Money Management in Forex

Money management in forex trading is like a strong weapon to defend from enemy's attack, all trading systems need to implement money management properly, besides having a plan money management, more important is to keep discipline with the rules, learn and evaluation.
 
Money management helps you take risks safely. With a proper technique, you will be able to protect your profits because without money management you may have a winning streak and still lose everything in one big loss.
 
Abbas Ali Khan said:
try to develop your own trading strategy , never try to depends on others strategies.
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Sometimes traders are not comfortable using another trading strategy although its claimed as profitable trading system, each trader have own comfort zone in choosing a trading strategy if one strategy is profitable for another trader, not means profitable too if we use the same strategy, psychology is matter in trading.
 
Money Management is so crucial; there is no sustainable way in Forex unless the money management rules! In my trading, I don’t take more than 1% risk, whatever the purity of entry point is! This I’m diversifying my risk reward ratios in my Forex trading!
 
Forex money management is designed to minimize trading losses and make them "manageable". This means that when a trade turns into a loss, it does not prevent the trader from winning other trades. The philosophy of money management is closely related to risk management because when trading, all risks portend your money.
 
You cannot control your losses. But you can definitely control how much you want to put at risk so that the losses are manageable. So, learn to quantify your risk per trade. After deciding how much you can use for forex trading, build a money management strategy that tells you how much you should risk per trade. This will also help you in placing your stop loss at the right level.
 
Most traders even those at premier houses have zero clue how to manage position size, with that comes the unraveling of all there trading, hence no winning traders out there. That leaves on having to be consistenly positioned to work around unbalanced/ weighted positioning. This then pulls your statistics into managable probability.
 
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