Money Management
May 07, 2020 at 11:38
Money Management is one of the most important pillar here! Greedy Forex traders lose their full trading balance end of the day, since they don’t respect money management as well as risk management policies! On the other hand, professional Forex traders are able to recover their trading mistakes so smarty, because of using MM trading rules in their trading!
Membre depuis Aug 27, 2017
posts 875
May 08, 2020 at 12:27
Really 1% is such a secure risk reward ratio, that means you need consistent SL to crush your full balance, by the way; usually I use 2% risk ratio in my single trade.
keeping patience.......
May 15, 2020 at 07:32
I traded 2-3 years full-time, and I have more than 10 years (part-time/hobby) trading experience.
I agree on money mgmt, but would like to point out also, that when running one-man trading business, it's very
difficult to perform daily year-in year-out. Usually since I have no boss in my trading, I abandon my trading plan
from time to time, since there is no outside pressure.
Somekind of peer-to-peer working with another trader would propably help. Both would review and supervise
each other's trading-plans and that they are enforced, as well as money mgmt. anyone has experience on this?
Trading is not my preferred source of income anymore, I have other business plans now.
I realized any business could benefit from peer-review. So I give you a challenge, work with me on
peer-reviewing my business and I'll work for you on your trading.
I posted here since I thought there are enough money hungry people here to be interested :)
ps. message me here privately if interested.
I agree on money mgmt, but would like to point out also, that when running one-man trading business, it's very
difficult to perform daily year-in year-out. Usually since I have no boss in my trading, I abandon my trading plan
from time to time, since there is no outside pressure.
Somekind of peer-to-peer working with another trader would propably help. Both would review and supervise
each other's trading-plans and that they are enforced, as well as money mgmt. anyone has experience on this?
Trading is not my preferred source of income anymore, I have other business plans now.
I realized any business could benefit from peer-review. So I give you a challenge, work with me on
peer-reviewing my business and I'll work for you on your trading.
I posted here since I thought there are enough money hungry people here to be interested :)
ps. message me here privately if interested.
May 20, 2020 at 06:46
reggae posted:
Very true. People need to get into in understand the money management which will make your trading so much safer and deal with less risk of loss.
You are right. When we have a strategy for managing risk, trading becomes so much better.
May 20, 2020 at 11:59
richard2 posted:reggae posted:
Very true. People need to get into in understand the money management which will make your trading so much safer and deal with less risk of loss.
You are right. When we have a strategy for managing risk, trading becomes so much better.
Bingo
Membre depuis Dec 25, 2019
posts 19
May 21, 2020 at 17:15
I agree with you! Money Management is really very important in trading. If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
Jun 04, 2020 at 09:04
Thorgaswyn posted:
If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
I agree with you! Money Management is really very important in trading.
Jun 09, 2020 at 06:45
Cruz45 posted:Thorgaswyn posted:
If you don't do it, you'll fail very quickly. You won't know where your money goes or why your profits are going down. You'll blame your broker, the rest of the traders, but not your own approach to money management.
I agree with you! Money Management is really very important in trading.
True. It reduces the chances of losses and we must devote significant efforts to reduce losses and aim at consistency.
Membre depuis Jun 05, 2020
posts 31
Jun 09, 2020 at 10:38
Money management holds a really important place in trading. After all its all about our funds and those who aren't able to handle their funds in the right manner, can never go far.
forex_trader_1579982
Membre depuis Jun 04, 2020
posts 41
Jun 14, 2020 at 14:37
Risk less Earn more, that is the Best Money Management I use to earn great.
Membre depuis Jan 12, 2020
posts 17
Aug 26, 2020 at 18:36
Correct capital management is the key to successful trading, not only for beginners but also for successful traders. Capital management is closely linked to risk management. Every trader must correctly calculate risks and make his transactions as comfortable as possible for psychology and earnings.
Membre depuis Jul 19, 2020
posts 283
Dec 03, 2020 at 12:29
If you want to become successful in the forex market you have to manage your money properly and perfectly. Because most traders lose their money because of wrong management strategy.
Membre depuis Jul 20, 2020
posts 278
Dec 25, 2020 at 10:09
Money management is the most important thing in the forex market. Every trader should make a good trading plan to make their investment effective and profitable.
Dec 29, 2020 at 12:06
It is the greed for meant that makes most people in forex trading to lose all their money Once you see all of your trades working you what you should not increase your trade frequency or risk you put in. Keep on trading as you always do and change over time but not instantly.
