Forex Zone - Forex Forum

Errors in the application of Money Management in General Forex Discussion_680fd8af1a8ca

Errors in the application of Money Management

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 4322
  • Points: 2127
  • Likes Received: 247
  • Reputation: +20/-15
wrong management can indeed be fatal for the welfare of your account, therefore you must be able to take various ways so that you can protect your account management and grow your money
#31 - December 18, 2021, 06:08:36 AM

  • Full Member
  • Posts: 102
  • Points: 612
  • Likes Received: 0
  • Reputation: +0/-0
The wrong application in trading is done by traders who have not been able to manage their mindset properly, play with feelings and jump to conclusions too quickly. a trader, if the application is often not in accordance with the trading rules, what needs to be corrected again is the brain.
#32 - December 18, 2021, 10:14:14 AM

  • Sr. Member
  • Posts: 252
  • Points: 757
  • Likes Received: 0
  • Reputation: +0/-0
The solution is to change the wrong mindset into the right mindset in trading, try to always obey the trading rules, whatever the trading results don't expect, the important thing is to be a responsible spirit, discipline and patience are the determinants of trading success.
#33 - December 18, 2021, 10:14:53 AM

Sponsored

Errors in the application of Money Management in General Forex Discussion_6803a6c52eb12
#34 - Today at 08:34:30 PM

  • Sr. Member
  • Posts: 485
  • Points: 1000
  • Likes Received: 3
  • Reputation: +0/-0
In running a forex business, you must use careful calculations and not rely on luck alone. Indeed, there is something called fortune that governs it but you still have to try hard because it will not come alone unless we try with all our might. So make sure money management is good so that the account is safe in accordance with the expectations of a good businessman.
#34 - December 18, 2021, 10:15:49 AM

  • Full Member
  • Posts: 192
  • Points: 702
  • Likes Received: 2
  • Reputation: +0/-0
I don't really understand draw downs, but every time I trade I always limit the risk to at least two percent of the capital I use.
#35 - December 18, 2021, 02:28:59 PM

  • Hero Member
  • Posts: 4322
  • Points: 2127
  • Likes Received: 247
  • Reputation: +20/-15
wrong finances doesn't matter because when we talk about financial management we always have errors in how to calculate but my advice is not to get caught again because when you are wrong then your money will be forfeited
#36 - December 18, 2021, 09:49:25 PM

  • Hero Member
  • Posts: 2360
  • Points: 2
  • Likes Received: 200
  • Reputation: +4/-0
to maintain good financial management because when we can't take care of our finances well then what happens is we MC and we fail to get consistent profits
#37 - December 18, 2021, 09:49:59 PM

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 193
  • Reputation: +1/-0
make a mistake using a management account it doesn't matter what matters you don't have to make a mistake you're sick and don't repeat it so make sure all financial management doesn't experience the slightest mistake
#38 - December 18, 2021, 10:01:44 PM

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 193
  • Reputation: +1/-0
Implementing wrong financial management is not a problem because all of that there must be an error in using the system or making a trading plan.
#39 - December 20, 2021, 04:54:02 AM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
Don't let you always experience failure in making financial management or trading using financial management because when you make a constant amount, your money will run out over time, so you're the only one who loses.
#40 - December 20, 2021, 04:54:42 AM

Sponsored

Errors in the application of Money Management in General Forex Discussion_680a43e42599d
#41 - Today at 08:34:30 PM

  • Full Member
  • Posts: 238
  • Points: 743
  • Likes Received: 0
  • Reputation: +0/-0
In my personal opinion, the error in applying MM is when a trader makes a trade that exceeds the maximum lot of the balance or balance he has. so take into account what you use according to money management before trading
#41 - December 20, 2021, 06:25:20 AM

  • Sr. Member
  • Posts: 252
  • Points: 757
  • Likes Received: 0
  • Reputation: +0/-0
As we know that the forex trading business is very high risk of loss if we do not explore the knowledge, this is where it is very important to understand money management in detail, management that is wrongly implemented will have a very bad impact, even we can run out of capital.
#42 - December 20, 2021, 06:26:06 AM

  • Sr. Member
  • Posts: 485
  • Points: 1000
  • Likes Received: 3
  • Reputation: +0/-0
In my opinion all money management is good, what is not good is the trader himself, sometimes the strategy is good and money management is good too but still experiencing losses in trading, all that happens because we are impatient and disciplined in trading.
#43 - December 20, 2021, 06:26:54 AM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
mistakes when you use financial management it doesn't matter what matters you don't do it again because it will be very dangerous to yourself and your account
#44 - December 20, 2021, 06:36:49 AM

  • Hero Member
  • Posts: 2600
  • Points: 165
  • Likes Received: 193
  • Reputation: +1/-0
Experiencing failure or mistakes in implementing financial management does not always result in something bad because when you are wrong in using financial management it is still natural, the important thing is that you know the way and can fix it.
#45 - December 22, 2021, 06:27:58 AM

Members:

0 Members and 1 Guest are viewing this topic.



Errors in the application of Money Management in General Forex Discussion_680a8c1401496