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Manage Money
Member Since Oct 08, 2016
57 posts
Feb 22, 2018 at 10:03
Actually without proper money management even the best strategy would yield poor result. Money management begins with determining the lot size or allocation of capital to a trade. This is followed by assessment of risk to reward ratio and usage of stop loss and take profit facility. Unless and otherwise a trader is adept in all the criteria mentioned above, it would be very difficult to come out successfully in the long term. Very few traders are exceptional in money management and so they perform exceedingly well than others even when similar trading strategy is used.
To change your trading result, just change your thinking.
Feb 28, 2018 at 16:07
If you have a really good strategy - you would already include the stop loss and take profit facilities. 90% of those actual good strategies include those components. Again I think that money management is important, but consider the trading strategy to be the starting priority.
Accept the loss as experience
Mar 25, 2018 at 05:28
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Member Since Dec 11, 2015
1462 posts
Mar 27, 2018 at 06:41
Do you have any tips and advice about good money management?
Member Since Mar 13, 2018
13 posts
Mar 28, 2018 at 11:53
Don't risk more than you can afford to lose!
Member Since Dec 11, 2015
1462 posts
Mar 28, 2018 at 14:45
Development101 posted:
Don't risk more than you can afford to lose!
That's about as succinct and practical advice as it can get.
Also - always extensively test your strategies before implementing them on a live account.
May 18, 2018 at 10:41
The main issue in Forex is to keep survive continue. And for surviving in a proper way we the traders first of all have to make sure real exclusive educational facilities that are very supportive to be a knowledgeable trader rapidly. we can choose the broker which always ensures best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities.
Jul 29, 2019 at 11:01
mlawson71 posted:
Do you have any tips and advice about good money management?
Money Management is a strategy that may decide the trader’s longevity. Even if somebody is a good trader but poor management will result chaos in his trading. Money management is all about risk management and leverage. A person with 70% win rate,poor money management on the 20% can wipe out whereas 60% win rate is still better with sound money management plan. You can avoid revenge trading and high risk trades. Although risk is inevitable but don’t risk more than you can’t afford.
Member Since Mar 05, 2017
17 posts
Jul 30, 2019 at 03:46
without capital management, how good your trading strategy is will only result in losses.
Member Since Mar 03, 2019
57 posts
Nov 04, 2019 at 11:17
Development101 posted:This is essential, could be bad times ahead otherwise.
Don't risk more than you can afford to lose!
Member Since Nov 06, 2019
45 posts
Nov 11, 2019 at 23:24
This is the first thing I tell new traders, money management is not only key to trading but to investing in general. Some good advice :)
Winning...
Member Since Jan 05, 2016
1097 posts
Nov 13, 2019 at 08:16
TiffanyK posted:
If you have a really good strategy - you would already include the stop loss and take profit facilities. 90% of those actual good strategies include those components. Again I think that money management is important, but consider the trading strategy to be the starting priority.
It doesn't matter what the strategy is, if you aren't using effective Risk Management then you are putting your investments at risk.
Risk Management should ALWAYS be the highest priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jul 20, 2020
278 posts
Sep 09, 2020 at 18:37
If you want to make money from this market, you need to have proper knowledge about money management. If you can not manage your money properly, it will be quite tough to make a profit from the market.
Member Since Jul 20, 2020
286 posts
Sep 10, 2020 at 01:59
Trading is a market of possibilities. And if you want to make a profit in the market of possibilities, you must follow money management. Only money management can get you to the brink of success. Money management maintains discipline in trading and helps keep investments safe.
Member Since Sep 07, 2020
70 posts
Sep 10, 2020 at 05:35
Money management is and has always been very important technique to be conisdered while trading. It helps to keep your investment safe from facing any dangers
Member Since Jun 24, 2020
31 posts
Sep 10, 2020 at 07:10
ForexViking69 posted:
This is the first thing I tell new traders, money management is not only key to trading but to investing in general. Some good advice :)
Yeah totally. It helps you stay disciplined and rational.
Member Since Jul 19, 2020
283 posts
Sep 16, 2020 at 14:24
If you can set your money management perfectly it is obvious to make money from this market. Most of the traders lose their money because of their wrong money management policy.
