Manage Money
Member Since Jul 23, 2020
759 posts
Oct 04, 2021 at 16:39
Success depends on strategy money, risk.
Member Since Jul 23, 2020
869 posts
Oct 04, 2021 at 17:39
Money management is essential causes leverage makes us control a huge quantity of money.
Member Since Mar 17, 2021
536 posts
Oct 04, 2021 at 20:25
ForexViking69 posted:I agree with you.
This is the first thing I tell new traders, money management is not only key to trading but to investing in general. Some good advice :)
Oct 13, 2021 at 19:52
PriceAction13 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.
Definitely agree
Member Since Aug 05, 2021
401 posts
Nov 17, 2022 at 18:52
Very true. It's important to minimize risk and manage money effectively in order to achieve success as a trader.
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