Money Management

Since we add up our funds in order to trade in the forex market, we must learn how to manage them so that we can increase our income and not lose.

Proper money management helps to survive in trading. Success is not achieved if money management is not implemented properly.

Of course, it is best if each trader decides for himself how to manage capital, based on his own priorities and taking into account his risk appetite.

There should be a balance between risk and money management. This is crucial for every forex trader.

I agree with you completely. Without a proper money management, a trader can be lost and might end up losing money regularly.

All our work in this area is related to money, and therefore the ability to manage capital is of significant importance.

What are your money management strategy? I want to know about that.

An effective money management plan can turn out to be a life saving tactic for most traders. Better to pay close attention from the beginning and take decisions accordingly.

robindude posted:
What are your money management strategy? I want to know about that.

I often take 2% risk of my capital per trade and my risk reward ratio is 1:2.

I once let go of such a mistake and started trading, you do not know how to manage capital, as a result, I left in a loss and only when I learned everything I started to earn

As for me , I take mostly about 5% of my money in daily stratagy, and 30% in a long term strategy.

1% risk of my capital. My trades are looking to gain 3/4/5R so it can still be worth my while. Good risk to reward is key.

Money management is, in my opinion is very important, at this time I constantly loss on my demo account:/

It is possible to survive in trading if you can develop money management skills. But that requires a proper mentality.

Managing the risk is the most demandable ability in Forex market where risk is everywhere. My trading career, many times I fallen a great loss due to lack of exact risk management . now I am studying about this

Money management is not just a demanded function in the forex field, it is a must for those who want to get results.

Money management is the most important thing in Forex and if people don't pay much attention to it, they might not survive the market for long.

Money management is a very necessary thing, because lots of traders have already broke the rules of using money management and they faced losses. I believe that nowadays, tradersh ave to listen to the words and phrases which are expressed by the professional traders or those ones who hve passed all of the stages on their way to become successful traders. Money management prevails over other practices mainly because it lets you to understand how much money you can use for opening a deal and how much money you can lose in case of unforeseen circumstances. In my opinion, traders shouldn't neglect these rules.

Money, risk and emotional management are the three pillars of forex trading.