Money management is extremely important
Jan 29, 2021 at 13:39
674 Views
8 Replies
Biedrs kopš
751 ieraksti
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.
Biedrs kopš
759 ieraksti
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.
Biedrs kopš
298 ieraksti
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.
Biedrs kopš
9 ieraksti
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! :)
Biedrs kopš
785 ieraksti
Feb 02, 2021 at 10:18
there is any different between money and risk management ? i sometimes feel its all about same issue nothing , without it.
Biedrs kopš
298 ieraksti
Feb 10, 2021 at 15:34
Money management helps 95% of traders to succeed. So every trader should maintain money management.
Biedrs kopš
341 ieraksti
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.
Biedrs kopš
869 ieraksti
Jun 27, 2021 at 17:07
It is true. Otherwise, you will lose the money in a blink of an eye.
Biedrs kopš
617 ieraksti
Jul 05, 2021 at 12:39
Yes without proper money management, no one can survive in the market. One may get initial success but that's not the end. Newbies should focus on money management from the beginning.
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