i think that the money management is the key of success in forex you decide to trade with low risk trading there are other type of trading as scalping don't manage their money so their trading is risky
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i think that the money management is the key of success in forex you decide to trade with low risk trading there are other type of trading as scalping don't manage their money so their trading is risky
Returning to work after going through a professional alcohol and drug rehab program is usually a necessity for most, but employment and money management can be problematic for alcoholics and addicts.
If you reached the point in your drinking or drug use that you required professional treatment, there is a good chance your substance abuse progressed to the level that it affected your employment record. Recovering alcoholics and addicts frequently have problems meeting work-related responsibilities, maintaining employment and managing money.
Yes many of us traders fails today why because we don't know the usage of money management in this market. This is so important that we should learn much more about money management for it is very nice we get understand of it.
good money management help you to escape from loss and if there is loss it is very low and it can take a trader from gambling with his or her money, hoping for a gain, but probably encountering many losses.
I think SL and TP included in kategory trading plan is not common in MM,
when we see the signal, we calculate if there open op now what will happen, whether SL will face bigger than MM rule us? great if we allow the signal ... MM is a new rule that will process while our Trading Plan .
money management to determine SL and TP also have to adjust what we traded pairs, each pair having the characteristics of individual price movements - respectively. to recognize the character of the pair that we can anticipate how we traded up and down the range of price movement so that the SL and TP that we use can be accurate.
I also think money management will help us to minimize the risk of loss in trading. as more transactions could be controlled. good strategy without management support will also be a poor result. because it can not be controlled in money management.
Because I tried to earn the maximum profit possible in little amount of time.. for this I used bigger portion of my account in per trade.. as a result with just one or two bad trades I always blew my account.