Money Management Systems.

Oct 14, 2020 at 15:18
2,947 Просмотры
58 Replies
Участник с Aug 03, 2018   3 комментариев
Oct 14, 2020 at 15:18
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
Участник с Jul 19, 2020   788 комментариев
Oct 15, 2020 at 00:38
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.
Участник с Apr 01, 2020   231 комментариев
Oct 15, 2020 at 01:30
You can learn about money management systems by watching different videos available on youtube.
Участник с Aug 03, 2018   3 комментариев
Oct 15, 2020 at 09:22
Thanks for the info on the risk level. I was wondering more about an equity strategy to control losses/drawdowns.
Участник с Jul 23, 2019   11 комментариев
Oct 15, 2020 at 10:46
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
Участник с Aug 03, 2018   3 комментариев
Oct 15, 2020 at 15:32
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
Участник с Jul 19, 2020   751 комментариев
Oct 18, 2020 at 13:41
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.
Участник с Jul 23, 2020   759 комментариев
Nov 09, 2020 at 16:19
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.
Участник с Aug 17, 2020   123 комментариев
Nov 12, 2020 at 17:10
I agree that 1-2% to risk is a good rule of thumb.
Участник с Jul 20, 2020   232 комментариев
Nov 21, 2020 at 19:45
Money management system is the most important system in the forex market.
Участник с Nov 03, 2020   65 комментариев
Nov 22, 2020 at 07:59
Knowledge and skills to manage your capital can save us from irreparable and uninhabited mistakes.
Участник с Jul 20, 2020   298 комментариев
Nov 25, 2020 at 05:24
It is not possible to succeed in trading without following money management. If a trader wants to achieve trading success, he must follow Money Management.
Участник с Nov 10, 2020   23 комментариев
Nov 27, 2020 at 04:58
Money management and risk management are the two most important skills that I have learnt over the years of my trading experience.
Участник с Nov 16, 2020   21 комментариев
Dec 09, 2020 at 08:30
I agree. If you are good at money management and risk management, you can avoid potential losses.

https://www.myfxbook.com/community/new-traders/new-trader-here-can-we/2486988,1Well, I am not sure about it because most brokers I know let you deposit and withdraw in the same currency.
Участник с May 24, 2020   112 комментариев
Jan 04, 2021 at 09:58
Another important point is the ability to take into account all the small details that are necessary for money management.
Участник с Nov 03, 2020   65 комментариев
Jan 10, 2021 at 17:05
It is worth noting that money management is a very voluminous concept, but in the context of Forex trading, it boils down to several basic methods. They are quite easy to use and allow you to limit losses.
Участник с Jul 19, 2020   318 комментариев
Jan 10, 2021 at 19:39
If you want to make money from this market, you need to have proper knowledge about forex trading. Without proper knowledge you can face a huge lose in this market. So, gather knowledge properly and then try to earn money from this market.
Участник с Apr 29, 2019   7 комментариев
Feb 08, 2021 at 11:13
What is the difference between money management and risk management?
Участник с Jan 13, 2021   38 комментариев
Feb 15, 2021 at 08:43
When trading small amounts, it should be remembered that your task is not to make money, but to learn how to trade, so you should not count on a large profit at first.
Участник с Jul 19, 2020   751 комментариев
Mar 13, 2021 at 13:21
We need risk management system so that we can minimize our risk. Without proper risk management it's not possible to survive in the market. We need a good winning percentage and a sustainable risk management policy.
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