Money management skills

[Bonyi]

Risk management is a core concept that protects your trading capital from losing trades. It should be part of your trading strategy immediately when you begin your trading career.
Risk management encompasses concepts like stop losses, scaling in and out of trades, and risk to reward. Understanding these methods can help you maximise your profits and avoid losing your trading account

 

[Daisy]

One has to learn how to manage the money. Its essential to gaining more profit and minimizing losses. If you don't know it and you throw in all of your money then you might walk out with nothing too. You have to trade with modest amount and also learn to avoid losses so yo do walk out iwth some profit like using stop loss or only trades at the right market time and the right trends. You should also use low capital and leverage as a newbie to prevent huge loss.

 

[gkintl]

Without money management even the best of the strategy would yield poor results. Money management begins with determining the lot size or allocation of capital to a trade. This is followed by assessment of risk to reward ratio and usage of stop loss and take profit facility. Unless and otherwise a trader is adept in all the criteria mentioned above, it would be very difficult to come out successfully in the long term. Very few traders are exceptional in money management and so they perform exceedingly well than others even when similar trading strategy is used.

 

[Decub]

Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage his capital finds himself out of the market sooner than he expects. It doesn't come easy and the skills required in risk management is one that grows with time.

 

[Pettyeve]

Money management is the most important thing that any forex trader in here will be having. Without having a good money management skill, forex will take away the trader's whole money before he or she will start making profit. This thing is something that any trader will learn first before going to the live account.

 

[kasual]

Traders can use big lot size but it happen when they are sure only with market situations. But if traders doubt, they should use the risk which not exceed from risk tolerance. Traders skills in manage the risk make them to survive and even able to make capital going to increase.

 

[gabanda]

skill in managing capital are indispensable trading well because by having a good capital management will allow us to trade with the maximum and we will be trading much longer. to survive then we need to be smart to manage capital well

 

[sininfinity]

Traders can use big lot size but it happen when they are sure only with market situations. But if traders doubt, they should use the risk which not exceed from risk tolerance. Traders skills in manage the risk make them to survive and even able to make capital going to increase.

Those are the moments like NFP situtations but I would suggest to use proper risks. There are lots of whipsaws during NFP news and it can damage the account balance badly if risk is not maintained properly.

 

[gabanda]

skill in managing capital well we can not get them instantly. We need to train and therefore, we should be a lot of learning to exercise good management of capital that will allow us to be successful in forex trading.

 

[Nezami]

In this market place , in spite of most powerful analyzing trade knowledge that’s not possible at all to make profit constancy without proper money management which is very supportive to continue live trading in a proper way. So, besides acquiring good trading knowledge we have to know how to manage money.

 

[sininfinity]

Yes often although not always news NFP giving instant impact to the market, might we often look when news before released hence the market seems no movement and on this condition because many big trader they waiting news and when news already released often suddenly the market being higher volatile

Market instantly moves most of the time. And sometimes before the release. We retail traders, have a disadvantage here. We get the news with a few seconds delay. And within those few seconds big boys move the market.

 

[Faal]

For making profit very rapidly we the trades basically depend on our trading strategies that we select according to our trading experience, actually we could not get maximal result by our trading strategies without having proper money management. So, obviously we the traders have to know how to manage risk.

 

[Fx Master]

We have to depend on our trading strategies basically for making profit with great consistency, so if we want to get maximal result by our trading approaches first of all we have to know how to manage money in Forex. Otherwise it is not possible at all to get more profit by our strategies despite of good trading knowledge.

 

[sininfinity]

So hard if news impact causing market being randomly, it's possible price suddenly move down rapidly but not too long time suddenly move uptrend with also strong movement, many technical trader stay away from news because this reason

Well market does not always move according to the news outcome. It makes different kinds of moves based on the traders sentiment about the market. so various moves should be expected.

 

[arjun]

Is this posting bonus is related with the money managements guys...?

 

[Nezami]

In this market place, Skill in managing capital is indispensable trading well because by having a good capital management will allows us to trade with the maximum and we will be trading much longer. To survive then we need to be smart to manage capital well.

 

[arjun]

We need to focus on building a right approach for managing the risks which are associated with our capital. This can only be possible once we get experience and experience comes from learning.

 

[alextrader79]

Yes this bonus realted with the money, which traders can use in Social Trading and withdraw profit.

money and money management are different things. did you know it?
and it has nothing to do with those posts about brokers (I even can't catch the sense of posting of this information in THIS thread about money management).
and what about instruments? all brokers offer instruments, why do you mention it here without saying a word on the THEME. Omg. What has happened to the forum!

 

[arjun]

Do you have experience in trading? I know that liteforex broker has a lot of instruments for beginners in trading

Yes but not traded with the broker that you have tried to insert in this meaning less post..

 

[arjun]

Do you read articles about forex trading?

Yes i do read articles at bloomberg and other relevant sites, it usually helps me building more confidence to arrive at any conclusion related with forex.