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Money management is an integral

SteveHanks
Apr 20 at 15:51
posts 458
Ferdii posted:
Try to start managing your capital at the stage of practicing a demo account, then you will be able to understand how complete your knowledge is.

Yes. Demo is very important before starting with the real money.

LukeRachel
Apr 21 at 00:15
posts 393
Sarjohn posted:
Yes knowledge of risk management, price action, money management, chart patterns are important to become successful in trading.

No matter what strategy I use, I need to follow money management and risk management first.

willisgoodwin
Apr 22 at 05:35
posts 10
Money management is something no trader can do without in the forex market.

Tradelist45
Apr 22 at 07:16
posts 148
managing money is a great skill in this trading place and need a long time patience to be experienced about that.

lisabethluke
Apr 23 at 10:53
posts 12
Yes, no one can ignore that aspect in forex if they actually have to make money in the market.

Evelpist (Evelpist)
Apr 23 at 12:00
posts 26
Knowledge and skills in money management cannot be acquired without proper experience. Just by reading the book, you will not be able to apply the accumulated knowledge in practice. But systematic training and practical application of the basics of money management will help you become a real expert in the field of Forex trading.

A walking person is always faster than a standing person
UweMoench
Apr 24 at 11:01
posts 647
Problem is most traders do not want to manage their risk. They suffer from overconfidence. As a result they lose money again and again and very few learn the lesson.

Pezza
Apr 26 at 10:37
posts 44
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

UweMoench
Jun 06 at 11:21
posts 647
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.

EnizNeziric
Jun 06 at 11:30
posts 1
UweMoench posted:
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.
100% true

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