Both money management and trading psychology

Dec 29, 2020 at 15:02
Przeglądane 725
9 Replies
Uczestnik z Jul 19, 2020   751 postów
Dec 29, 2020 at 15:02
Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.
Uczestnik z Jul 23, 2020   869 postów
Dec 29, 2020 at 17:21
Trading is a mind game. So, it is better to trade with clear mind.
Uczestnik z Nov 20, 2020   17 postów
Jan 20, 2021 at 04:25
I agree with you. Money management is quite necessary for every trader and they should focus on it. Managing risk is also important.
Uczestnik z Aug 07, 2020   75 postów
Jan 25, 2021 at 10:08
I completely agree with you, because when we are able to manage our capital, we are able to manage our risks.
Uczestnik z Dec 26, 2018   34 postów
Jan 25, 2021 at 18:23
I agree with the idea that all problems are in the head. If you can't handle something, it means you're not really committed to it - that's a 100% fact.
Uczestnik z Sep 02, 2020   14 postów
Jan 25, 2021 at 19:00
The main thing is to take your time.
And check out the strategies that bring you money, and the approaches that give you confidence.
Uczestnik z Oct 20, 2018   300 postów
Jan 26, 2021 at 20:34
Risk management too.
momchil_slavov@
Uczestnik z Dec 11, 2020   110 postów
Feb 23, 2021 at 08:27
momo3HC posted:
Risk management too.
Was looking for this one. Yes, Risk management is very important to minimize the losses and increasin the risk reward output
Uczestnik z Jul 19, 2020   788 postów
Mar 30, 2021 at 17:25
Yes, of course, money management and trading psychology is a very important issue in forex trading. It is impossible to stay in trading without applying that formula. I know it will help me a lot to be successful.
Uczestnik z Jun 26, 2020   327 postów
Dec 26, 2021 at 08:03
the success on money management depends on your trading plan , actually its all about a perfect knowledge , when you have then you can make a powerful money management which will support you for all time to avoid unfortunate risk and losses.
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