Money Management Tips
Uczestnik z Sep 07, 2020
63 postów
Feb 28, 2023 at 11:28
With my trading experience, here are some money management tips for forex trading:
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
1. Set a budget you're comfortable with
2. Use stop-loss orders to limit losses
3. Use leverage carefully
4. Stick to your trading plan
5. Don't risk more than 2% of your account on any single trade.
Uczestnik z Jun 26, 2020
327 postów
Mar 09, 2023 at 13:02
to maintain risk management 2% at all times is really a challenging issue , because market moves at random most of the time.
Uczestnik z Jan 12, 2023
20 postów
Mar 10, 2023 at 05:00
(edytowane Mar 10, 2023 at 05:00)
I try to use leverage cautiously and limit my exposure to the market.
Uczestnik z Aug 17, 2022
80 postów
Mar 13, 2023 at 12:23
Maverwallace_5 posted:Even me, I always keep limits to my leverage usage.
I try to use leverage cautiously and limit my exposure to the market.
Uczestnik z Feb 04, 2023
20 postów
Mar 16, 2023 at 11:39
Imo money management in forex is a crucial aspect, so it's better to set a stop loss, use proper risk-reward ratios before entering a trade, trade with a plan, and, monitor your trades.
Uczestnik z Jan 23, 2023
18 postów
Mar 21, 2023 at 12:56
One important money management tip is to create a budget and stick to it.
Uczestnik z Sep 19, 2021
4 postów
Mar 22, 2023 at 16:48
Well.
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
I´m trading over 100k accounts and rarely i go above 1 lot. Usually 0.30 and scale up if the trade is going my way. With a 500 pip move that is well above 1000$ in profit. But my loss is tiny.
I do scalp the stock market, again less than 200 shares or about.
This is how we stay in the game
Uczestnik z Nov 20, 2022
8 postów
Mar 23, 2023 at 09:05
Same we use 0.01 for our copytrading, currently helping 5000 clients copying my trades
Consistency is key of all time
Uczestnik z Jun 26, 2020
327 postów
Mar 24, 2023 at 08:45
sometimes money management works to fail , this is the dark side of this market place , there is nothing 100% in there.
Uczestnik z Jun 26, 2020
327 postów
Mar 27, 2023 at 09:03
what you think guys there is any different between money and risk management ?
Mar 28, 2023 at 22:03
I completely agree with you that money management is crucial for successful trading. It is essential to have a set of principles to follow and to choose your trading size based on your money management rules.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Risk management is a critical aspect of money management, and the rule you mentioned, not risking more than 2% of your capital in a single trade, is a commonly used and effective guideline. This rule helps to limit potential losses and protect your capital.
Uczestnik z Jun 26, 2020
327 postów
Mar 30, 2023 at 09:17
good information , thanks for nice reply
Apr 04, 2023 at 11:57
davesper posted:Yeah! that's true. But at least we can take precautions to control the risk by using stop loss and other risk management strategies.
In fact, there are only two scenarios in the market - either you control money, or money controls you.
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