money management is needed when using leverage but only money management cant reduce the percentage of risks. you have to ensure proper analysis of trading , otherwise no way to avoid risk when trading practically.
I want to know more about money management with different analysis of trading. I used a risk -Management with my EA-robots, on the drawn down on how much I'm risk to lose in the market.
Please correct if I'm wrong I think you talk about the different strategies, set on the pars you trading with different currency dollar. With the percentage of risks you are managed to lose if it's a big drawn -down while in the trade.
Money management is very important. In example i`m using 1-2% for each trade and using 1:500 leverage.
momchil_slavov@
Two very important concepts of Forex money management are leverage and margin.
May 26 2019 at 06:50
Alexsajed posted:
Two very important concepts of Forex money management are leverage and margin.
Exactly very important indeed. But most trader ignore then. One reason most lose
if you dont use money and risk management correctly you will loose in forex it is that simple
walpants posted:
if you dont use money and risk management correctly you will loose in forex it is that simple
Exactly.
momchil_slavov@
We all know that money management is essential and though leverage is a trading tool to borrow funds, we should not work with higher leverage due to insecurity issues associated with leverage. But emotions can be a barrier. In the hope that over trading or big invested capital will provide higher income a trader can make decisions of working with gigantic leverage and in turn he deals with higher hazards of losing capital.
walpants posted:
if you dont use money and risk management correctly you will loose in forex it is that simple
agreed! i'd say, been there and done that.
when i was a beginner i was hanging lose, my money was drenching and i had no idea what to do, but over the period of time i learned money management and how i can manage my risk with the leverage i had availed. today i am finally trading successfully because of that.
