Money Management Tips

A proper money management will surely benefit the trader. You should know where and how to spend your capital and take care of your funds. Money management and risk management are really important in trading.

I don't have strong money management tips but always make sure to keep the risk reward ratio to low as you can. Preferably 1:2 the most.

Money Management basically covers everything about trading, Good Money Management means you are profitable trader. For 20 years, good money management is while I get increasing funds with my firm to trade, Just learn the basics of taken loss when you are wrong, and you will be good at making good profits,and don't give out profits you already made back to the market, meaning if you made $5 and you take a risk of $1from it, if you lose that $1, and take a risk with another and lose again, making $3 left, just retire for the day with you profits of $3, and plan ahead patiently for the next day trades.

That is my own secret of developing a good money management, now i do it like a machine as with my years of experienced I have improved greatly and keepi mproving daily.
This year, I went like 23 week in a stretch without losing a single trade in a day in my firm account, this is because I keep and want to make sure I turn perfect in it, but no one can ever be perfect like not having a losing trade, but containing it to be very small compare to your huge profits is always the point here.

But do not forget, without patient, you can't achieve this, all profitable traders are patient traders and that is a fact.

If you are lucky to be with me each day of trading, you will get bored wanting to see how I trade, but while you are getting bored, I'm patiently waiting to take the right BUY/SELL positions, and that is best way for me to keep up with profits, all experienced traders knows this. Hope this helps.

AniLorak posted:
money and risk management its all about same , i
 feel most of the time , because we use it to avoid unfortunate risk and losses.

Yes, Money Management is equal to Risk Management.

Roberto21 posted:
sometimes you can feel only knowledge can help you when trading , on the other hand it seems despite of having good knowledge success will not come if you dont a support from a trading platform , because they can affects the result of your trading at any time.

That's true, it is important to choose the right trading platform for yourself, but I think if you have enough knowledge it becomes easier to make the right choice - that's the only way you'll know what you are looking for and what aspects of a platform you have to check if you want to find a good one.

Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.

Michihito posted:
Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.

Money management help you to survive in the market long. I think surviving is the most important part.

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.

Money management is very important. Most traders lose their money because of their wrong money management strategies.

practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.

I believe that only competent money management and adherence to the basic rules of money management will allow you to maintain and increase your deposit in trading. A low risk per trade, of course, will not bring huge profits, but it will help to avoid large losses and in the long run will certainly lead you to success. Profit everyone!

AmDiab posted:
practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.

That’s true. That’s why dedication is important. These who trade as a hobby cannot last long in trading.

@SofieAndreasen Yes dedication for learning is very important. Without dedication proper learning is not possible. With little bit knowledge and skills, it is not possible to make money in the forex market.

In forex trading, you need to be able to stick to your guns. You must have an unwavering commitment to do whatever it takes to reach your goal no matter how many times you get knocked down and that's what we call dedication.

Money management in forex trading is very important. But unfortunately many traders don't bother about. Out of overconfident and greed, they do not follow proper money management.

Money management is very important, as everyone points out. In fact, money management requires discipline in risk management. I personally take a 2% risk. because there are more casualties, I'm shutting down the process no matter what. But after I win a few times, self-confidence comes, and once money management risk management is forgotten and the transaction opens with big money, I give everything I earn. That's why I'm trying to get into the habit of risk management and money management.

Risk is easily accessible in Forex. But that's not the case in stocks. I use a special Excel program.

Learn everything and put it into practice the only way you can achieve results.

Money management needs to be part of a detailed trade plan that covers the investing policy, business strategy, entrance and exit triggers, as well as money management guidelines and which asset groups. While money management is of the utmost significance in commerce, keep in mind that it represents just one aspect of your business strategy.