what is an easy way to learn money management

[fashayma48]

i use trailing stop loss i feel better using it then fixed stop loss but im having diffulculty calc lot size

 

[D.Biswas]

Hello,
Learning money management in forex involves understanding how to manage your trading capital, limit your losses, and maximize your profits. Some tips (Personal opinion)-

1. Set a trading plan: A trading plan should include the amount of capital you are willing to risk on each trade, the size of your positions, and the entry and exit points for each trade. This plan will help you to avoid impulsive trades and stick to a disciplined trading approach.
2. Use stop-loss orders: Stop-loss orders allow you to limit your losses on each trade by setting a predetermined price at which you will exit the trade. This will help you to control risk and protect your trading capital.
3. Set realistic profit targets: Before entering a trade, you should set a realistic profit target based on your analysis of the market. This will help you to avoid overtrading and taking on unnecessary risks.
4. Manage your leverage: Leverage can amplify your profits, but it can also amplify your losses. It is important to understand how much leverage you are using and to manage it carefully.
5. Learn from your mistakes: Every trader makes mistakes. It is important to learn from them and adjust your trading plan accordingly. Keeping a trading journal can be helpful for identifying patterns and improving your trading strategy.

Thanks
D. Biswas

 

[fundmanager]

i use trailing stop loss i feel better using it then fixed stop loss but im having diffulculty calc lot size

use a MT4/5 TRADE MANAGER EA...you can then have a set % you risk on all trades/ tps or just trailing. GL

 

[shifter08]

Money management is a very underrated discussion in forex, but the most important of all probably more important than your trading system.

You may opt to have every trade with a stop loss, or use martingale method, or hedge your position

 

[John Miller]

Proper money management will give you profit on average. If you follow risk management strategy, you can gain profit on average and winning a trade will bring laughter back on your face.

 

[Mefiu007]

Im using risk mangaer callculator. Its always open trade with % SL and %TP. 1% lose on every trade

 

[Charles Agustin]

Market condition might be twisting but it shouldn’t distract us. To make good profit, trade by understding the market condition. Make the best use of your available market opportunities.