What is the function of Money Management in Forex?

[noder]

money management functions very much, without proper money management, then we will have difficulty when it will start trading, we can not manage risk and we also can not be a successful trader if we can not face the risks that exist in plain sight, so use money management right to manage the risks that we have so that we become quiet when going to trade

[zonyakhan]

my dear sir your right they are saying solely to take a position 5-10% of your commerce capital for a specific trade. before doing that u ought to calculate the vary of the market among that the currency of your alternative fluctuates. then u ought to assess and see the no of tons u will open per your commerce capital so even though the market moves to the bottom purpose your account doesn't shut mechanically. this is often what i perceive as cash management.

[zohaib1]

Dear hope you are good money management refers to how you handle all aspects of your finances from making a budget for where each paycheck goes to setting long term goals to picking investments that will help you to reach those goals Any amount of money can prove to be too little if you don't have good money management skills.

[volatip]

without any system it's very much tough to stay in Forex market ..strategy with proper money management always mandatory in my view ..money management is the whole way and plan that how we trade and how we use our money and how much risk will be taken and what will we have to do after a big profit or loss.everything will be planed with the help of money management and may i tell you that money management is the heart beat of forex trading business, because inability to master the act of money management will not make a trader to succeed in this business. tell me having a powerful trading system with huge capital invested in forex trading will only attract margin call without application of good money management in your trading.

[balla]

money management is the best way to protect our your loss. you can lose much money if you trade without money management. you know forex trading is not easy business. and I suggest you to take high risk here. keep apply money management to control your loss. money management can make you relax while trading money management is very important thing in forex business. money management is the best way to control the risk in forex business. forex is not easy and most risky business in this world. you need apply good money management to miminize the risk in your account

[hogaman]

well of course I think the function of money management in forex is control our money or margin, then we will not trade with big lotsize, and we can survive for long time. money management makes us dont get margin call in short time, despite we often get loss and loss again money management me trader ko bahut dhyaan se market me karna hoga kyunki essko agar trader thik se jaankar karleta hai to wo yahan achhe se order laga sakta hai,trader ko yahan market me patience bhi rakhna hoga..

[guam]

Money management is one of the key of Forex Tools. A good money management can return even-though a bad entry.Forex experts are recommended that investment should be 1~3% of the total capital in a daily trade. A trade without money management can be vanish the whole account. and I agree if the money management is fully needed when trading. But believe me there is no perfect money management in this world. So that is not the main factor in forex. With good money management you still can lose if you doesn't carefully rule your action. So the main key to survive is trying to be careful everytime you trading. That is the only way to safe your life.

[camano]

Yes to keep a more consistent trader in the trading, avoid greed in order to maximize profit there.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 . well in forex I do believe that if you are a beginner, you will not be able to understand the functions of management accounts and do not know how to use it and that is what you need to work harder account manager is a good way that you can protect your account from forex market high risk

[utama]

Money management is investing so that even if the market moves in a worse position than is possible or not lose their mind and end up with nothing. say only to invest 5-10% of your trading capital for a particular operation. before doing that u should calculate the extent of the market in the currency of your choice fluctuates. then u must evaluate and see no batch or you can open by commercial capital so that even if the market moves to the lower part of your account dosent close automatically. this is what I understand as money management.

[yang aus]

Dear money management is the way by which you control your own money according to the market move, manage the money in such a way that if it move against your trade even then you may save yourself from loss. Dear friends, money management is the most impotent in the forex. Imagine, you have 1000$ then you should take your first trade .30$. If it lose, you should take .10$ and next time you can take another .10$. But you should remember that you don't cross .50$ totally.