Both money management and trading psychology

Anggota Sejak Jul 19, 2020 751 pos

Dec 29, 2020 at 15:02

Anggota Sejak Jul 19, 2020 751 pos

Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.

LyudmilLukanov

Anggota Sejak Jul 23, 2020 869 pos

Dec 29, 2020 at 17:21

Anggota Sejak Jul 23, 2020 869 pos

Trading is a mind game. So, it is better to trade with clear mind.

winklebew

Anggota Sejak Nov 20, 2020 17 pos

Jan 20, 2021 at 04:25

Anggota Sejak Nov 20, 2020 17 pos

I agree with you. Money management is quite necessary for every trader and they should focus on it. Managing risk is also important.

Malajind

Anggota Sejak Aug 07, 2020 75 pos

Jan 25, 2021 at 10:08

Anggota Sejak Aug 07, 2020 75 pos

I completely agree with you, because when we are able to manage our capital, we are able to manage our risks.

uxStyle

Anggota Sejak Dec 26, 2018 34 pos

Jan 25, 2021 at 18:23

Anggota Sejak Dec 26, 2018 34 pos

I agree with the idea that all problems are in the head. If you can't handle something, it means you're not really committed to it - that's a 100% fact.

Simonnon

Anggota Sejak Sep 02, 2020 14 pos

Jan 25, 2021 at 19:00

Anggota Sejak Sep 02, 2020 14 pos

The main thing is to take your time.
And check out the strategies that bring you money, and the approaches that give you confidence.

momo3HC

Anggota Sejak Oct 20, 2018 300 pos

Jan 26, 2021 at 20:34

Anggota Sejak Oct 20, 2018 300 pos

Risk management too.

momchil_slavov@

robindude

Anggota Sejak Dec 11, 2020 110 pos

Feb 23, 2021 at 08:27

Anggota Sejak Dec 11, 2020 110 pos

momo3HC posted:
Risk management too.

Was looking for this one. Yes, Risk management is very important to minimize the losses and increasin the risk reward output

AliaDare

Anggota Sejak Jul 19, 2020 788 pos

Mar 30, 2021 at 17:25

Anggota Sejak Jul 19, 2020 788 pos

Yes, of course, money management and trading psychology is a very important issue in forex trading. It is impossible to stay in trading without applying that formula. I know it will help me a lot to be successful.

Tradelist45

Anggota Sejak Jun 26, 2020 327 pos

Dec 26, 2021 at 08:03

Anggota Sejak Jun 26, 2020 327 pos

the success on money management depends on your trading plan , actually its all about a perfect knowledge , when you have then you can make a powerful money management which will support you for all time to avoid unfortunate risk and losses.

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