Without good quality strategy, Money and risk management is USELESS - Page 75
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Thread: Without good quality strategy, Money and risk management is USELESS

  1. #1
    Trader Lyon's Avatar
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    Without good quality strategy, Money and risk management is USELESS

    In forex trading we are been taught of money management, of course!, we need to have good money management so that we don't loss all our money in the market.

    Money management is the rightfully investing of the amount of money you can afford losing. Which means, if you have $10,000 to your name, meaning that is all the money you have, you should be wise enough not to invest all, that means, invest 10- 40 percent of it, which is $2000-$4000. You still have some money left. That way, you don't loss your shirt.

    Risk management is risking the right amount of money on each trades. Some will argue that you don't take more than 2 percent risk per trade. That means if you have $1000 capital balance, if you are to buy EURUSD, your stoploss should not exceed a total dollar value of $20 which is 2% of $1000.

    So when you loss even 5 trades on a role, you only lost 100 because $20x5=$100. So you loss less right?

    But all those above illustration on money and risk management are all useless when you don't have a strong quality trading concept/strategy and discipline.

    Therefore my message is that, we need to pay more attention to mastering and learning a good trading strategy and discipline because then we can reduce the losing trades we will take and that will help our money and risk management protect our account.

    Because when your strategy is wack and you lack discipline, you will only loss slowly but surely you will loss all funds.

    Hope this helps change the way we trade.

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  2. #741
    Trader Batavia's Avatar
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    Those are very important to be used in this business without it all our trade will be not work or not proper. Most of traders who have management and risk managemnt their have a good result.. just remember we are traders we trade for living not for speculation so we must to have management for better result.

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  3. #742
    Trader Senorita's Avatar
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    I don't think so rather I think that good money management should come first if we are looking to make quality trade with time. You cant make money here for long when you have a bad management and this could have bad effect on your performance even when your strategy is good. It's your ability to manage your funds that gives you the possibility to grow it with profits. So we should realize that money management is not useless but important to help us fulfill success.

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  4. #743
    Trader Sascha's Avatar
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    Quote Originally Posted by Senorita View Post
    I don't think so rather I think that good money management should come first if we are looking to make quality trade with time. You cant make money here for long when you have a bad management and this could have bad effect on your performance even when your strategy is good. It's your ability to manage your funds that gives you the possibility to grow it with profits. So we should realize that money management is not useless but important to help us fulfill success.
    many tried to explain the importance and bad impact of not having them both for our trading. however it's always important to keep things up and working with them to get the best result from market. to be compared with importance and value in our trading system, i can also relate that money and risk management plays bigger role in our trading to manage our risk and reward ratio properly.

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  5. #744
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    Quote Originally Posted by Batavia View Post
    Those are very important to be used in this business without it all our trade will be not work or not proper. Most of traders who have management and risk managemnt their have a good result.. just remember we are traders we trade for living not for speculation so we must to have management for better result.
    I just see them as being important, the use of a good strategy is needed so as the use of the a good trading risk management, if we don't have them been used appropriately then we will not have a good trading strategy to be used. They are all important, however, risk management seems to be more needed.

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  6. #745
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    Quote Originally Posted by Makaveli View Post
    I just see them as being important, the use of a good strategy is needed so as the use of the a good trading risk management, if we don't have them been used appropriately then we will not have a good trading strategy to be used. They are all important, however, risk management seems to be more needed.
    risk management is need no doubt because if we have management if we have experience we can survive, if we do not management we can lose all in single order, so try to learn trade and make sure you have done proper management, quality of trading matter here if we work properly on it, so learn as much as you can, if you do not have proper learning you can lose like many

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  7. #746
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    If we must have a working system here, we should be very ready to plan on this trade and build a better risk management plan that will direct us to become successful. If we are truly going to deal with loss, it will be important and it will be a good one that can lead us towards making a winning trade. Good risk management is important and building such management will help see that we protect our funds properly while looking for the best market opportunity to follow.

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  8. #747
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    Quote Originally Posted by naeem555 View Post
    risk management is need no doubt because if we have management if we have experience we can survive, if we do not management we can lose all in single order, so try to learn trade and make sure you have done proper management, quality of trading matter here if we work properly on it, so learn as much as you can, if you do not have proper learning you can lose like many
    It is the appropriate thing to be done that we get to have a good risk management after having a good trading strategy that we are making use of. The two of them are so much important but a risk management should come into play when the trader has for instance gotten to know the kind of strategy they are using, for instance a scalper has a different risk management to a swing trader.

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  9. #748
    Trader Toyen's Avatar
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    Quote Originally Posted by naeem555 View Post
    risk management is need no doubt because if we have management if we have experience we can survive, if we do not management we can lose all in single order, so try to learn trade and make sure you have done proper management, quality of trading matter here if we work properly on it, so learn as much as you can, if you do not have proper learning you can lose like many
    The risk and money management is what i know that is good for traders, once you can manage your risk and money, you will get to be overcoming the losses in the market. I still believe that the risk and money management will be nothing when the trader is not trading with the good trading strategy, the trading strategy is the one that will lead the successful role for the trader's account.

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  10. #749
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    Quote Originally Posted by naeem555 View Post
    risk management is need no doubt because if we have management if we have experience we can survive, if we do not management we can lose all in single order, so try to learn trade and make sure you have done proper management, quality of trading matter here if we work properly on it, so learn as much as you can, if you do not have proper learning you can lose like many
    Most strategies are good but that the trader making use of it has lacked that use of good money management and risk management hence making them to make bad decisions and losing their money. Those who wants to become profitable trader they should really take the use of risk management seriously because there is no one strategy that can avoid losses so one time or the other, we will loss our money.

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  11. #750
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    Quote Originally Posted by Toyen View Post
    The risk and money management is what i know that is good for traders, once you can manage your risk and money, you will get to be overcoming the losses in the market. I still believe that the risk and money management will be nothing when the trader is not trading with the good trading strategy, the trading strategy is the one that will lead the successful role for the trader's accoun
    risk and management just can reduce loss it can save us from margin call from single order but it not means it will help us in earning, in directly it helps but not directly, so for this thing we need of some proper management and for earning we need of proper analysis, so from my opinion we need both things here if we have both we can do better, we can not survive well if we do not have properly both things

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