Money management is an integral

Problem is most traders do not want to manage their risk. They suffer from overconfidence. As a result they lose money again and again and very few learn the lesson.

UweMoench posted:
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.

100% i spent years just following blindly and not understanding the risks. i would make some profit and then blow the account was never managing anything. now i have been learning all the indicators have gone and the signal providers just using market moves price action an correct risk management now slowly building profit long term

Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.

UweMoench posted:
Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.

100% true

Money Management is a very much an important factor of forex trading. If you have a good money management then it will be easy to make a good way in forex trading.

dare to manage your capital if you want to minimize your risks and not lose your funds.

Money management can be hard and boring but without putting in the effort you will surely lose

Money management must become an integral part for trading to be successful.

Keeping a trading planner with money management factors included is very important for every trader. This ensures that the trader is not dropping the money anywhere between the actual investments.

For money management I maintain trading journal, this helps me to track that which strategies and trade amounts have gave me the good bunch and with that it also helps me to improve my further trades by looking at past areas of improvement.

@thespreader That is a good approach to manage risk. Learning from the past mistakes is the best learning. Those who do not take lesson from past mistakes can not do well.