Money management and trading psychology

[Kevin Vogt]

Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.

 

[Alicia Lynch]

Thank you very much for discussing two important issues. Money management and trading psychology are one of the keys to success.

 

[Oscar Shumack]

I think depending on the signal will be risky as a trader. you should make a strong plan to survive in this risky market.

 

[Cooper Truebridge]

If money management and trading psychology can be managed properly, it is possible to gain a trading profit. Trading psychology is very important.

 

[Mark Dahl]

Control the emotion and reduce the risk. It is the way of surviving in trading.

 

[Gito Dinev]

Don’t invest too much if you are a new trader.

 

[Eduardo Lucchese]

Money management is very necessary to survive in this risky market.

 

[soilacasa]

Too much investing is just gambling. Traders should learn to invest after they know how to manage their money and how to manage emotions.

 

[Alexander Hudson]

Money management is very important to make money from this market.

 

[David Marco]

Money management helps a trader to make a good career in this market.

 

[lotcamel]

Money management is essential because it helps you take calculated risks. Psychology is important so that traders do not fall to emotions like greed and fear. The combination helps you to make informed decisions.

 

[Svetlana Loboda]

what is the main thing about money and risk management . its all about same or there is any major difference between two.

 

[Karley Walker]

I always emphasize these two things. Money management and psychology are very important for trading. It will be much easier to make a profit if you can absorb these things.

 

[Kevin Vogt]

what is the main thing about money and risk management . its all about same or there is any major difference between two.

Money management tells you how much money you should should to open a trade. Risk management tells you how you can manage your risk in trading.

 

[Davidfx89]

what you think guys there is any difference between money and risk management ? its all about same issue or any difference major there is ?

 

[Kazumu Fukunaga]

The important part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

 

[Oscar Shumack]

Money management is a must to be followed. We should keep our trading risk lower so we can survive in the market for a longer time.

 

[SaadBinToha]

We need confidence but not overconfidence because there is nothing certain in Forex. But try to start trading with a regulated broker.

 

[Eduardo Lucchese]

Investment is undoubtedly a big decision in the life of a trader. Before making investment, grow your knowledge as much as possible so you can survive for a long time.

 

[Ethan]

Strong money management will surely increase our return but proper money management is absent nowadays because we don’t know how to do it actually.