   323 Posts
Mar 30, 2023 at 09:17
good information , thanks for nice reply
Mitglied seit Apr 18, 2020   55 Posts
Apr 04, 2023 at 11:57
davesper posted:
In fact, there are only two scenarios in the market - either you control money, or money controls you.

Yeah! that's true. But at least we can take precautions to control the risk by using stop loss and other risk management strategies.
Mitglied seit Jun 14, 2025   1 Posts
Jun 14 at 10:58 (bearbeitet Jun 14 at 11:01)

Absolutely agree with what’s been said above money management is just as critical as having a solid trading strategy. One mistake I made early on was focusing too much on entry signals and not enough on how much I was risking per trade. Even a good strategy can fail without proper risk control.


What really helped me was setting a strict rule not just for individual trades, but for my total exposure at any given time like the original post mentioned, even if you’re risking 2% per trade, multiple open trades can add up quickly. I started using simple tools and calculators to plan out scenarios and ensure I wasn't overextending.


Also, if you're trading while managing your full-time job or nearing the end of your employment contract, tools like the End of Service Calculator: https://endofservicecalculator.site/ can help you get a clearer picture of your overall financial position. Knowing what cushion you have can inform how aggressively or conservatively you approach your trades. 


In short, treat trading like a business. Track everything, control your risk, and always know where you stand financially.


Mitglied seit Mar 21, 2023   22 Posts
Jun 15 at 10:43
Michihito posted:
Money management is vital for trading. You ought to have a few principles to take after. Trading size ought to be chosen by your money management rules. The most popular rule is don't risk over 2% of your capital in a trade. But, it doesn't mean you can open many trades. Your aggregate risk ought not surpass 2% of your capital.

Yeah. Don’t throw all your cash into one trade like it’s a Vegas bet. Risk a small percent and use stop-losses like your life depends on it, because honestly it does (your trading life at least). And don’t revenge trade, been there, lost that. 

Mitglied seit Mar 19, 2025   24 Posts
Jun 17 at 12:36

Using a stop loss is definitely one of the smartest money management tools out there.. I usually set my stop loss based on recent support or resistance levels, or sometimes I use a fixed percentage of my trade size to keep things consistent.


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