Money Management Tips
Miembro desde Oct 05, 2020
posts 40
Nov 05, 2020 at 06:32
A proper money management will surely benefit the trader. You should know where and how to spend your capital and take care of your funds. Money management and risk management are really important in trading.
forex_trader_1984295
Miembro desde Oct 22, 2020
posts 42
Nov 05, 2020 at 06:52
Money Management basically covers everything about trading, Good Money Management means you are profitable trader. For 20 years, good money management is while I get increasing funds with my firm to trade, Just learn the basics of taken loss when you are wrong, and you will be good at making good profits,and don't give out profits you already made back to the market, meaning if you made $5 and you take a risk of $1from it, if you lose that $1, and take a risk with another and lose again, making $3 left, just retire for the day with you profits of $3, and plan ahead patiently for the next day trades.
That is my own secret of developing a good money management, now i do it like a machine as with my years of experienced I have improved greatly and keepi mproving daily.
This year, I went like 23 week in a stretch without losing a single trade in a day in my firm account, this is because I keep and want to make sure I turn perfect in it, but no one can ever be perfect like not having a losing trade, but containing it to be very small compare to your huge profits is always the point here.
But do not forget, without patient, you can't achieve this, all profitable traders are patient traders and that is a fact.
If you are lucky to be with me each day of trading, you will get bored wanting to see how I trade, but while you are getting bored, I'm patiently waiting to take the right BUY/SELL positions, and that is best way for me to keep up with profits, all experienced traders knows this. Hope this helps.
That is my own secret of developing a good money management, now i do it like a machine as with my years of experienced I have improved greatly and keepi mproving daily.
This year, I went like 23 week in a stretch without losing a single trade in a day in my firm account, this is because I keep and want to make sure I turn perfect in it, but no one can ever be perfect like not having a losing trade, but containing it to be very small compare to your huge profits is always the point here.
But do not forget, without patient, you can't achieve this, all profitable traders are patient traders and that is a fact.
If you are lucky to be with me each day of trading, you will get bored wanting to see how I trade, but while you are getting bored, I'm patiently waiting to take the right BUY/SELL positions, and that is best way for me to keep up with profits, all experienced traders knows this. Hope this helps.
forex_trader_1984295
Miembro desde Oct 22, 2020
posts 42
Nov 05, 2020 at 13:05
AniLorak posted:Yes, Money Management is equal to Risk Management.
money and risk management its all about same , i
feel most of the time , because we use it to avoid unfortunate risk and losses.
Miembro desde Aug 17, 2020
posts 123
Nov 19, 2020 at 06:59
Roberto21 posted:
sometimes you can feel only knowledge can help you when trading , on the other hand it seems despite of having good knowledge success will not come if you dont a support from a trading platform , because they can affects the result of your trading at any time.
That's true, it is important to choose the right trading platform for yourself, but I think if you have enough knowledge it becomes easier to make the right choice - that's the only way you'll know what you are looking for and what aspects of a platform you have to check if you want to find a good one.
Miembro desde Jul 23, 2020
posts 759
Dec 02, 2020 at 17:53
Michihito posted:Money management help you to survive in the market long. I think surviving is the most important part.
Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.
Miembro desde Aug 27, 2017
posts 994
Dec 03, 2020 at 06:03
Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!
keeping patience.......
Dec 04, 2020 at 06:48
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
Miembro desde Jul 20, 2020
posts 232
Dec 04, 2020 at 19:22
Money management is very important. Most traders lose their money because of their wrong money management strategies.
Miembro desde Feb 11, 2020
posts 4
Dec 08, 2020 at 10:07
I believe that only competent money management and adherence to the basic rules of money management will allow you to maintain and increase your deposit in trading. A low risk per trade, of course, will not bring huge profits, but it will help to avoid large losses and in the long run will certainly lead you to success. Profit everyone!
Miembro desde Jul 23, 2020
posts 759
Dec 29, 2020 at 17:33
AmDiab posted:That’s true. That’s why dedication is important. These who trade as a hobby cannot last long in trading.
practice is important , i know but after passing sometime we the traders lost interest ,
so we have to make practice step by step.
Jun 03, 2021 at 06:47
@SofieAndreasen Yes dedication for learning is very important. Without dedication proper learning is not possible. With little bit knowledge and skills, it is not possible to make money in the forex market.
Miembro desde May 27, 2021
posts 64
Jun 03, 2021 at 07:12
In forex trading, you need to be able to stick to your guns. You must have an unwavering commitment to do whatever it takes to reach your goal no matter how many times you get knocked down and that's what we call dedication.
Miembro desde May 30, 2021
posts 3
Jun 05, 2021 at 12:39
Money management is very important, as everyone points out. In fact, money management requires discipline in risk management. I personally take a 2% risk. because there are more casualties, I'm shutting down the process no matter what. But after I win a few times, self-confidence comes, and once money management risk management is forgotten and the transaction opens with big money, I give everything I earn. That's why I'm trying to get into the habit of risk management and money management.
Risk is easily accessible in Forex. But that's not the case in stocks. I use a special Excel program.
Risk is easily accessible in Forex. But that's not the case in stocks. I use a special Excel program.
Jun 29, 2021 at 00:00
Money management needs to be part of a detailed trade plan that covers the investing policy, business strategy, entrance and exit triggers, as well as money management guidelines and which asset groups. While money management is of the utmost significance in commerce, keep in mind that it represents just one aspect of your business strategy.
