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Thread: money management.

  1. #1
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    Default money management.

    money management.
    inthink all trader must know about it. if we have plan trading we could manage money. we do not allow high risky for our money. if we allow high risky it like gamble. i ussually accept loss 5% balance a day . if i loss i will stop and next day i will trade again

  2. #2
    danny
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    Quote Originally Posted by casama View Post
    inthink all trader must know about it. if we have plan trading we could manage money. we do not allow high risky for our money. if we allow high risky it like gamble. i ussually accept loss 5% balance a day . if i loss i will stop and next day i will trade again
    yeah. a good advice guys. i think all trader can get money with market

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    Anybody willing to survive in this business must always take money management into consideration when doing this business,the good thing about proper money manage is that even if our entry is wrong we are still gonna end up making something from the market,though it will require time and patient but the truth is that it will surely pay off and yield good profit as well. success of any traders also depend on which brokerage service they choose, an ECN account type would be a good option nowadays. an ECN broker simply provides the trader with a trading platform and then acts as a middle man between the buyers and the sellers.I prefer to use ECN brokers, been years using Tickmill, one of ECN broker, the broker has a speed of execution and low spreads are needed by traders to do scalping to Achieve maximum profit. this is usually the main thing when I decide to choose the right broker for scalping.

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    Senior Member Robert Edwards's Avatar
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    Money Management is definitely the key to things because it can be the survival or it can be the attacking mode, it is what helps in making us successful and at the same time present to help us avoid any major huddles as well, it is the reason why the first lesson I learned was to do money management and thanks to the massive 111% bonus I get from Nova FX, it has done wonders to that and allowed me the freedom.

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    Money management is definitely the key part of trading and having strict money management is what leads us into becoming expert or getting near that zone. If we are not able to get the money management right then we can obviously go for struggle. I work with OctaFX broker where I get a lot of benefits especially with 50% bonus that’s given to me on all the deposit that I make, so it’s seriously great for all especially beginners like me.

  6. #6
    Senior Member HundEr's Avatar
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    When we're talking about the money management, we always forget about the ways we can save some money. I mean we pay a lot of commission for deposit, withdrawal etc. I have calculated: if I deposit $500, I will pay $12,5 deposit commission. Well, it is a tasty pizza actually! So, I really like that FreshForex has canceled the deposit commission. By the way, the next week it will cancel the commission for Neteller, quite popular payment sysytem.

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    Money management is very important and trading without strict management will not create anything good for us. When I started off trading, I never use to enjoy money management because it something that used to stop me from making big money, but ever since I have joined OctaFX I am not worried to do money management which is thanks to their 50% bonus on deposit which is use able and helps trading so much better with enough chance to make big profits.

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    No one becomes from this market place at all, if he does not know how to manage risk. As a part of money management , I always like to trade in a small leverage , in spite of having up to leverage 1:400 that always make sure my trading broker Trade12. But, in my demo trading I took high leverage to see the performance how it works.

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    Basically you can call money management as the right approach as how you foresee the risks associated with your investments and the art as how you manage those associated risks.

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    in ro ham eslah kon:
    I connected to the new feature from my current broker to manage my money risks in trading. It's called "Hot Trip" and it really made my life easier.


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