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Thread: Money Management

  1. #16
    Market Maker cool user
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    Money management is one factor for success trader,will be different result if few trader use same strategy but they have different money anagement, i think trader that have good money management will able maintain account longer life

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    Yeah you are right and money as well as risk management both play an important role in our trading.

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    money management is the most important thing of any business specially when the businesses are very risky, so you have to be a good manager also.

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    Money management in Forex trading is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy and discipline. Although money management is so important and critical, it is still very easy to follow.

  5. #20
    Market Maker KingOfLeon's Avatar
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    Quote Originally Posted by radex78 View Post
    Money management is one factor for success trader,will be different result if few trader use same strategy but they have different money anagement, i think trader that have good money management will able maintain account longer life
    one rule should the pros trader always keep is, if there are in doubt of a move then just stay out and let the market decide for itself and then put the money to the ride.

  6. #21
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    The reason why most traders short live in forex is because they lack the proper money management. I believe that the best magic pill is mm

  7. #22
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    Money management is one of the pillars of forex. Respect money management and you can then be regarded as trader. But if you don't then you're just a gambler.

  8. #23
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    it is true if traders use money management allows the trader will be able to survive with an account of its even possible to generate profits consistently since disciplined money management uses automatic transactions will take into account the costs and benefits to be received in accordance with the risk of loss that could be accepted trader.

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    For the traders who do not use money management , they often get loss earlier than other traders . So if you do not want to be like them , you should use money management .

  10. #25
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    Quote Originally Posted by adnan10076 View Post
    Money management in Forex trading is one of the most important problems of new and even advanced forex traders. Almost everybody can find a good trading system that can be profitable but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy and discipline. Although money management is so important and critical, it is still very easy to follow.
    Sometimes it is easier said than done. This can be extremely challenging for a newbie trader for example and even if one can find a trading strategy that they feel confident to work for them expert advice as per example from the thread starter can sway them to change their plan. That money management and discipline immediately go out of the window in this case and they can be swayed into a loss.

  11. #26
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    I m on the opinion that brokers restrict traders to a certain number of trades, say one trade, depending of choice of traders.this is a good disciplinary measure as it is actually difficult for one to execute all those management skills learnt because of the mindset.

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    Quote Originally Posted by LeeMinHo View Post
    For the traders who do not use money management , they often get loss earlier than other traders . So if you do not want to be like them , you should use money management .
    it is to use money management allows the trader will be able to survive in order to keep his account did not get a margin call, but actually being able to use the discipline it takes time to train it.

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    Money management is very important if we intend to survive in forex. With proper money management in place we are able to minimize our loss and increase our profit.

  14. #29
    Market Maker enjoylife's Avatar
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    Money management is the major tool of forex trading and also it is most important for any trader to trade with proper money management as it helps to reduce their risks and losses and at the same time leads to higher profits .A trader must effectively use the tools of money management .

  15. #30
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    knowing of money management is good but putting it into the practice is vital. slowly adjust it to suit our trading and slowly to notice we can stay longer in the forex.

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