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06-22-2013, 08:46 PM #31
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This will be part of our strategy to have know the money management to handle of our capital and not to have huge losses and to have recovery stage. A trader will realize how important money management when dealing with our investments or in our trading accounts. This will be our tool to have control on how much losses we will take and the risks we will have in our trading. Trade with money management is also having risk management.
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06-23-2013, 09:38 AM #32
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Successful and professional trader prefer money management and risk management for us, just because if we trade with both then we can become able to trade with calculated risk, and we can choose what is best for us, if we trade blindly without choosing anything calculated then we can lose only, if we gain then we could not earn huge, so if we follow money management rules and if we follow risk management in our trades then we can trade profitable. MM and RM are pillar of success just because we can't run our trades with high risk if we follow both!
'Forex'trading may look easy from outside.
But after you know the inner side of it, you see it's very
complex..
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06-23-2013, 10:59 AM #33
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To become successful it is not only necessary to predict or analyze the market correctly but also we've to look at some approaches which are good in safeguarding our trading accounts. Money management is very much important for anybody who want to be a successful in forex tradings. It is considered as a best strategy when we trade with very little lot size. To become a winner we need to have some good strategy and risking 2% capital is a good strategy to achieve success in tradings. The perspective of forex trading is to make good profit and at the same time we should try to avoid big losses. Making money is definitely be our main goal in tradings but it is also important for us to sustain in this business with proper strategy and knowledge.
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06-23-2013, 11:11 AM #34
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Yeps you are right Money management is a winning weapon for all traders.Without good money management,it's impossible to get success in trading.Cox if you didn't know how to manage your money you gonna loose all of your money in trading.You have to secure your money in trading by using proper money management system.In Forex trading, your success relies on two factor money management and proper trading plan.Money management is the key to your success in the field of Forex trading.
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06-23-2013, 11:15 AM #35
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Money management take the most important role, in forex trading, than the skill of market trend analysis. Most of the losses by newbies are due to lack of money management only. My way to trading is, i only use less than 5% of my free margin for my all the deals opened at a time. I never open a deal with out stop loss and take profit. If there is any unexpected trend reversal, i never wait for re reverse. I just close the deal with minimum loss.
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06-23-2013, 03:50 PM #36
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If we know how to manage our money and transactions very well then we have a high chance to make good sum of profits in our trades.But if we are not really understanding the trades well then there is a chance that we lose highly in our trades here in the trade market.Therefore I would say that for any traders to have a good money management technique first to be able to trade here in the trade market.And unless the trader shave understood that fact well it is hard for them to gain anything at all during his trades here in the trade market.
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06-23-2013, 10:27 PM #37
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Yes i agree with you all money management plays a very important role for traders because it is a well known fact that most of the traders do know the money management techniques and that will one of the reason for there loss in forex business so it is very important for traders to know how to manage the money . this days people have known the importance of money management so that is the reason many of them are working hard to learn this techniques in internet .
Now a days many of the forex sites are offering some techniques of money management and that will surely help most of the traders to get success in forex market . Since in forex ever second we deal with money so the importance of money management is really very high in forex .
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06-23-2013, 10:55 PM #38
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Yes money management is one of the most important virtue that a trader should use while trading. As we all know that forex is a complicated business. To trade in forex is like going for a war, without having a strategy you will not be able to gain profits from forex. And money management is one of the crucial thing that will help the trader to rescue their money from critical situation and will help them to keep track on their strategy.
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06-23-2013, 11:16 PM #39
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yeah if you use 5-7% of your capital then it can be beneficial for you and you can be able to earn a sufficient profit which can help you to increase your trading business and even i am taking that much risk its safe and i think if we too big risk in forex trading then it will be the biggest mistake because we may suffer a big loss out of it.
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06-24-2013, 08:44 AM #40
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Successful Forex trading consists of 3 aspects, these are good trading strategy, good risk/money management approach and good psychology, while it is true that having good money management skills plays and important part in trading but it is not the only one that will make us profitable...it is our defense against capital wipe out but we need good strategy to get those profits and the psychology to stay discipline.
STAY FOCUS AND DISCIPLINE !
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06-24-2013, 09:01 AM #41
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Management in this field is always required because we all know that money management as well as risk management both are pretty much required in forex trading, most of the traders have to sit idle after loosing their whole capital or after blowing their trading account because they don't done money management and its always required for us to make some backup plans.
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06-24-2013, 10:30 AM #42
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in business most of the risks are involved in trading and most of the losses happens in trading so we must follow a management for ourselves and that is to keep our account safe, we need to prosper ourselves with trading and need to keep capital management working for us...with proper capital and risk management we can easily work out our conditions...
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06-24-2013, 12:06 PM #43
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money management is much important for trading if trade dont have much trading skills and he can effective money money management skills then he can earn good becuase if he will in loss he can hold there position and after that we can close their trade in profit so money management can play good role in trading
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06-25-2013, 12:28 AM #44
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Yes you are right that control is our successful too l if we learn about control in information way..without handling your consideration i think you can not get achievements in currency trading business because control is the fantastic concept through which achievements is possible..
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06-25-2013, 12:35 AM #45
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money management if you follow this then it will be very beneficial for you then you can be able to earn a stable money from your trading , without money managemennt there are many traders who suffers a loss even i learned money management and now i am following it so that i can be able to make a good profit.
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money management if you follow this then it will be very beneficial for you then you can be able to earn a stable money from your trading , without money managemennt there are many traders who suffers a loss even i learned money management and now i am following it so that i can be able to make a good profit.
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money management if you follow this then it will be very beneficial for you then you can be able to earn a stable money from your trading , without money managemennt there are many traders who suffers a loss even i learned money management and now i am following it so that i can be able to make a good profit.