What is the function of Money Management in Forex?

[combifx]

:-) The core concept of consistent performance and longevity in Forex is that we produce good money management and have strong control over the management of the money we make from ourselves. Money management helps protect Forex traders' accounts in their Forex trading. This allows a trader to risk only a certain amount of money in each trade they open. For example it can help us risk only 3 dollars if we have 100 dollars in capital. and Money Management in forex is the most important, a trader never ignores the rules of money management, after following the basics of money management being a trader to manage money in his real trading account. I also adopted the basics of money management, as well as market recommendations, I always invest only 10% of my equity available and put a stop loss and take profits.

[Bmw123]

We must not take more than 2% risk in trading our trade balance. If we take more risks then we can fall into heavy losses. and the main function of money management is to keep us from danger too big, then maximize the benefits we can get...

[mehdihassan]

Money management is very important in the forex trading,
agr ap money management ni krain gy tu ap ka lose ho ga,
esi liy apni invesment k mutabiq money management krain
ta k lose na ho...............

[Aonkhan532]

Money management*refers to a set of tools, techniques and practices, used by market participants, that aim to increase profitability and reduce the overall risk of losing*money*in the market. Traders and investors usemoney management*rules to keep track of the performance of their trading accounts.

[syarif]

In my opinion, Money Management is obviously very important, because we realize it is difficult to face the big risks that exist in the forex business and that good money management is the best way for us to overcome and minimize the risk of loss. so we will not experience excessive losses. and money management in the forex trading business is too important. because with the help of money management in the forex trading business many forex traders secure their capital and avoid large losses in the forex trading business. so, money management must be important

[captainfx]

The function of money management in forex is the same as its function elsewhere. To make sure you don't spend more than you can and accomplish, and that you can get the optimal profit from your investment. and money management has a very important role in the forex market if we manage our money well, we never suffer losses in the forex market so pay attention to money management

[tong]

Money management is the key to success in forex. This is a golden rule for me which means staying today to fight another day. This means that if you don't have strict & clear money management in forex, you will lose capital in just one trade. I lost $ 50 once in less than 15 minutes with $ 0.2 lot just because it made a very high risk & did not make Stop Loose that made sense for my position. so I lost it ,. but after that I learned that risking a maximum of 10% of my capital is the maximum risk I must have in the future. .

[tigha truck]

Capital management is the most important strategy found in the Forex world and must be studied by every junior and professional trader. The most important question every dealer must ask himself is "What is the biggest loss that I experience in every transaction / day?" The fact that there is no absolute answer to this question, but should increase the loss of 3-5% of the account. And if you stop to limit the maximum losses you experience, you guarantee that the continuation of your account is open for a longer period on the market. and money management is the most important subject for Forex trading and most traders do not show concern. If you learn how to control your losses, you will have the opportunity to be profitable. Eventually

[wahyudin]

Money management is about how you control your risk when you trade .... trading with full control of money management will help you to do your trading with a low probability of loss and even you get a loss ... You can still survive and make it back to where is your account before getting a loss ... and the main foreign exchange trading forum, money manager, how to control your trading, bro, or do you have a profit, the profit you get from, how to pay, how to account, how to balance our batah balance? For trading acro, for example it can help us risk only 3 dollars if we have 100 dollars in capital.

[lebong]

then you have to assess and see the number of lots that you can open according to your trading capital so that even if the market moves to its lowest point, your account doses are closed automatically, we invest in forex, money management is also part of a trading system that must be inseparable there will be no forex trading. and money management is a system to save our capital from big losses. We should not take high risks to get big money if we have little capital. Our target profit and loss from trading is simple in accordance with our capital. We make a plan in every good money management trade for good results.