Both money management and trading psychology

Membre depuis Jul 19, 2020 posts 751

Dec 29, 2020 at 15:02

Membre depuis Jul 19, 2020 posts 751

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

Membre depuis Jul 23, 2020 posts 869

Dec 29, 2020 at 17:21

Membre depuis Jul 23, 2020 posts 869

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

winklebew

Membre depuis Nov 20, 2020 posts 17

Jan 20, 2021 at 04:25

Membre depuis Nov 20, 2020 posts 17

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

Malajind

Membre depuis Aug 07, 2020 posts 75

Jan 25, 2021 at 10:08

Membre depuis Aug 07, 2020 posts 75

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

uxStyle

Membre depuis Dec 26, 2018 posts 34

Jan 25, 2021 at 18:23

Membre depuis Dec 26, 2018 posts 34

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

Membre depuis Sep 02, 2020 posts 14

Jan 25, 2021 at 19:00

Membre depuis 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

Membre depuis Oct 20, 2018 posts 300

Jan 26, 2021 at 20:34

Membre depuis Oct 20, 2018 posts 300

Risk management too.

momchil_slavov@

robindude

Membre depuis Dec 11, 2020 posts 110

Feb 23, 2021 at 08:27

Membre depuis Dec 11, 2020 posts 110

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

Membre depuis Jul 19, 2020 posts 788

Mar 30, 2021 at 17:25

Membre depuis Jul 19, 2020 posts 788

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

Membre depuis Jun 26, 2020 posts 327

Dec 26, 2021 at 08:03

Membre depuis Jun 26, 2020 posts 327

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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