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Money management is extremely important
Jan 29, 2021 at 13:39
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8 Replies
Jan 29, 2021 at 13:39
Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total risk should not outperform 2% of your capital.
Member Since Jul 23, 2020
696 posts
Jan 29, 2021 at 17:49
To survive in the market, money management is important. Trader should also follow minimum 1:2 risk reward ratio.
Feb 01, 2021 at 10:47
To manage my risk I take after some strick money management rules. Initially I take after 2% cash management run the show. I never open trade woth over 2% of my value. I don't trade ordinary. I just open trade when I get a decent trading set up as per my procedure.
Feb 02, 2021 at 07:14
Yes, that's right, in my opinion, only with risk management can you really trade profitably. As a tip, I use a tool called Pipz for this. Perhaps you've heard of it before, it's really easy to calculate and manage the risk.
If someone is interested: https://pipz.info
For me its also important, that you lower your Risk while trading if the Trade is not working like planned and keep your losses small.
Cheers! :)
If someone is interested: https://pipz.info
For me its also important, that you lower your Risk while trading if the Trade is not working like planned and keep your losses small.
Cheers! :)
Member Since Jul 20, 2020
286 posts
Feb 10, 2021 at 15:34
Money management helps 95% of traders to succeed. So every trader should maintain money management.
Member Since Jul 20, 2020
278 posts
Feb 18, 2021 at 09:33
First, you have to do demo trading. In addition to demo trading, you need to do a lot of research on information and market conditions. Properly learn how to manage money and maintain risk rewards. As a new trader, if these strategies are followed properly, successful trading is possible.
Member Since Jul 23, 2020
816 posts
Jun 27, 2021 at 17:07
It is true. Otherwise, you will lose the money in a blink of an eye.
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