Money management is an integral part of forex trading. If anyone is not having any money management policy, he/she is never gonna be a good trader ever. You need to follow some good and realistic money management system.
Mar 17 2021 at 17:11
Leverage makes us to control more money than we have. So, money management is important for effective trading.
Mar 18 2021 at 12:50
If you are a new trader, it is better not to trade on big news release date. Suppose you open a trade and before news your position is in loss. You system says it will hit tp but due to news you can't hold the position because a spike in price can hit your SL. And if you are sure enough that you will be able to get out of the trade with profit before news, that's different.
Apr 03 2021 at 04:32
Yes and I think both money management and risk management should be considered to be an integral part while trading forex.
@DanialWales Yes I agree with you. Newbie should not trade on big news event. Most newbies blow their account during big news events.
I think so too. I have lost a lot of investment by trading without money management. I believe that if I maintain discipline and follow money management with a positive mindset, I can become a successful trader in the future.
Apr 04 2021 at 06:28
Money management is essential for survival in the market. It is hard to control flow of money in trading without it.
Money management is the most important part of forex trading. Those who do not follow any money management policy, they never get long term success.
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.
what you think guys there is any difference between money and risk management ? its al about same or any difference there is ?
Apr 08 2021 at 10:26
Yes, every trader should focus on their money management to be successful in forex.
Apr 10 2021 at 02:05
I never forget to follow the Money Management Rules. Because I know money management and risk management is an important part of trading.
Starcliff posted:
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.
Excellent. Money management is needed to control loss. This is something I must keep in mind no matter what strategy I use.
Apr 14 2021 at 07:22
It is important for a trader to know when and where they should risk their money. All market situations are not worth jumping into, trying to make profits from them.
Apr 14 2021 at 11:40
Money management is important for those with a large and a small account. But if you are new trader then just use min Lot size to start with and then focus on MM when you get the hand of the other aspects of trading
Apr 14 2021 at 22:06
I never trade without money management. If I want to trade, I have to manage money first and then think of profit.
While the beginner is gaining experience and practice, he needs to act as simple as possible and with minimal opportunities.
Yes knowledge of risk management, price action, money management, chart patterns are important to become successful in trading.
Try to start managing your capital at the stage of practicing a demo account, then you will be able to understand how complete your knowledge is.
Apr 20 2021 at 07:27
Starcliff posted:
The inability to manage capital, of course, is quite important, on the one hand, we can make a profit, but it will not be for long, because as a result we will start to lose and we will be very disappointed.
I wanna ask you, what % of your total trading account balance to you put on the line at max?
