Money Management Tips
Jul 22, 2021 at 18:54
CatWalker posted:MarcellusLux posted:
- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
Those are great points. Could you be more specific on how you quantify these risks? and use them for actual trades
or just trade news =)
Jul 23, 2021 at 07:42
Money management is very very important, and so it risk management. They need to go hand in hand. You also need to have some proper knowledge of the market. Money management will be based on a plan that you have, and as you said every trader will have his ir her own plan, such as not exceeding 2% of your capital in any trade.
Medlem sedan Mar 17, 2021
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Jul 23, 2021 at 12:33
CakeMoss posted:I think their is no difference.
What is difference between money management and risk management?
Marcel Durham (MarcellusLux)
Medlem sedan May 19, 2020
337 inlägg
Jul 23, 2021 at 18:56
CatWalker posted:The risk analysis is based on technical and fundamental analysis of the current market situation. At the same time, I take into account market volatility, the impact of possible historical levels and the psychology of market participants (investor sentiment). This allows me to get data on the current market position and assess the future prospects for the development of different scenarios. The start position of gain/loss I try to adhere to is 3/1MarcellusLux posted:
- Several stages of market analysis
- Calculation of probable risks
- Calculation of market entry parameters based on analysis and possible risk
- News monitoring
- Probable exit points calculation and selection of the most profitable scenarios
Those are great points. Could you be more specific on how you quantify these risks? and use them for actual trades
@Marcellus8610
Medlem sedan Jul 19, 2020
751 inlägg
Jul 24, 2021 at 11:11
@CakeMoss Money management tells you how much money you should should to open a trade. Risk management tells you how you can manage your risk in trading.
Medlem sedan Jul 20, 2020
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Jul 25, 2021 at 15:31
Its quite similar risk management helps your money management.
Marcel Durham (MarcellusLux)
Medlem sedan May 19, 2020
337 inlägg
Jul 26, 2021 at 11:21
Money management it's more about lot size, instruments chosen, funds allocation, portfolio building, but risk management includes evaluation of possible scenarios, assessment of probably losses related to these risks, using stop orders and RRR calculation.
@Marcellus8610
Medlem sedan Jun 26, 2020
327 inlägg
Jul 29, 2021 at 07:31
consistence profit from Forex trading is a big deal , really i have never done this ,
its only for professional traders. and i have no interest on stocks.
its only for professional traders. and i have no interest on stocks.
Medlem sedan Feb 23, 2021
330 inlägg
Jul 29, 2021 at 09:56
Tradelist45 posted:It is the toughest thing in this market.
consistence profit from Forex trading is a big deal , really i have never done this ,
its only for professional traders. and i have no interest on stocks.
Medlem sedan Jul 29, 2021
33 inlägg
Jul 29, 2021 at 11:14
Davidfx89 posted:agree with you, that's right. There are even situations when it is better to be near the pc and watch closely, instead of setting a stop loss.
sometimes any kind of money management fails to work , so it is more appropriate to develop our trading strategies .
Jul 30, 2021 at 08:49
My advice is to always know when you want to enter the market.
That is, your trades should not be spontaneous and the decision should not be made in a hurry.
Remember that if your plane is already taking off, then there is no point in catching up with it by car (unless of course you are Vin Diesel).
Family comes first.
That is, your trades should not be spontaneous and the decision should not be made in a hurry.
Remember that if your plane is already taking off, then there is no point in catching up with it by car (unless of course you are Vin Diesel).
Family comes first.
Do not be greedy and invest in your business as much as you can.
Medlem sedan Mar 28, 2021
617 inlägg
Aug 01, 2021 at 13:57
@FirstHero Yes traders should have plans and checklists to enter into the market. If the market doesn't match with the checklists, do not enter into the market.
Suradi (FXOday)
Medlem sedan Apr 03, 2021
470 inlägg
Aug 01, 2021 at 23:42
Yes, in every trader will open entry, the trader need a reason why they open entry, not only because fear of missing out, but based on trading rules their trading system, if trading based indicator before make new entry make sure if indicator really confirmed new signal, if not yet get the signal don't trade, this is way to learn how to keep discipline
Medlem sedan Jul 19, 2020
751 inlägg
Aug 02, 2021 at 06:33
@FXOday But the problem is most traders do not have any proper rules. So they do not follow any rules. Most decisions are implusive.
Reece Rispoli (reece22)
Medlem sedan Sep 22, 2018
70 inlägg
Aug 02, 2021 at 12:11
Risk management is the most important part of trading, i always only risk 1% per trade.
Medlem sedan Jul 19, 2020
751 inlägg
Aug 02, 2021 at 12:22
@reece22 Taking 1% risk per trade is very good risk management policy. But if you open 10 trades at a time time that would be 10% risk. So we need to be careful about it.
Aug 02, 2021 at 12:27
It is very important to be aware of how you are trading. Money used in trades depends on your income, as well as how you decide to manage it in terms fo the various trades. The general rule is to stick to a percentage, such as 2% as you said , of the capital you have when trading. So a plan is important in these cases as it helps you keep better track of wht you intend to do.
Medlem sedan Mar 28, 2021
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Aug 02, 2021 at 13:29
@mab8 Yes you are right. Some can afford to lose 100$, but there people who can afford more to lose. It also depends on your trading skills and experience.
Aug 16, 2021 at 10:47
Akasuki posted:The trading system must be configured to build this trading plan. I see that many traders try to adhere to a trading strategy, I mean, they use different methods of technical analysis, but their trades are spontaneous and based on hasty conclusions.
@FirstHero Yes traders should have plans and checklists to enter into the market. If the market doesn't match with the checklists, do not enter into the market.
Do not be greedy and invest in your business as much as you can.
