Money Management for New Traders.

[rasidmia]

This is a nice and easy way to talk about money management. But I can say that you have a good strategy would be necessary. You do not have a good strategy and MM, you will be able to use it for work. There are two parts to psychology - actually 3 - Strategy and money management.

[runu]

thanks for your elaborate statement. Money management is one of the prim payoff in Forex Trading. Deficiency of noises most money management caused Solon attempt. Your comments are so util for a new bargainer.

[mahamudul]

i am also new traders in forex market and thanks for your thread to inform us to know something about forex trading which is suitable for the beginners in this market. i am trying to continue to follow and make good money management for my trading in forex market.

[bdgh]

welcome to forex. This is a nice and simple way of talking about money management. However I would say that you also need a good strategy. You cannot just use any strategy with good MM and make it work. You need both parts - strategy and money management - three actually - you also need the psychology to hold the trades.good job.......................thanks.................. ...................................

[finagold]

Just 4 things:

1. Maintain a fixed percentage of Account Balance for Calculating your lot size. More easier you can open any size of orders if you have for example 1000 pip backup, just like 10 cent per pip for 100$ balance and it is widely used.

2. Risk a fixed percentage of your total balance on each trade. Mostly used is 3%, like 3$ for 100$ account balance. So if you want to setup your trade now for 100$ account balance use 30 pip Stop Loss or Tolerate 30 pip loss per trade.

3. Third is how many Consecutive loss trade you might tolerate on a single trading day. Mostly used 2. It means if you loss 2 consecutive trade just stop your trading for that day.

4. Don�t change your money management system after one or two day of suffering loss.Blindly follow a fixed money management rule for your everyday trading. It will ensure your fund safety and getting consistent profit

Revision: For every 100$ account balance open 0.01 Lot(micro lot), use 30 pip stop loss or close your trade in 30 pip loss and if you loss 2 trade consecutively then don�t open any new trade on that day to recover your 60 pip. Most importantly don�t change your money management rule for that 6$ loss.

�If you use proper Money Management then any Basic, Simple or Advanced strategy will make money��

Thank you.

money management is very important in running trading. especially for new traders, money management safe our trading account will make it last longer. examples of money management that you convey very good and realistic, and should it be done by a new traders like me .Thanks

[oreoluwa]

money management is the best way to always be safe in the forex market and most expert make use of the money management because nobody will like to receive a margin call and the best way to prevent margin call is to use money management

[jhane]

There are some calculations in forex trading with manageman an account then with the calculation we can determine the lot based on risk and return as an example we have a balance of $ 100 and we would like to put 10% with risk and place a stop loss in 20 points then the calculations were 100: 10%: 20 = ... then lot 1: 20 = 0.05

[yoddutfx]

I think in terms of manejemn and planing it becomes a must have in the system and rule us, so we should be able to make it to the maximum management, together with the maximum profit

[mediafxx]

yes you are very correct being a newbies in the forex trading we need to learn how to make use of the money management even expects make use of the money management in other to protect your account

in the trading plan in accordance with capital management analysis is calculated risk should be calculated the right strategy and reduce the risk of discipline very best learning trading in the market trading analysis can be used discipline and safety will capital management

[abiodun]

yes you are very correct being a newbies in the forex trading we need to learn how to make use of the money management even expects make use of the money management in other to protect your account