We should test our money management again and again before applying in real account !!!
Page 1 of 4 1234 LastLast
Results 1 to 10 of 31

Thread: We should test our money management again and again before applying in real account !!!

  1. #1
    Trader Russel2012's Avatar
    Join Date
    Aug 2013
    Location
    Dhaka
    Posts
    162

    We should test our money management again and again before applying in real account !!!

    Most of the traders make money management in real account... Even maximum time that money management becomes wrong for emotional knowledge... So I think a trader should make own money management from demo account... He should test it again and again.. When he can get perfect confirmation about his money management that is too safe then he can apply it in his trading In saa Allah...
    ~~You have chance to be successful until Death.. So try hard till death~~

  2. #2
    Why do you want to test money management with simultaneous? You just make it one time and then apply. I think that should be tested again and again is a trading strategy and your trading psychology. Tested trading strategy is needed to good understand, as well as testing the psychology of trading.

  3. #3
    Money management must be tested well before practiced in the real account. That's why advanced forex traders prefer to use a demo account with capital equated with their original capital. That way we can predict the future management of the money that we use can be used in live trading or not.

  4. #4
    Money management must be among the priorities that should applying before in Forex trading using real account, that puts either his eyes in testing and getting experience should be a motivation is very strong to get experience of Forex trading through demo account and the first of these experiences is experience in money management

  5. #5
    The demo account is certainly the best place to test and perfect all forex trading plans and strategies before implementing those plans on any real account. Every forex trader must make use of the demo account if they want to succeed in forex trading business.

  6. #6
    Trader
    Join Date
    Mar 2013
    Location
    Am fuly awear of the difficulties of life,so ill try to bounce back
    Posts
    1,166
    Basically money management is mainly about handling your available funds properly or wisely,which entail using low lot size on entries,always applying stop loss on your entries,choosing a less risker asset based on market sentiment or investors appetite.and managing your funds requires decipline and patience.

  7. #7
    Banned
    Join Date
    Sep 2013
    Posts
    26,776
    I will accept this fact because the money management is a way to know if the trader is serious or not about his trading and it keeps the account of the trader alive and active, it is the way that will protect your money and make you to have more even when the money you are trdaing is low or the skills that you use.

  8. #8
    Trader
    Join Date
    Aug 2013
    Posts
    11,572
    training on money management plan should be done on demo account before trading in real account because the trader needs to calculate the risk ratio and divide it on the amount of pips that he want to make or loose and so this will help him to trade with low risk and so he will be able to protect his account and will survive in this market and make money for long time

  9. #9
    yes, I think that whenever we make a money management plan, then we should always test it on demo account ..because if there is any mistakes in it, then we will sort it out and make it better...without testing it, we will only suffer losses and can not be successful in forex trading.

  10. #10
    Quote Originally Posted by bangash4u View Post
    yes, I think that whenever we make a money management plan, then we should always test it on demo account ..because if there is any mistakes in it, then we will sort it out and make it better...without testing it, we will only suffer losses and can not be successful in forex trading.
    Appropriate advice, in which a demo account is supposed to be used to find the proper value in any we strategy. So we can not escape from a demo account. If you feel you want more serious, then create a trading journal. Which is then shared into this forum, so it can get 2 benefits. The first is the maturity of the strategy and the second is a gift to be received.

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •