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Money Management Systems.
Member Since May 19, 2020
321 posts
Aug 24, 2021 at 17:35
Money management in general has basic, unbreakable rules. In addition, the trader can design different trading models depending on market conditions. Risk control methods and algorithms of actions for different scenarios are what makes the systems different.
@Marcellus8610
Member Since Mar 16, 2021
447 posts
Sep 04, 2021 at 13:23
AliaDare posted:
Money management is the backbone of trading. By money management, I mean to include every trade in the plan. No more than a 2% risk can be taken for each trade. If your balance is 1000, then you can trade at 10 cents, which means 1 cent for every 100. If the profit is like 20 pips, you have to bring stop loss at the entry point.
Yes, you are right, I have lost a lot by not using money management and risk management.
Member Since Mar 16, 2021
447 posts
Sep 09, 2021 at 15:22
MarcellusLux posted:
Money management in general has basic, unbreakable rules. In addition, the trader can design different trading models depending on market conditions. Risk control methods and algorithms of actions for different scenarios are what makes the systems different.
Nice post, strategy has to be developed with patience. Strategy is a subsidiary of Money Management. Without which many complications are created in trading.
Member Since Mar 17, 2021
494 posts
Dec 26, 2021 at 07:32
croisssan posted:
It is very important to properly manage your money, because the final result of a trader's work really depends on this.
Yes. Proper money management helps a trader to make a good amount of profit.
Jan 13, 2022 at 20:49
Traders use various money management systems and all of them are useful I guess. The main idea of money management is not only saving money and deposit, but also learning how to operate with money. If you are trader you have to know how to interact with money and how to distribute deposit wisely. The more time you dedicate to the process of learning how to interact with money and how to distribute it, the more chances to be successful you have actually.
No doubts, that there are some traders who don't know how to manage money and thus it leads to upleasant consequences, however all of them might learn how to do it, but in fact not all of them have a real wish.
No doubts, that there are some traders who don't know how to manage money and thus it leads to upleasant consequences, however all of them might learn how to do it, but in fact not all of them have a real wish.
Jan 13, 2022 at 23:00
Whatever trading strategy that imp0lemented, money management has the important key to continuing trading strategy working n best trading performance, although trader have a good trading system but without money management in trading, it will mess up whole trading activities because can lead them to become greedy in trading
Jan 20, 2022 at 20:57
I believe that money management is really considered to be a significant thing. Some traders prefer not to pay attention to money management as well as risk management, however the matter here is to pay attention to thse things as they are really important. I prefer calculating various ratio, for example risk/reward daily. It helps me to understand ho much money I can afford myself in this particular day to spend and how much I'm going to earn. Some traders create this plan on a month, it doesn't matter at all. The system which I comply with includes 1:3 ratio of risk/reward and it's enough for the vast majority of traders.
Jan 20, 2022 at 21:40
Money management in real life and in real trading is very important, in real life implementation, we spent money based income, don't exceed spending than income, because will make a debt, in forex trading, don't trader like as gambling, but need to use money management and risk management, greedy is not a good answer to become a success in trading.
Feb 03, 2022 at 08:25
The main reason that money management systems are not available is that all traders have their own way of managing the trading account. The money management system for a trader is always unique as every trader has different capital, risk tolerance, goal, etc.
Member Since Apr 09, 2019
516 posts
Feb 03, 2022 at 09:58
Totally agree. 1% is so solid and allows for crap runs of variance.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 23, 2020
816 posts
Feb 06, 2022 at 01:53
Money management is a very important discipline in trading. This will help increase your trading sentiment and extend your life in the market.
Feb 06, 2022 at 22:34
Besides good trading strategy, money management has an important role for the successful trader, many professional traders always advise for beginners to trade use money management and take the maximum risk not more than 2% from every plan trading, this is important money management to increasing opportunity
Member Since Jul 20, 2020
385 posts
Feb 11, 2022 at 07:56
Davidfx89 posted:
i have seen despite of good money management the result of trading sometimes be useless , because there is nothing 100% in Forex trading
Definitely agree there is nothing 100% in forex but if you risk 1%, have an edge and aim for 2/3% you will be profitable its just math
