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What does matter
Sep 11, 2019 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
Sep 14, 2019 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
Sep 14, 2019 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
Mitglied seit Feb 22, 2011
4573 Posts
Sep 17, 2019 at 13:21
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.
Sep 17, 2019 at 14:54
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!
Sep 17, 2019 at 18:16
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
forex_trader_688163
Mitglied seit Feb 28, 2019
128 Posts
Sep 18, 2019 at 02:40
MM is just part of your trading plan.
Mitglied seit Feb 22, 2011
4573 Posts
Sep 18, 2019 at 05:41
Gabor33 posted:
fundamental analysis, technical analysis, money/risk management, trading psychology.... they all matter, if you are not on top of any of these then you`re gonna lose your money.
Well most of that is not valid for robot trading
Mitglied seit Feb 22, 2011
4573 Posts
Sep 18, 2019 at 10:52
So once again,
what does matter is if you make profit,
and you make it consistently long term,
whatever trading method you use, whatever MM you use,
if you found what's working for you keep it, it is your personal holy grail
If it does not work change, it OMG or even leave world of Forex
what does matter is if you make profit,
and you make it consistently long term,
whatever trading method you use, whatever MM you use,
if you found what's working for you keep it, it is your personal holy grail
If it does not work change, it OMG or even leave world of Forex
Sep 18, 2019 at 14:21
togr posted:
So once again,
what does matter is if you make profit,
and you make it consistently long term,
whatever trading method you use, whatever MM you use,
if you found what's working for you keep it, it is your personal holy grail
If it does not work change, it OMG or even leave world of Forex
Same opinion from me; consistency is the key! Basically, only good skill traders are able to make regular money in this market; with an ordinary trading skill; it’s quite impossible!
Mitglied seit Aug 05, 2019
49 Posts
Sep 21, 2019 at 05:35
togr posted:
Well MM is part of trading plan
Without trading plan you should not trade at all
That’s right. The fact that most traders lose money in the markets is not really surprising if you consider that most traders have no money management plans and most of them ignore the facts that they can lose money on any of the trade they enter.
Sep 21, 2019 at 13:47
jaredtaylor posted:togr posted:
Well MM is part of trading plan
Without trading plan you should not trade at all
That’s right. The fact that most traders lose money in the markets is not really surprising if you consider that most traders have no money management plans and most of them ignore the facts that they can lose money on any of the trade they enter.
True; basically new traders focus on only earning instead of this type of crucial issue!! Your good trading strategy wouldn’t be good enough; if you don’t take care of MM rules!
Sep 28, 2019 at 15:15
AniLorak posted:jaredtaylor posted:togr posted:
Well MM is part of trading plan
Without trading plan you should not trade at all
That’s right. The fact that most traders lose money in the markets is not really surprising if you consider that most traders have no money management plans and most of them ignore the facts that they can lose money on any of the trade they enter.
True; basically new traders focus on only earning instead of this type of crucial issue!! Your good trading strategy wouldn’t be good enough; if you don’t take care of MM rules!
I see; many new traders start their trading by observing others unrealistic profit in the social media; as a result they also follow the same path!
Mitglied seit Aug 27, 2017
875 Posts
Nov 01, 2019 at 16:30
richard2 posted:
Yeah right. A trader has to use strategies only as per his personal goals, risk tolerance and expectations. Just following other people’s plans and strategies is not going to take them anywhere.
There is no way to rely on others strategy & plan! Forex is too much challenging; without own trading knowledge; there is no possibility!
keeping patience.......
Mitglied seit Mar 03, 2019
57 Posts
Nov 02, 2019 at 15:44
once you have been trading a while, you will know which stategies suit you best. I sometimes still use my demo account to try out new ones.
