Money management

Broker Discussion Forex Brokers
1

Money management is a important part of a trade. Every trade is depend on strong money management . I think money management is a essential part .

3

Yup, to know if what you are doing is right.

4

I often use different order types as for example Stop Loss or Take Profit. And of course EMOTION CONTROL.

5

and managing ourself to get profitable trader [B]traits[/B] are more essensial than money management :slight_smile:

6

Agree on that:

  1. Trader’s traits
  2. Trading rules
  3. Money management

Why?

  1. The trader executes, and without proper executions 2 and 3 are worthless.
  2. Without winning trades, 3. doesn’t mean a lot.
  3. After proper execution and winning profits, it is a shame to lose your money on poor money management.