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any different ?
Anggota Sejak Mar 03, 2020
9 pos
Anggota Sejak Jul 23, 2020
759 pos
Anggota Sejak Jul 23, 2020
869 pos
Nov 12, 2021 at 12:35
Anggota Sejak Aug 22, 2020
8 pos
Actually, most of traders can't distinguish these two things and they're convinced that money management is the same as risk management. Generally speaking, it's really like that. However, if we dive deeper, we note that money management implies only management of your capital and deposit, for example you decide how much money you are able to devote to particular position. When we speak about risk management, it also includes some management of your funds, nevertheless it also includes the risks inside your position, for example, if you see that your position is in minus, you decide what risk percentage you can afford yourself. You put 10$ on a bull position, and you see that you already have 6$ because there is a very strong bear trend. So, you tell yourself that if there would be 5$ and lower, you exit the trade. Of course, it's only when you trade without SL.
Anggota Sejak Aug 05, 2021
401 pos
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