What is the function of Money Management in Forex?

[terajana]

function of money management is to be able to regulate the use of capital that we have to establish a safe risk to the capital we invest, and set a reasonable target in accordance with the capital we have ..

[rakeshnikam]

No overtrading,No getting carried away with the emotions,using stop losses and No greed at all is the way of money management,coming up with a lot size size that will suite your trade is the very best option of money management

[jimloveski]

Trading, winning, loosing in forex- it is all about good or bad money managment. Trust me!- you don't need great strategy, you don't need to be the best in forex.
All you need is big account balance and Money Managment.

For example: Your account balance is 1000 $
In this situation You should have only 1 position opened with size: 1 lot
There is almost no way you could lose in this situation. You don't even need Stop Loss. You just wait for profit

[ernestina]

The function of money management is to reduce the amount of risk that is taken per trade. Money management is simply meant to ensure that if you make a loss, the loss does not eat up a great percentage of your trading account balance, such that it will be hard to recover from.

[karina]

You impoverishment your trading informing to Parthia and survives the unsafe nature of this marketplace? If yes then you make to understand that the exclusive way to do that is dispense just direction in your capital by using low lot size,using cease loss and never do over tradings.

[isbhacker]

Money management is like a blood and your heart is your capital.Both are necessary for each other and both work together to make a perfect system of human body .I think this explains the importance.

[sammy]

actually money management is the measurement of risks. suppose u gave a trade after full analysing. now u r very unlucky and the market acted irrationally and made u loss. now money management help u make a plan so that u dont face losses or blow your account..

[mojan]

The ability to manage your m�ney is the best thing a trader can do when trading but its we as traders often do mistakes or even forget that we do not want to loose when we trade alot.

[subashbks]

first of all we must understand that for success of any business proper money management should be there.. without proper money management and without good capital you are not gonna succeed in forex..

[manikah]

Money management is the pillar of Forex trading.It will protect your account in live condition.With low amount when you open some high trade and fall in loss.If it go fall and fall your equity not support your account and you lost your all open position.By this system all you lost.But when you have good money management skill every time you will be safe .Market where go it not a problem for you.So must follow well furnished money management system