Well money management is important for tradimg ????

april
895
april  

well money management is important for trading forex because many of traders tell me that well money management is so important for trading .... do you agree with me ?????

ching
96
ching  

oney management is very important to trade successfully in Forex. If you have good money management and a strategy then it will be very easy for you to make good profit in Forex.

Yasir
78
Yasir  

Money management is the highest level of important thing needed for successful trading. A trader with world's best strategy cannot make money if he is not good in money management.

Bruce Mendes
80
Bruce Mendes  
Candle:
Money management is the highest level of important thing needed for successful trading. A trader with world's best strategy cannot make money if he is not good in money management.

We should know that if our trading is done with proper money management skills then we will be able to control our losses and also make sure that our money is safe

myname
3231
myname  

In short : no MM, no trading. It is as simple as that

Isabelle Watson
37
Isabelle Watson  
bingofx:
Agree it may be even more crucial than trading strategy. If you don't know appropriate bet for a trade then it's far worse that if you don't know the direction with perfect bet. Just my opinion

If a trader will know what kind of trading strategy is going to give a trader best results he can continue using that for his trades. But at all the times we need to learn how to manage our trades well.

Abe Bonifaas
110
Abe Bonifaas  
A good money management strategy is of great significance in trading as it can really help us evaluate how much we should risk per trade and  maximize our profit potential.
François*Thierry
135
François*Thierry  

Greetings,

My opinion is: first needs to develop/find/ learn working strategy. Then the MM should be as fine tune and will help to improve the result.

Lazar Radimir
122
Lazar Radimir  
Money management is important. If it’s well organized based on good strategy it could be even profitable :)
François*Thierry
135
François*Thierry  
Greetings,
There are traders counting only on money management and they just take randomly direction. For those type of trading really large account and patience.