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Errors in the application of Money Management in General Forex Discussion_67f83ac065b44

Errors in the application of Money Management

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traderpro

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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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#1 - November 15, 2021, 12:17:21 AM

changerfx

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managing MM or Money Management is the basis in trading that we must understand.. it's like managing MM is the same as managing our breath where this is very important and crucial.
#2 - November 15, 2021, 10:55:17 PM

kafas11

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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
#3 - November 15, 2021, 10:55:46 PM

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#4 - Today at 02:27:52 AM

bolami

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I also agree with you, regarding the 2 mistakes in implementing money management, it is very satisfying for your post. Hopefully in the future I will also not do these 2 things.
#4 - November 15, 2021, 10:56:41 PM

Kuns

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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.
#5 - November 19, 2021, 07:53:18 AM

Aguero

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often which makes money management not go well is ourselves that cannot be disciplined running it, so the money management that we have does not mean anything
#6 - November 19, 2021, 01:25:25 PM

budhiseptiadi371

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


#7 - November 19, 2021, 05:06:55 PM

Seth

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You understand the problem of financial management. When you use financial management incorrectly, it means that you are still not ready to be able to manage how to manage your financial management. You must be able to study and read books first. So don't miss the plunge into the world of foreign exchange. You haven't been able to master good financial management.
#8 - November 19, 2021, 10:29:22 PM

changerfx

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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.
#9 - November 19, 2021, 11:10:08 PM

bolami

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Money management is usually a package with the techniques used. If the technique used is a small win ratio, then inevitably you have to feel the erosion of the balance.
#10 - November 19, 2021, 11:11:01 PM

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#11 - Today at 02:27:52 AM

cahyopratomo233

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when wrong in implementing this money management will make us lose a lot of money.
#11 - November 20, 2021, 12:26:51 AM

Rino

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running money management must be as good as possible and must be disciplined, because money management is the only protector of our trading account from margin calls or large losses
#12 - November 22, 2021, 07:52:55 AM

ngetik

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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.
#13 - November 27, 2021, 10:37:22 PM

ikankoi

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Quote from: ngetik on November 27, 2021, 10:37:22 PM
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.
Maybe this is what attracts homework for all traders, because I think the key to the success of this trading business is to have good psychological qualities and that will naturally make our money management healthier.
#14 - November 27, 2021, 10:38:21 PM

projoabu

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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.
#15 - November 27, 2021, 10:39:36 PM
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