USING THE SYSTEM OF MONEY MANAGEMENT WITHIN THE AUDUSD PARITY
Authors: TUREAC, CORNELIA ELENA; PUSCA, ANDY CORNELIU; ANDRONIC, BOGDAN; FILIP, CONSTANTIN
Source: International Journal of Management Cases, Special Issue: CIRCLE Conference , pp. 126-133(8)
Abstract:In this article we want to emphasize the importance of using the system of money management within the AUDUSD parity. The efficient use of a system of money management facilitates the long-term maximizations and in the same time and the limit of losses, independent of the degree of efficiency of transactions. The money management being a problem of probability statistics is essential, and the efficient administration of the count in the idea of small loss in the case in which the strategy does not work it makes the difference between gain and loss. The investments are a fight with the probability nothing is certain regarding the future evolution of the course. The research method consists in using literature of specialty, using the trading program XTB Trader and using the methods of controlling the transactions and of their volume through the Stop Loss and Take Profit orders within the AUDUSD parity. In conclusion, In conclusion, the money management is destined to keep in game the investor, despite his losses. It is well known that there isn't trading without investments in losses. Therefore in order to survive financially it must that the total of the gains to be greater the total of losses.
Document Type: Research Article
Publication date: January 1, 2012
- The International Journal of Management Cases (IJMC) developed in 2002 from its predecessor The Journal of Management Cases, and present case studies across a broad range of management disciplines. The IJMC is the official journal of the CIRCLE Research Centre. CIRCLE (Centre for International Research Consumers, Locations and their Environments) is a virtual research group spreading over 70 universities.
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