I understand as a newbie that money management is a process in which a trader adjust his money in a trade in this way that he does not loose his money and he gets profit according to his desires in a trade
Printable View
I understand as a newbie that money management is a process in which a trader adjust his money in a trade in this way that he does not loose his money and he gets profit according to his desires in a trade
management is to buy such a way that even if the market goes to hardest position that's posible u don't decrease your concern and end up with nothing. they say only to get 5-10% of your working financial commitment for a particular company. before doing that u should figure out the wide range of the market within which the currency trading of your choice differs. then u should assess and see the no of a lot u can begin according to your working financial commitment so that even if the market goes to the tiniest aspect your concern dosent near immediately. this is what i understand as management.
money management set the lot size and to limit losses. take profit is working to limit the profit and exit the market otomatois. I always use a take profit and stop loss, I want to avoid greed and revenge. so my account more secure
with money management, we will determine the lotsize which we can use in our transaction and how much pips is needed as SL or TP, or if we use martingale or averaging, we will know how much floating that we can take
control is everything in currency trading without control currency trading will be like cash eating machine because most of losers are because neglecting control and because of greed .
i make my own money management. this money management is my main rules in determine lotsize and how much pips which i can get or loss in every trade or in several trades
money management could prevent over trade. traders should limit losses per day with MM. I trade every day, because I am trading system signaled an entry every day, so I was busy analyzing every day. if you do not use a take profit, you should always waiting in front of the computer. I learned from the experience, and try to control your emotions.
we will think twice about. that. The market moves to worst position and have the firm control on the money management that we have make of ourselves. that is posible you don't loose your account and end up with nothing .we make good money management
money management is really important in forex trading because we can make our
trading always profitable and we can make our trading always safe and far from margin call.
I think simple about the function of money management in forex trading. It is for deciding the risk for a trader he will get if the running price of a pair traded will not in accordance with his prediction before. In other word it is for minimizing the risk for traders.