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TRezin
Oct 14 2020 at 15:18
3 件の投稿
All,

Do any of you know where to find different money management methods/systems for trading accounts. Have looked in the search in the community but can't seem to find anything.

Thanks
TRez

AliaDare
Oct 15 2020 at 00:38
218 件の投稿
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.

Dictiony
Oct 15 2020 at 01:30
153 件の投稿
You can learn about money management systems by watching different videos available on youtube.

TRezin
Oct 15 2020 at 09:22
3 件の投稿
Thanks for the info on the risk level. I was wondering more about an equity strategy to control losses/drawdowns.

Aqissiaq
Oct 15 2020 at 10:46
11 件の投稿
I think it is best to stick to the 1-2% suggested by @AliaDare but to manually calculate everything. This will give you a much better feel and understanding of the risk and what it means

TRezin
Oct 15 2020 at 15:32
3 件の投稿
Hi Aqissiaq & AliaDare and thanks again for the feedback.

I think you are only thinking of the trading side of things that I fully understand after trading for a number of years. However, what I am asking is more about how to manage your account system. For example adding in a system that stops you trading after you hit 50% of your previous days losses or reducing your trading risk after 1, 2 or 3 losing trades.

This is a big part in forex trading and is what moved me forward from a break even trader in forex. What I am trying to find out is what other methods or systems are people using in this area.

Thanks

UweMoench
Oct 18 2020 at 13:41
214 件の投稿
Money management is very important for trading. Don't risk more than 2% in a trade. Also I prefer not to open multiple trades at a time. If you open two trades at a time it would be 4% which is not good. Survival in the market is the first skill we should achieve.

SofieAndreasen
Nov 09 2020 at 16:19
222 件の投稿
UweMoench posted:
Money management is very important for trading. Don't risk more than 2% in a trade. Also I prefer not to open multiple trades at a time. If you open two trades at a time it would be 4% which is not good. Survival in the market is the first skill we should achieve.

However, sometime I also open 2 or 3 trade in single day if I find good and potential trade. But I adjust my SL into my risk ratio what I set for per trade.

AniLorak
Nov 12 2020 at 10:05
907 件の投稿
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  

DoraWalletInvest
Nov 12 2020 at 17:10
123 件の投稿
I agree that 1-2% to risk is a good rule of thumb.

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