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07-05-2013, 12:40 AM #151
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yes, money management is very much important for not only in Forex trading business but also in other businesses because without the help of money management we cannot be able to handle all the capital responsibilities and the risk which will intrerrupt our trading skill but if we have high skills then it is okay for us but if we do not use the money management strategy then it is not at all good for us because then we cannot face the risks and the difficulties .
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07-05-2013, 12:40 AM #152
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i think i use different money managment. take higher risk. i am trying to do is 10 times profit. so i don't use normal money managment as i have seen,Always use stop loss to prevent huge lose. Money management is the key to earn money in forex market and to get success.
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07-05-2013, 07:44 PM #153
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Yes the post it right and 100 percent true its is the most winning weapon people tend to earn more and more on this. newbie should try this thing and should learn about it more and more it allows to earn more than we take risk so the capital can be double in very short time period.But this can be very effective if we have a keen interest in the usage of stop loss take profit and indicator which will help us in the past practices that will cause us to earn a large amount of money.
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07-05-2013, 08:03 PM #154
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Yes, I'm totally agree with your opinion. As a new Trader, I also think that Money Management is the only one weapon to trade properly and lightly. We can be succeed when we can manage our money investing and money handling system. That's all...!
ONLY TRUST YOUR SELF!
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07-05-2013, 08:14 PM #155
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Proper money management refers to planning of the investments to be made here in the trade market depending on the situations of the trade market itself.Like some traders might have a strategy and money management plan that they will either not trade or they will open trades of lesser lot sizes.And therefore the money management can prove vital for the traders because during the unexpected market movements with the regular strategy we might have to lose highly in our trades.
Therefore a trader has to have a good money management planning and unless that done the trade market with its highly volatile movements is sufficient enough to dissolve our cash.And it is sure that no trader wishes to lose his money in the trades.
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07-05-2013, 08:41 PM #156
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Yes, money management is a really vital aspect when it comes to winning your trades in Forex market. Money management is important for every trader irrespective of his volume of trades. Without money management one cannot even thing of multiplying his/her money.
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07-05-2013, 09:19 PM #157
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I can suggest that each and every trader should be good in money management skills because that is one of of the winning weapon that traders have with them . We all know that all the time in forex we will be dealing with money and here even we trade with currencies all the time so for such reasons it is really a advantage if traders are good in money management techniques .
As i know not many traders are good in money management skills and that is making tjem not earn good profits with forex . If traders are well skilled with money management then i am sure that they will be able to manage there capitals and get good profits even with a very low investment .
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07-05-2013, 09:54 PM #158
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yes money management is simple and good trading strategy but if trader dont have control on his self than he is not abel to get good trading profit from market ,many trader lost there money due to greed and the greedy level will be high when he start to take risk for getting more profit so we can use money management skills for getting earning
A Working Ant is Better Than A Sleeping Elephant, A Small Progress Everyday Leads Us To Big Results
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07-05-2013, 10:11 PM #159
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I think money management is really need for Forex trade. because without a good management, then we will not be able to deal with the possibility of working well, although we have excellent abilities. but if we do not have a excellent management cash, then we will be very challenging to prevent all the threats that will happen in currency dealing, therefore, to able to get achievements in currency trading.
Have a nice day......
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07-05-2013, 10:30 PM #160
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Yes it is 100% true that money management is your key and your winning weapon ,you cannot win without working on money management ,if you really want to earn some money from this market and want to become good trader then hold money management tightly never take easy this strategy ,if you will keep money management then you will never loose in this market that is the main key to this business .
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07-05-2013, 11:19 PM #161
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i think if we trade according to this type of money management then we will get another change for trading forex without further invest after facing loss. so we should follow money management if we want success.so Always use stop loss to prevent huge lose. Money management is the key to earn money in forex market and to get success.
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07-05-2013, 11:26 PM #162
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i think money management differ from trader to another according to his strategy and his way to trade .for me im prefer to use small lot volume to decrease the risks and to decrease the loss if the market reverse on me despite of the earning will be very small but im believe that accumulation of small profit will give big one
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07-05-2013, 11:56 PM #163
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The function of money management of course to secure equity and profit that we get. If we trade without money management same as running without purpose,did not have longterm goals in trading.With money management, we would be wise, because our financial flows being detailed and properly conceptualized.
Logically, the risk should be smaller than the reward. But I guess every trader has their own way in the money management plan.
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07-06-2013, 12:01 AM #164
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well, yes i know that money management is very important in forex trading business and as we all are the forex trader it is our responsibility to manage our money and capital because if we have the capital then only we are able to do the trade and to make an account. but, not only in our business but also in all businesses money management is very much important because if we are able to make money management then we can able to handle our trade very properly.
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07-06-2013, 12:31 PM #165
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Of course there is certainly utmost need for you to do USE involving the tool at the forex trading, because money management can save my account. while when I taken the wrong trade, as well as our accounts a can be at the red zone.