Money Management Tips

In my opinion best money management tip is to use a stop loss.

With my trading experience, here are some money management tips for forex trading:

1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.

Well said above, especially 5th point. Never ever risk more than 2%.

to maintain risk management 2% at all times is really a challenging issue , because market moves at random most of the time.

I try to use leverage cautiously and limit my exposure to the market.

Maverwallace_5 posted:
I try to use leverage cautiously and limit my exposure to the market.

Even me, I always keep limits to my leverage usage.

Imo money management in forex is a crucial aspect, so it's better to set a stop loss, use proper risk-reward ratios before entering a trade, trade with a plan, and, monitor your trades.

One important money management tip is to create a budget and stick to it.

Well.

I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.

I do scalp the stock market, again less than 200 shares or about.

This is how we stay in the game

Same we use 0.01 for our copytrading, currently helping 5000 clients copying my trades

sometimes money management works to fail , this is the dark side of this market place , there is nothing 100% in there.

what you think guys there is any different between money and risk management ?

I completely agree with you that money management is crucial for successful trading. It is essential to have a set of principles to follow and to choose your trading size based on your money management rules.

Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.

good information , thanks for nice reply