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Money Management Systems.

Oct 14, 2020 at 15:18
Vues 1,917
60 Replies
Membre depuis Jan 13, 2021   posts 38
Feb 15, 2021 at 08:43
When trading small amounts, it should be remembered that your task is not to make money, but to learn how to trade, so you should not count on a large profit at first.
Membre depuis Jul 19, 2020   posts 751
Mar 13, 2021 at 13:21
We need risk management system so that we can minimize our risk. Without proper risk management it's not possible to survive in the market. We need a good winning percentage and a sustainable risk management policy.
Marcel Durham (MarcellusLux)
Membre depuis May 19, 2020   posts 337
Aug 24, 2021 at 17:35
Money management in general has basic, unbreakable rules. In addition, the trader can design different trading models depending on market conditions. Risk control methods and algorithms of actions for different scenarios are what makes the systems different.
Membre depuis May 31, 2021   posts 56
Aug 25, 2021 at 08:37
Anyone currently using a good money management skill that has reduced the number of losses or has kept your losses lower than the profits earned?
Membre depuis Mar 28, 2021   posts 617
Sep 04, 2021 at 12:58
Trading without money managment is nothing but gambling. You can not do gambling while forex trading. To try your luck one should go to casio or buy lottery tickets.
Membre depuis Mar 16, 2021   posts 477
Sep 04, 2021 at 13:23
AliaDare posted:
Money management is the backbone of trading. By money management, I mean to include every trade in the plan. No more than a 2% risk can be taken for each trade. If your balance is 1000, then you can trade at 10 cents, which means 1 cent for every 100. If the profit is like 20 pips, you have to bring stop loss at the entry point.
Yes, you are right, I have lost a lot by not using money management and risk management.
Membre depuis Dec 23, 2019   posts 21
Sep 08, 2021 at 18:38
There are lots of different opinions concerning money management. I would suggest you to watch youtube as most of the traders share their opinions over there.
Membre depuis Mar 16, 2021   posts 477
Sep 09, 2021 at 15:22
MarcellusLux posted:
Money management in general has basic, unbreakable rules. In addition, the trader can design different trading models depending on market conditions. Risk control methods and algorithms of actions for different scenarios are what makes the systems different.
Nice post, strategy has to be developed with patience. Strategy is a subsidiary of Money Management. Without which many complications are created in trading.
Membre depuis Mar 17, 2021   posts 536
Dec 26, 2021 at 07:32
croisssan posted:
It is very important to properly manage your money, because the final result of a trader's work really depends on this.
Yes. Proper money management helps a trader to make a good amount of profit.
Membre depuis Jul 19, 2020   posts 751
Dec 27, 2021 at 07:09
Yes money management is one of the important things in trading but at the same time it's the most neglated things. Most people don't bother about money management.
Membre depuis Nov 30, 2019   posts 20
Jan 13, 2022 at 20:49
Traders use various money management systems and all of them are useful I guess. The main idea of money management is not only saving money and deposit, but also learning how to operate with money. If you are trader you have to know how to interact with money and how to distribute deposit wisely. The more time you dedicate to the process of learning how to interact with money and how to distribute it, the more chances to be successful you have actually.
No doubts, that there are some traders who don't know how to manage money and thus it leads to upleasant consequences, however all of them might learn how to do it, but in fact not all of them have a real wish.
Suradi (FXOday)
Membre depuis Apr 03, 2021   posts 470
Jan 13, 2022 at 23:00
Whatever trading strategy that imp0lemented, money management has the important key to continuing trading strategy working n best trading performance, although trader have a good trading system but without money management in trading, it will mess up whole trading activities because can lead them to become greedy in trading
Membre depuis Jan 14, 2022   posts 10
Jan 14, 2022 at 09:40
There are some automated EA on MT4 that you can be used for money management but in my view it is best to first learn how to calculate money management manually so that the process is fully understood.
Membre depuis Oct 15, 2020   posts 11
Jan 15, 2022 at 14:15
There are so many strategies for money and risk management available online. I know that you can find some of the threads devoted to this topic on this forum. You can also browse youtube and look for the money management there.
Membre depuis Jun 13, 2020   posts 17
Jan 20, 2022 at 20:57
I believe that money management is really considered to be a significant thing. Some traders prefer not to pay attention to money management as well as risk management, however the matter here is to pay attention to thse things as they are really important. I prefer calculating various ratio, for example risk/reward daily. It helps me to understand ho much money I can afford myself in this particular day to spend and how much I'm going to earn. Some traders create this plan on a month, it doesn't matter at all. The system which I comply with includes 1:3 ratio of risk/reward and it's enough for the vast majority of traders.
Suradi (FXOday)
Membre depuis Apr 03, 2021   posts 470
Jan 20, 2022 at 21:40
Money management in real life and in real trading is very important, in real life implementation, we spent money based income, don't exceed spending than income, because will make a debt, in forex trading, don't trader like as gambling, but need to use money management and risk management, greedy is not a good answer to become a success in trading.
Membre depuis Jun 16, 2021   posts 111
Feb 01, 2022 at 06:23
Money management in forex trading is a systematic approach to the management of financial risk in your position. Managing money effectively is crucial and can play a key role in how successful your forex strategy is.
Membre depuis Jan 18, 2022   posts 20
Feb 03, 2022 at 08:25
The main reason that money management systems are not available is that all traders have their own way of managing the trading account. The money management system for a trader is always unique as every trader has different capital, risk tolerance, goal, etc.
Membre depuis Feb 08, 2019   posts 213
Feb 03, 2022 at 09:43
1% risk per trade works well. You will die of old age before you blow an account using this approach......
Seb King (sebking1986)
Membre depuis Apr 09, 2019   posts 538
Feb 03, 2022 at 09:58
Totally agree. 1% is so solid and allows for crap runs of variance.
If you can't spot the liquidity then you are the liquidity.
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