Both money management and trading psychology

UweMoench

Miembro desde Jul 19, 2020 posts 749

Dec 29, 2020 at 15:02

Miembro desde Jul 19, 2020 posts 749

Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.

LyudmilLukanov

Miembro desde Jul 23, 2020 posts 816

Dec 29, 2020 at 17:21

Miembro desde Jul 23, 2020 posts 816

Trading is a mind game. So, it is better to trade with clear mind.

winklebew

Miembro desde Nov 20, 2020 posts 15

Jan 20, 2021 at 04:25

Miembro desde Nov 20, 2020 posts 15

I agree with you. Money management is quite necessary for every trader and they should focus on it. Managing risk is also important.

Malajind

Miembro desde Aug 07, 2020 posts 71

Jan 25, 2021 at 10:08

Miembro desde Aug 07, 2020 posts 71

I completely agree with you, because when we are able to manage our capital, we are able to manage our risks.

uxStyle

Miembro desde Dec 26, 2018 posts 29

Jan 25, 2021 at 18:23

Miembro desde Dec 26, 2018 posts 29

I agree with the idea that all problems are in the head. If you can't handle something, it means you're not really committed to it - that's a 100% fact.

Simonnon

Miembro desde Sep 02, 2020 posts 14

Jan 25, 2021 at 19:00

Miembro desde Sep 02, 2020 posts 14

The main thing is to take your time.
And check out the strategies that bring you money, and the approaches that give you confidence.

momo3HC

Miembro desde Oct 20, 2018 posts 283

Jan 26, 2021 at 20:34

Miembro desde Oct 20, 2018 posts 283

Risk management too.

momchil_slavov@

robindude

Miembro desde Dec 11, 2020 posts 81

Feb 23, 2021 at 08:27

Miembro desde Dec 11, 2020 posts 81

momo3HC posted:
Risk management too.

Was looking for this one. Yes, Risk management is very important to minimize the losses and increasin the risk reward output

AliaDare

Miembro desde Jul 19, 2020 posts 742

Mar 30, 2021 at 17:25

Miembro desde Jul 19, 2020 posts 742

Yes, of course, money management and trading psychology is a very important issue in forex trading. It is impossible to stay in trading without applying that formula. I know it will help me a lot to be successful.

Tradelist45

Miembro desde Jun 26, 2020 posts 323

Dec 26, 2021 at 08:03

Miembro desde Jun 26, 2020 posts 323

the success on money management depends on your trading plan , actually its all about a perfect knowledge , when you have then you can make a powerful money management which will support you for all time to avoid unfortunate risk and losses.

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Both money management and trading psychology