Money management is an integral

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.

Leverage makes us to control more money than we have. So, money management is important for effective trading.

Yes and I think both money management and risk management should be considered to be an integral part while trading forex.

I think so too. I have lost a lot of investment by trading without money management. I believe that if I maintain discipline and follow money management with a positive mindset, I can become a successful trader in the future.

Money management is the most important part of forex trading. Those who do not follow any money management policy, they never get long term success.

The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.

what you think guys there is any difference between money and risk management ? its al about same or any difference there is ?

I never forget to follow the Money Management Rules. Because I know money management and risk management is an important part of trading.

Starcliff posted:
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.

Excellent. Money management is needed to control loss. This is something I must keep in mind no matter what strategy I use.

Money management is important for those with a large and a small account. But if you are new trader then just use min Lot size to start with and then focus on MM when you get the hand of the other aspects of trading

I never trade without money management. If I want to trade, I have to manage money first and then think of profit.

While the beginner is gaining experience and practice, he needs to act as simple as possible and with minimal opportunities.

Yes knowledge of risk management, price action, money management, chart patterns are important to become successful in trading.

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.

Starcliff posted:
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.

I wanna ask you, what % of your total trading account balance to you put on the line at max?

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.

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.

Money management is something no trader can do without in the forex market.

managing money is a great skill in this trading place and need a long time patience to be experienced about that.