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Thread: good technical analysis or good money management which is more important

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    good technical analysis or good money management which is more important

    as a newbie i have done a lot of demo trading to perfect my technical analysis becos i believe that only accurate analysis can give trading success but i recently read somewhere that money management is more important to learn than analysis. Is this true? And what exactly is money management?

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    we cannot make choice between this two kind of trading system/forex strategy, because placing of this two kind of function is different but having a deep correlation. A good tecnicala analysis without a good money managemen make you loose before you got profit cause of MC. Without a good tecnical analysis, a good money managemen will not working to get profit

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    good technical analysis and Money management both are important factor in Forex trading . With both are intact you can expect good profits . Personally I feel money management has edge over technical analysis in a way it is some times uncontrollable where as money management is controllable till the end.

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    the technical analysis is very important because it approximately gives you the idea of the trend of the market and by the help of this you can make a successful strategy to trade in the market.

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    Quote Originally Posted by bindian View Post
    the technical analysis is very important because it approximately gives you the idea of the trend of the market and by the help of this you can make a successful strategy to trade in the market.
    absolutely right that says a lot if we can master the technique of technical analysis is very good for our trading activities and we can have good advantage of this technique and I think we can benefit if they could control it well.

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    I am also a newbie here and from my understanding i think both technical analysis & money management are so much important for our trading & success and we can not avoid each of them. So, we need to learn both of them accurately.

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    I think that the both analysis are so good and they both has a serious functions as far as forex market concern, this two analysis is working together so all of them is good.

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    i think we need to the both . we cannot use technical analysis only without money mangement because we cannot control risks alone put we must use manage of the money and the technical analysis make us predict the direction and under stand the market good

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    Both good analysis and good money management are equally important in forex exchange trading business. We must try to learn everything that is an information about forex trading business and then trade with it.

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    Use a simple indicator, or oscillator indicators do not look for the most perfect. It does not exist! understand what you want as a trader and learn to be a confident person. There is no harm in listening to others, but you are the people who bear the losses due Tranding you run. So make sure you know why you do the transaction "

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