We're your best review guide

Financial management at Forex

Financial management at Forex Johannes Röll Visitors: 399 ★★★★


In a modern economy, financial flows are the main object of management at any enterprise, since every economic decision is directly or indirectly related to the movement of funds. Therefore, most managers in one way or another have to interact with financial services in the process of implementing their functional tasks.

Money Management Explanation

In this regard, knowledge of the basics of financial management today is necessary for every middle and top manager of management for a deeper and more comprehensive understanding of the problems facing his enterprise and effective performance of his functions.

Finance is a specific area of economic relations associated with the formation, distribution (redistribution) and use of funds of funds.

Money, as the material basis of financial relations, plays a vital role in a market economy, expressing and harmonizing the interests of its participants, and also acting as a universal value equivalent.

The fund of funds is understood as their separate part, which has a designated purpose. The money held in such funds is called financial resources.

Currently, the management of financial resources is one of the main and priority tasks facing any enterprise. The priority of this direction in the system of enterprise management goals is due to the fact that finance is the only type of resource that can transform directly and with the shortest time interval in any other: means and objects of labor, labor, etc.

The rationality, expediency and efficiency of such a transformation largely determine the economic well-being of the enterprise, as well as all subjects interested in its functioning: owners, employees, contractors, the state, society as a whole.

The key role of financial resources in a market economy makes it necessary to separate the functions of their management into an independent sphere of activity - financial management.

Financial management is the management of financial resources and financial activities of an economic entity, aimed at implementing its strategic and current goals.

Broad and multifaceted in its content, financial management can be viewed in a variety of contexts:

Financial management as a scientific discipline is a system of theoretical knowledge, concepts, models and developed on their basis applied methods, techniques, tools used in the process of making management decisions.

The theory and practice of financial management are in continuous development, responding to various changes in the economic environment.


Johannes Röll
Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

Comments 0

Recent Projects

Financial management at Forex

Tax havens for Forex trading: how to legally save on taxes

In this article we take a look at some of the low tax countries that may be of interest to those looking for ways to reduce their tax liability by trading Forex.

Financial management at Forex

Forex trading and commodities trading: Forex or commodities?

This article discusses the main differences between commodities trading and Forex trading, as well as factors to consider when choosing a market to trade.

Financial management at Forex

Are Renko charts profitable?

Renko charts are a type of technical analysis chart that is used by traders to chart price movements in various markets, focusing on price movements.

Financial management at Forex

Information sources for investment education

First, you must decide how much time, effort and money you are willing to invest in learning and investing. The more active you trade, the more knowledge and skills you will need.

Financial management at Forex

Introduction to Weekend Forex Trading

If you are interested in the Forex market and are already familiar with the concept of exit trades, you are probably wondering how they work and how to respond to them. There is no denying that exit trades present unique opportunities and risks for traders. In this article, we will look at how Forex trading works over the weekend and what strategies can help you meet this challenge.

Financial management at Forex

Investments and stocks: how to choose the right one and make money in the market?

Investments and stocks are one of the most popular ways for many people to make money. But how do you choose the right stocks and invest in them to maximize your profits? In this article, we'll tell you how to choose the best stocks and how to properly invest in them.