Category: 1. Money Management Forex Guide

Understanding and using a smart drawdown level can help stop you from blowing your account or putting huge chunks in it. You may decide that if you lose 25% of your account, it is time to take a break and work out what is going wrong. You may decide to move back to a demo account to…

The best way to ensure you are staying on track with your money management strategies is to create a clear rule set and money management plan. This money management plan should include; #1: Calculate Your Acceptable Risk Per Trade There are two common methods to working out how much you want to risk per trade.…

This is another simple strategy that should always be followed but is not. Using a smart stop loss can ensure you have small losses and then capitalize on your winners. The best stop loss placements will be at levels where the trade has failed, and instead of having a large loss, you cut it quickly. Calculate Your…

Some straightforward and easy-to-follow money management rules can immediately help your trading. Only Risk Money You Can Afford to Lose This should go without saying,  but it is not always followed. Trading can be risky and you should only risk money that you can afford to lose. If you have to use money that you…