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Money management is an integral
Apr 26, 2021 at 10:37
Membre depuis Oct 17, 2018
posts 99
UweMoench posted:
Money management is an integral part of forex trading. If anyone is not having any money management policy, he/she is never gonna be a good trader ever. You need to follow some good and realistic money management system.
100% i spent years just following blindly and not understanding the risks. i would make some profit and then blow the account was never managing anything. now i have been learning all the indicators have gone and the signal providers just using market moves price action an correct risk management now slowly building profit long term
Membre depuis Apr 21, 2021
posts 1
Jun 06, 2021 at 11:30
Membre depuis Apr 21, 2021
posts 1
UweMoench posted:100% true
Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.
Membre depuis Feb 20, 2021
posts 51
Membre depuis Jun 15, 2021
posts 13
Jun 30, 2021 at 06:50
Membre depuis Jun 15, 2021
posts 13
For money management I maintain trading journal, this helps me to track that which strategies and trade amounts have gave me the good bunch and with that it also helps me to improve my further trades by looking at past areas of improvement.
Jul 05, 2021 at 11:35
Membre depuis Jul 19, 2020
posts 749
@thespreader That is a good approach to manage risk. Learning from the past mistakes is the best learning. Those who do not take lesson from past mistakes can not do well.
Membre depuis Jun 08, 2021
posts 9

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