Money management is the strategy to get profit. Money management is very important in forex trading. with money management we can set about risk and can prevent margin call. We can set the target in one day or in one month.
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Money management is the strategy to get profit. Money management is very important in forex trading. with money management we can set about risk and can prevent margin call. We can set the target in one day or in one month.
Money Management serves as the control of our emotions in forex trading. Necessary calculations and precise calculation of capital and profit so that we get safe. Because a trader usually tend not satisfied with the profitability of existing and continually seek to gain profit, but that the trader did not give up any loss suffered on any trading, they will always take revenge for the recovery of the loss of money. This is where the importance of money management.
With good money managment we can control win to loss ratio like if we fail to mange our money than we may lose all just with in few trades and if we make it in a way that make us tiny profit and we will keep our money longer with us that increase the chances of success.
When you trade without money management rules, you are in fact gambling.
You are not looking at the long term return on your investment. Instead you are only looking for that "jackpot".
Money management rules will not only protect you but they can make you very profitable in the long run.
i am littile confused about function of money management its compelty out of my mind i want to know is it help me to save my invest from losses and make money
forex trading main agar ki ko sabse bada function or role hai to wo hai only money management.
hamara money management jitna acha means kam risk waala hoga utna hi fayda hoga.
money management strong hone par ham market main jyda time tak rah sakte hai.
money management ek tarika hai jisme ham apne capital ka use kate hue profit banate hai.
agar hamara money management main risk level kam se kam hai to ham forex market main jyda se jyda time tak rah sakte hai. moeny management main stop loss bahut jaruri hai.
in my opinion, money management will have a very important function in our trade, for money management will make our open positions with less risk, so that will make our margins will remain safe.
Money management is very important for the foreign exchange trader because that is the only proven way of overcoming the risks commonly associated with Forex trading and thereby improve the chances of making profits.
money management is very importent in forex. if a new trader place his order without money management of his capital his account may zero. my money management is 1% of my balance