Errors in the application of Money Management

From the time I have struggled in the forex trading world, I have found several mistakes, but in this case I will focus on the mistakes in the application of MM (Money Managemant) which are often done by a trader:
I mapped into 2 MM implementation errors, namely:
1. If the Capital for Forex Trading is Small
Want as soon as possible to make the capital turn big, so it's too hasty in trading. Once Loss (loss) a little, immediately panicked and frustrated. Feel too heavy to return / restore the capital as before. It feels like the Apocalypse will happen tomorrow.?
2. If the Capital for Forex Trading is Large
Feeling prestige doing small transactions, feeling that using large capital is required to generate large profits as well. Feel the need to make a profit (profit) greater than the profits of a business with the same amount of capital.
When you lose, you will realize that the money that has been spent is too much. Stress and frustration is next...
Therefore, let us be wise in terms of managing our finances / money management.


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many successful traders are disciplined in managing MM where he will apply profit targets by setting a loss tolerance limit with market entry using lots whose MM strength has been calculated ... that's why managing MM is very important in trading

indeed the application of the wrong financial management will make things more difficult, therefore you will continue to be able to recognize how to use financial management properly by using your capital properly and correctly.

Errors in implementing Money Management are very dangerous, many people fail because they do not apply .

In my personal opinion, money management errors are caused because the strategy used is not appropriate or has not been properly understood how much we have to lose with this technique or how much we win if we use this technique. Let's say we use the breakout technique. Before being tested on the demo, we certainly won't understand where the stop loss is for implementing the breakout strategy.

when wrong in implementing this money management will make us lose a lot of money.

Indeed, what I feel while undergoing this trading is the most difficult thing is to control psychology and also money management in using lots. Fear and greed combine into one which causes us to become dark and enter positions not with a good MM calculation, causing the resilience of our capital to be not well controlled.

Proper management of mm should indeed be owned in this trading world, because without proper management we will gradually be eliminated from the market, but it is also supported by psychology as well as proper analysis, the market cannot always match the analysis, so the risk of loss must be considered.