lazizaimport Posted July 25, 2022 Share Posted July 25, 2022 I am not a financial trader and don't know much about your profession, guys. But I was very taken with @FXOpen Trader's statement. I totally agree with this statement. I work as a doctor, and in my opinion, my profession also needs a steady income. For this purpose, my colleagues use the service https://www.thefinitygroup.com/financial-planning-for-physicians. In the opinion of all my colleagues, it is the most convenient service for financial planning. And financial planning saves a huge amount of personal time that the client can spend with his family. So the unspoken slogan of this company is that everyone should receive a stable income, which can be predicted. Quote Link to comment Share on other sites More sharing options...
chrisbarett Posted July 25, 2022 Share Posted July 25, 2022 I am not a financial trader and don't know much about your profession, guys. But I was very taken with @FXOpen Trader's statement. I totally agree with this statement. I work as a doctor, and in my opinion, my profession also needs a steady income. For this purpose, my colleagues use the service thefinitygroup.com. In the opinion of all my colleagues, it is the most convenient service for financial planning. And financial planning saves a huge amount of personal time that the client can spend with his family. So the unspoken slogan of this company is that everyone should receive a stable income, which can be predicted. Quote Link to comment Share on other sites More sharing options...
chrisbarett Posted July 25, 2022 Share Posted July 25, 2022 2 hours ago, lazizaimport said: I am not a financial trader and don't know much about your profession, guys. But I was very taken with @FXOpen Trader's statement. I totally agree with this statement. I work as a doctor, and in my opinion, my profession also needs a steady income. For this purpose, my colleagues use the service thefinitygroup.com. In the opinion of all my colleagues, it is the most convenient service for financial planning. And financial planning saves a huge amount of personal time that the client can spend with his family. So the unspoken slogan of this company is that everyone should receive a stable income, which can be predicted. I agree, it's a pretty good suggestion. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted July 25, 2022 Share Posted July 25, 2022 Do you agree with your own statement? Quote Link to comment Share on other sites More sharing options...
ParkChoi Posted June 22, 2023 Share Posted June 22, 2023 In this sector, the ability to manage money correctly is simply required. It is important to recognize that without this understanding, obtaining a favorable result is just impossible. Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 22, 2023 Share Posted June 22, 2023 Money management and risk management is very important in forex trading activity, money management already counted the calculation before investing money in an account with pay attention to the amount saving money for family, don't invest all saving in a forex account because risky. Diversify capital to looking another type of investment to balance the portfolio. Quote Link to comment Share on other sites More sharing options...
Harvey Posted June 28, 2023 Share Posted June 28, 2023 I feel that it is critical to appropriately organize the trader's job. I can tell you from personal experience that this is really tough. Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 28, 2023 Share Posted June 28, 2023 Trading without money management is like swimming in the sea without safety, it is dangerous despite the skill swimming is good, however hard waves on the sea maybe could make the sink. Quote Link to comment Share on other sites More sharing options...
RodriJames12 Posted July 24, 2023 Share Posted July 24, 2023 It is critical for a trader to be able to appropriately handle funds while working. You can work without it, but you won't go far. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted July 25, 2023 Share Posted July 25, 2023 Money management is pretty easy, basically you can utilize a kind of hard rule which defines how much you risk in every trade. I use 1% rule with Hotforex, i.e the amount I risk per trade never exceeds 1% of my current equity. Quote Link to comment Share on other sites More sharing options...
James Mcgrant Posted August 23, 2023 Share Posted August 23, 2023 The capacity to correctly handle money in trading is a critical skill for any trader. I had previously prioritised it for myself when I initially started working. It is critical to understand how to handle your money appropriately. I paid close attention to this when I initially started dealing with an FP Markets broker. Quote Link to comment Share on other sites More sharing options...
nanamage Posted August 25, 2023 Share Posted August 25, 2023 For most professional traders, the average return earned each month from forex trading is between 2 and 10 percent per month. Remember, we as traders will not get these benefits if we don't make a lot of effort. So it is very important to join Freshforex webinars and education. Quote Link to comment Share on other sites More sharing options...
Hudson Posted August 28, 2023 Share Posted August 28, 2023 I feel that it is critical to appropriately organize the trader's job. I can tell you from personal experience that this is really tough. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 28, 2023 Share Posted August 28, 2023 Forex money management is a crucial thing to constantly making good trading plan, Although traders has good trading strategy, but reckless in trading without proper and disciplined money management, and one failure could make missing all profit. Quote Link to comment Share on other sites More sharing options...
Namu Posted August 30, 2023 Share Posted August 30, 2023 Every trader has undoubtedly experienced what we call mistakes, and I myself have gone through them as well. However, I don't easily give up and instead, I conduct evaluations by utilizing the education provided by FreshForex, my broker. This way, I can enhance my forex trading performance to the fullest in the future. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 30, 2023 Share Posted August 30, 2023 Money management has important role in forex trading, how the money management work is this is like a umbrela to protect us from the rain and hot sun lighting. Good trading strategy withut a good money management, failed eventually. Quote Link to comment Share on other sites More sharing options...
Namu Posted October 31, 2023 Share Posted October 31, 2023 Forex trading is indeed highly risky, so managing it carefully is crucial. In addition, you can try using the promo code "onlyfresh0923" from FreshForex, which allows you to claim deposit bonuses and cashback bonuses. To do so, simply contact their support and enter the code. Quote Link to comment Share on other sites More sharing options...
davidblack Posted October 31, 2023 Share Posted October 31, 2023 Money management in trading is a crucial aspect of risk control and long-term success. It involves strategies and principles aimed at preserving and optimizing capital. Traders set limits on the amount of capital they risk on each trade, often as a percentage of their overall portfolio, ensuring they don't overexpose themselves to potential losses. Stop-loss orders are used to limit losses by automatically closing a trade when a predetermined price level is reached. Additionally, traders diversify their portfolio to spread risk and avoid putting all their capital into a single trade. Successful money management helps traders weather the inherent volatility of financial markets and maintain a sustainable trading career. Â https://vfxalert.com/how-it-works Quote Link to comment Share on other sites More sharing options...
radex78 Posted November 1, 2023 Share Posted November 1, 2023 Money management has an important role in shaping profitable traders for the long term, this is like a key to survival in forex trading activity. Besides traders need good analysis, also they need good money management to implement plan trading, because they are not perfect, after making an analysis they realize could be the wrong analysis. Quote Link to comment Share on other sites More sharing options...
Namu Posted November 7, 2023 Share Posted November 7, 2023 Fund management and risk management are extremely important, and we must be able to manage risks effectively. The good news is that FreshForex offers an attractive promotion with the code "onlyfresh0923." This code can be used to claim cashback bonuses, drawdown benefits, and more. To get it, simply contact their support and enter the code. Â Quote Link to comment Share on other sites More sharing options...
nanamage Posted November 7, 2023 Share Posted November 7, 2023 Money management and risk management are crucial aspects of successful trading. Risking a specific percentage of your capital per trade, like the 2% you mentioned, helps protect your overall investment. Setting a maximum exposure limit, in your case 4%, ensures you don't overextend yourself. Adhering to these rules is essential for long-term success, as it helps minimize the impact of potential losses. FreshForex offers a comprehensive education system with online courses, video tutorials featuring expert commentary, and various special materials on trading, including knowledge about risk management and principles to enhance discipline in trading. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 10, 2023 Share Posted November 10, 2023 Effective money management in trading involves setting a risk per trade that aligns with your overall capital and using stop-loss orders to limit potential losses. Diversify your investments, and avoid risking too much of your capital on a single trade to protect against market volatility. Quote Link to comment Share on other sites More sharing options...
radex78 Posted November 12, 2023 Share Posted November 12, 2023 In forex trading, after placing an order on the market, the trader actually doesn't know where the price will go, maybe it will be towards our profit target, or conversely our order will be dragged into a floating loss, money management is applied to regulate the size of the position and the risk limit in percent of the total balance in the trading account. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 14, 2023 Share Posted November 14, 2023 On 11/13/2023 at 1:40 AM, radex78 said: In forex trading, after placing an order on the market, the trader actually doesn't know where the price will go, maybe it will be towards our profit target, or conversely our order will be dragged into a floating loss, money management is applied to regulate the size of the position and the risk limit in percent of the total balance in the trading account. Â The key issue to define right parameters of loss and profit in a particular trade that it will correctly reflect implied probabilities of outcomes. Though exact probabilities are not known we can use ranges of probability outcomes it is still better than some fixed rule or randomly chosen setting. 1 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 2 Share Posted January 2 On 11/14/2023 at 2:08 PM, boltushkin said: Â The key issue to define right parameters of loss and profit in a particular trade that it will correctly reflect implied probabilities of outcomes. Though exact probabilities are not known we can use ranges of probability outcomes it is still better than some fixed rule or randomly chosen setting. We will need to use and plan our trades in a way that can give us more profits in the markets. Quote Link to comment Share on other sites More sharing options...
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