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Money management

Renato Hi Fi

New member
Money management is very necessary for the investment in any business because it tells you the condition of the business that it is going in profit or loss.
 
There are several utilities (Excel spreadsheets, standalone apps and MT4 indicators) around.

I modded this one and park it on every chart. If your account balance is increasing, so too will the (re-calculated) lot size and vice versa (if losing). It is _far_ better than just using the same lot size day in day out. There are e-books on money management but this one (I think) does most of the work for you. Enjoy.

(Wow. Nearly 150 downloads and "thanks" clicked only one time?)
 

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prathik

Member
Yes money management is very necessary to evaluate the condition of Forex . So trader should good money management to trade exactly what he wants.
 

Pulkit Gupta

New member
Money management is very necessary for the investment in any business because it tells you the condition of the business that it is going in profit or loss.

Yes, it is very necessary and I also keep manage the money to invest in the business.
 

freddieforex

Active member
Banned Users
Money management is very necessary for the investment in any business because it tells you the condition of the business that it is going in profit or loss.

Let's not post junk spam links noob.
 

paps4cash

Member
you start a thread by inserting a link? but anyhow yeah we all now how moneymanagement is important to any trader of business holder
 

kaito kid

Member
Money management gives our perfect way that how much volume of trades we need to open according to our balance and how much we can use stop loss and take profit and with the help of money management we can easily review of our weekly trading.This will also help us that to calculate monthly profit and we can easily decide how much us invest more and how much we can withdrawal and in easy words our capital is very secure with the help of money management.
 

justincyrus

New member
Money management gives our perfect way that how much volume of trades we need to open according to our balance and how much we can use stop loss and take profit and with the help of money management we can easily review of our weekly trading.This will also help us that to calculate monthly profit and we can easily decide how much us invest more and how much we can withdrawal and in easy words our capital is very secure with the help of money management.

Yes, I am agree with your statement.
 

William Castillo

Member
Banned Users
Emotions are the main enemy of a trader. It is true that as human being we can not control our emotions easily. But in forex trading, it is very much needed to control the emotions. Loss is a part and parcel of forex trading. Most of the traders get emotional or angry while they have faced losses. But every trader should have positive intentions. They always try to recover their losses. I am trading with Tpglobalfx. Sometimes I have to face loss also. But at that time I think about my mistake and try not to do the same mistake again. My broker helps me to recover my losses and convert it into the profit.
 

natalie2

Member
Managing money is really important for all traders. It helps you maintain some discipline in trading,defines limits and boundaries.
 

Fin Candy

Member
The beginners took this market place always as like a casino. And without passing a long time they always try to make profit very rapidly , as a result almost 90% traders are loser from here in particularly the beginners. So it is more appropriate , if the beginners emphasis on learning process before earning.
 

Emathew

Member
Managing money is one the most underrated things in forex. But a good money management strategy is surely a big win for a trader.
 

Fin Candy

Member
Discipline is the key to success not only Forex but also every kinds of works. in my trading career for avoiding loss I always try to main my trading discipline. As alike, for avoiding risk I always use 1:100 leverage. but when I can predict the real faction of this market with certainly then I use up to leverage 1:500
 

Frank.lin

New member
Money management skill is actually important for traders because it helps in organizing your money with a budget even though traders do not love it, but the results are worth it.
 
Money management is one of the best strategies for scalpers to avoid loss at a higher rate. Beginners and newbies should develop this skill first before entering into live trading so that they can avoid unnecessary losses during live trading.
 

imi2

Member
Money management like other skills comes with time and every new trader should keep the warren buffet money management rule which is not to lose your money and never forget this rule.
 

AustinRos

New member
Why is money management so important in forex, and does it also apply to part-time traders that trade with small accounts?
 

Sarah09

Member
Money management combined with a successful market strategy enables the trader to take out the emotional and psychological aspects and to make money over the long term.
 

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