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Money Management

Smith88
Nov 13 2019 at 09:37
25帖子
Money management is one of the most crucial parts of trading and yes, I have seen many traders who take this part very lightly and then later, loose good amount of their money. A good trader/investor should always be very careful about putting his money into any venue.

AmDiab
Jan 02 2020 at 15:58
718帖子
Smith88 posted:
Money management is one of the most crucial parts of trading and yes, I have seen many traders who take this part very lightly and then later, loose good amount of their money. A good trader/investor should always be very careful about putting his money into any venue.


Nice to see your response; by the way, what’s your average risk reward ratio for live trading?

danpadcas (danpadcas)
Jan 10 2020 at 11:33
10帖子
Money management is the bread and butter of trading. If you don't have it and its all over the place then you are destined to fail in this business.

KhoiDam
Apr 18 2020 at 19:45
17帖子
Not only traders are poor with money management but people overall, they do spend tons of money on unneeded things entirely and absolutely anyway for many many deeds out there. How do you plan to go on further with that? I am not sure. And nobody will teach it cause it's not profitable.

Cegar (Cegar)
Apr 19 2020 at 14:02
19帖子
I agree completely. When we get inot forex, what determones whrther we continue trading or not is the amount of money that we have in our accounts. The moment you lose all of that money then you are counted as a forex failure if you cannnot get more money to continue trading. You therefore need to manage your money as best as you can. I have had some of my own methods of management and they have worked out for me so far so good. Yours also seem very good. I moght give ut a try and see how it goes.Thanks for sharing with us.

Thines1
Apr 19 2020 at 16:10
21帖子
Forex is all about money We are all in it for the money and nothing else. It is also very clear that in forex we can lose that money in just a few days if we do not manage it properly. Some people will say that management is not important and that it is all about knowledge but I say that they are both important. You moght know alot of things but stil make poor decisions with your money because you do not know how or when to apply your knowledge. It is also eveident that different traders have different ways of managing their money. Sometimes only you have the solution to your problem. Develop your own stategies and manage your money in your own unique way.

Anayalmeena
Apr 19 2020 at 16:37
12帖子
Money management is not the issue here. What the traders need is knowledge. Once you know everything that there is to know then there is no way that you will not be able to manage your monage properly. That is exactly what I did to make sure that I do not waste all of my money in trades that willl only go against me. Getting the knowledge is one thing but applyiing it is another. Some eople are just unable to do it. Your advice is still on point. I will loook into it.

Brick_56
Apr 20 2020 at 07:06
36帖子
danpadcas posted:
Money management is the bread and butter of trading. If you don't have it and its all over the place then you are destined to fail in this business.

I totally agree on that. Managing your funds should be the first priority, but many fail on that.

Izan45_ (Izan45_)
May 04 2020 at 11:14
8帖子
Mohammadi posted:
Actually without proper money management even the best strategy would yield poor result. Money management begins with determining the lot size or allocation of capital to a trade. This is followed by assessment of risk to reward ratio and usage of stop loss and take profit facility. Unless and otherwise a trader is adept in all the criteria mentioned above, it would be very difficult to come out successfully in the long term. Very few traders are exceptional in money management and so they perform exceedingly well than others even when similar trading strategy is used.

Thank you for the important and useful information.

brotendo
May 08 2020 at 02:57
12帖子
MM is the most important skill to trade Forex. Or even life. if you don't possess one - you are in trouble. best strategy can fall down if you don't know to get use of your funds. so i would recomend before going all in on your live account - good MM and learn it. then practice. and then you will succeed

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