To get to make a good money management, it must be positive, have an active mind, and we'll get a positive profit. If you think a lot at risk, you will not achieve your goal. as I told you, you must always be positive always take positive decisions.
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To get to make a good money management, it must be positive, have an active mind, and we'll get a positive profit. If you think a lot at risk, you will not achieve your goal. as I told you, you must always be positive always take positive decisions.
it is all about money management than expectation the right expectation can make you avoid the loss and gain the profit and the money management manage your risk to start over if your expectations was wrong.
i think that you are talking about the management of the big capital that can give enough profit for trader generally those money management can not double the capital less than 4 years and this is not helpful for small trader.
risk management, we must always consider in any of our trade. however accurate our analysis, should not put all of our capital. only a few percent of the capital that we use for trading, but rather to maximize the results.
if we want big profit so we need to take more risk by increasing our lots right?
but we also can use strategy like small lots but take big pips,,the difference is small lots will need to take more time compared to big lots..but the risk is more less than big lots.
risk management , i mean money management. money management is first because , if you loss your money then you can not get it. if you cring day to day but answer is 0000 . so when you are plan to invest money in forex market , you must follow money management.
in forex trading only one thing is having more importance that is risk management.
if we have a good risk and money management then we can go for long time in forex market.
most of the trader use 1:1 or 1:2 risk management.
using a good money management, a good leverage and a great position size. you can let it run in minus, but stopp loss must be place also, but it can be far away, so if one of this trades are going to stopp loss, i will not lose so much money, that it will hurts me. just let them floatingm, cost me 0,6-0,8% of my weekly gaining. ;-) thats nothing!!! running costs ;-)Quote:
Originally Posted by iwan
Accurate analysis is the first thing that we need and secondly we would now need to apply a good risk and money management in order for us to make out profiting trades in this business of forex.Quote:
Originally Posted by iwan
risk management is very useful for traders who do the transaction because the use of risk management is expected to be able to minimize losses and to generate profits consistently.