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Talk about Money Management (Manage your finances in trading)

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dodogtg

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In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..

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#1 - February 11, 2019, 06:00:42 AM

SilorFX

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as a newbie I need to get a deeper understanding of managing money in each of my trades. is there a theory or the right way for beginners to regulate their trading capital.
Thank you so much...!!!
#2 - February 14, 2019, 08:31:22 AM

MonsterFX

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
Good money management must be applied in trade, measured risks, reasonable profits, lots that match capital must be planned before opening a trading position.
#3 - February 14, 2019, 09:26:08 AM

Madealvin

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
Here I give one example of the money management Forex cash trading that I use.

I will break the $ 1000 capital into 5 trading accounts with each deposit of $ 200. Use 0.05 lots with 400pip resistance. If one of the MC account losses we still have another 4 accounts for recovery with a different strategy.
#4 - February 14, 2019, 10:06:02 AM

Kasini

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discussing about money management is the most important thing in forex as we manage our finances will be able to grow rapidly in forex



#5 - February 14, 2019, 06:30:06 PM

mohammad mmufroil

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
Money mangement is basically determining the risk before a trader makes a trading transaction, the most important is a bigger profit ratio than the loss ratio, and must be able to set a loss ratio in percentage percent of capital if we have already received some capital that will lose if we experience loss
#6 - February 15, 2019, 01:43:02 PM

indra88makmur

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In my opinion. money management is a must do by a professional trader. because you have to avoid losses and all the risks that are before you when trading. and use a good trading plan and discipline for what you make. maybe that's the key to successful traders
#7 - February 15, 2019, 01:48:10 PM

Isca

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
In addition to financial management, I think emotions are a major factor in determining trading plans. If we have mastered these two things, then it is to determine the trading strategy that we will use. Each trading strategy has rules and SOP, for discipline with these rules, the emotions of traders play an important role in it.
#8 - February 15, 2019, 03:24:21 PM

Fadeel99

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
I try to add always set stop loss and not every entry, and calculate your profit in the period of months or years, do not count per day, indirectly it will poison your psychology in the long run
#9 - February 15, 2019, 03:29:28 PM

ariezz

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Money management is one of the most important and vital parts of risk management because it limits losses and helps calculate what proportion of lots we will use for transactions, profit targets and stop losses. So MM is one thing that must be considered so that trading is safe and calm.
#10 - February 16, 2019, 08:30:35 AM

Luky andriya

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
okay I like your discussion. money management is very vital for us traders, if we want to be successful in this business, prepare good money management.

such as lot size, loss prepared, profit measured, all adjust to your capital.
#11 - February 16, 2019, 09:05:41 AM

SilorFX

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Sometimes what makes trading not used with money management is because of the mindset that thinks that in the forex business you have to get results as quickly as possible, if you want to think, there is still tomorrow to trade again.
#12 - February 16, 2019, 10:29:45 AM

Ariyudin

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Maintaining a simple account with money management that is a maximum of 2% is indeed simple. Even for traders who are all over the world. Even a professional trader also recommends it. The risk that the trader is responsible for is small so it is sufficient to maintain a relatively long account if trading loss.

But there are also other professional traders. Suggest that you don't always apply a fixed or stable money management ... but see also the market conditions. The worse the market or the harder it is to read the trend pair in the market, the smaller the mm is used. or easily read the trend pair that is formed, the bigger the mm that is used ... if I agree more with this trader ... the colors match my trading experience
#13 - February 18, 2019, 03:44:31 AM

Iqbaleee

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I think that good financial management is really needed, with this we can limit our losses and regulate the length of our trading account. with this we can reduce the MC risk
#14 - February 20, 2019, 05:19:48 AM

Aranchar

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Quote from: dodogtg on February 11, 2019, 06:00:42 AM
In trading you must understand how much money you will use in am
transact, how much loss you will or will bear, of course
only with this you must really understand in managing your money,
if you don't understand in managing your money of course your results
will do orders carelessly, the purpose of understanding in money
this management you will be able to calculate how much funds you will
trade in adjusting the market conditions that you will enter, of course
if you have mastered Money mangemen then you will be able to
make your trading plan (Trading Plan).


is there anything else to know, please if anyone wants to share..
money management
I think this sentence is often campaigned in trading
but the use or learning of money management is not as easy as we read
which in book risk must be a percentage of capital
but we sat in the market money management unused
#15 - February 21, 2019, 05:42:13 AM
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