What is the function of Money Management in Forex?

[MERDEKA]

Because we divide our funds so we don't open any positions by using very large lots in our account, so we can lose our capital in a very fast time, that's one function of MM and a trader must have a trader who uses a strategy that wise and good and good money management to benefit both from forex trading. A good trader always trades on forex with out greed and lust to benefit from forex trading.

[gandiwa]

If the market moves to the worst position you might not lose your account and end up with nothing. they say only to invest 5-10% of your trading capital for certain trades. before doing that, you have to calculate the market range where your chosen currency fluctuates. then you have to judge and see there isn't much u can open according to work. and the main function of money management is to manage our margins, so we will not get a margin call. Another function is, we can specify lotsize that we can use to trade on every trade, at each level or step martingale or on average

[cristalin]

expert traders know a lot about money management and respect it more than new traders. usually new traders who don't really care about money management lose their first account in a few days. Money management is the only way to keep their accounts safe from margin calls. and I use money management with a 10 Pip daily profit target. Also part of the trading system must not be separated there will be no forex trading without money management. it is in a way that makes us small profits and we will save our money again with us which increases the chances of success.

[jagal]

Money management means that in the forex business is how much money you want to trade and how much money you want to make per day and month. With the right money management, all traders can earn income from the forex business. I always keep the forex business. and good money management is one of the main factors that will determine whether we will last in the market as traders or not. Money management is closely related to the trading system we use, the currency traded and the level of risk we want to play. MM is closely related to the trading plans and trading strategies that we have. So, MM is a very important thing in forex

[suzana]

Money management plays a very important role in forex trading in the sense of helping traders to stay in business when things don't go well and it helps them maintain focus and stay comfortable even in the face of consistent losses and Money management is a basic part of this business because without money management someone can never manage their money and people can never manage their trade. With the right money management, one must manage the investment of capital by respecting the trade. In this way he can save investment capital. So this method is very necessary to manage money in this business.

[duua]

money management can prevent excessive trade. traders must limit losses per day with MM. I trade every day, because my trading system signals an entry every day, so I'm busy analyzing every day. if you do not use take profit, you must always wait at the computer. I learned from that experience, and tried to control your emotions. and about money management functions in forex trading. This is to decide the risk for the trader that he will get if the current price of the traded pair will not be in accordance with his previous prediction. In other words it is to minimize risk for traders.

[kokorotak]

You can compare money management with concepts such as budget. A plan for approaching trades that will tell you how much or part of your capital you have to invest in trading. This is important because there are possible losses and profits in trading. trading is always a risky investment. So when you lose trading, this money management will ensure that you will not lose all your accounts completely. This is important for survival. and money management has a very divisive function to get steps to succeed in forex trading, beginners can account for their capital strength to find the strong strong internal energy loss that we will take when trading in a floating country agreement to raise a lot of money we want, this is one example of money management

[tahu bulat]

Money management is something that helps forex currency traders to make the best of their trade in terms of saving and protecting their accounts from losses. This is a mandatory thing that must be used by all traders. and the core concept of consistent performance and longevity in forex is that we make good money management and have strong control over the money management we make from ourselves. This allows a trader to risk only the amount of money given in each of their open trades. For example, it can help us take only 3 dollars if we have 100 dollars in capital.

[kokorotak]

Money management policies are the main driving force that allows forex traders to get the best results in their trade. The main objective of MM is to control the amount of losses traders may have on forex. and you have to calculate the market range where your chosen currency fluctuates. then you must assess and see the number of lots you can open according to your trading capital so that even if the market moves to the lowest point, then your account closes automatically and money management is also part of a trading system that cannot be separated. there is no forex trading without money management.

[tabungan]

money monagment ki jankare hona bahut importent hi yadi hum money management jange to hum bahut acha kar sakenge hum bahay pisa kama sakenge bas hume achi mehnat karne ki zroorat hi moeny managment karenge for sahi tarh because chahiy moeny management hume bade trader se samghna chahiy. and there is a good role of money management ... every business must make plans and then run it with techniques and obviously need to maintain and plan money management so we are always in a safe position. without proper system settings running a business is so much ignorance