Money Management in Forex

[Ahmed Solaiman]

after having most powerful money management the result of trading can be useless if there is a perfect practice session.

 

[JimmyChoo]

practice is important no way to deny , and demo is the best place for that even though by and large dont believe the importance of this trading place at all.

 

[NeilKruger]

demo is good but sometimes we the traders need to trade in a micro account to acquire live trading knowledge and experience.

 

[JimmyChoo]

but i have seen when trading in a micro account traders use high leverage to bring good amount of profit very rapidly with zero risk management. at the end of the day they lost whole equity.

 

[FahadMd]

this is true fact , no way to deny

 

[Svetlana Loboda]

so many times money management works to fail , because the market is so uncertain and no one can predict the market with certainly.

 

[NeilKruger]

for that reason you need to take a long time to build a perfect MM , otherwise any kind of approach can be useless.

 

[Abbas Ali Khan]

what you thinking , there is any difference between money and risk management ?

 

[tomCooper]

no difference between two. its all about for avoiding unfortunate risk and losses.

 

[ForexCrusader]

Even though we the traders always think only most powerful analyzing trade knowledge can bring success from this trading place but i think despite of having good knowledge and experience the result of trading can be useless if there is no strong money management .

what you think guys ? share your opinion.
thanks

Definitely agree! Managing risk, setting stop-loss levels, and using position sizing to limit loss is some of the pillars of a successful trade because trading is not just about focusing on how to make the most profit but how to protect the capital from losses.