Money Management

May 07, 2020 at 11:38
3,105 Angesehen
50 Replies
Mitglied seit 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!
Mitglied seit 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?
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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
Mitglied seit 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.
Mitglied seit 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!
Mitglied seit 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.
Mitglied seit Apr 15, 2020   83 Posts
Aug 28, 2020 at 10:09
Your results will depend on how you know how to manage capital
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit 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.
Anmelden / Registrieren to comment
You must be connected to Myfxbook in order to leave a comment
*Kommerzielle Nutzung und Spam werden nicht toleriert und können zur Kündigung des Kontos führen.
Tipp: Wenn Sie ein Bild/eine Youtube-Url posten, wird diese automatisch in Ihren Beitrag eingebettet!
Tipp: Tippen Sie das @-Zeichen ein, um einen an dieser Diskussion teilnehmenden Benutzernamen automatisch zu vervollständigen.