Money Managment

Just wanted to know what money managment you guys use to bet , I know some analisys and some luck are important , but you know , without MM , you are in and out within 1-2 days.

For Begginers - What Is Necessary In Forex Trading

First of all , I would like to say I'm glad I'm able to be here and teach who is begging in this wonderfull market.I trade Forex for 3 years , and I think I have passed trought almost all phases Forex begginers passes , so I know how you fell excited right know , you will try to use as much leverage as you can so in some days you will loose it all.Don't worry , because it is normal , sometimes you will want to quit , it is normal , sometimes , you will be searching for strategies at forex factory , but forget about the money managment and the discipline.Let me explain what is needed :

Mind

Discipline

Plan your entries and exits , use SL and if you want use TP , always do your math before so you calculate the time when you have to come back and close the position , choose a time frame and confirme it at least 3 times , be patient.

Money Managment

Wihtout porper money managment you can get in and out of the market as a crazy ciclist gets his ass dirty , so please use no more then 10% of your account , this depends on how much you can risk per position , put like only 1 trade a day , don't be crazy trying to revert bad trades , this is for you to learn , instead , learn with your mistakes.Don't be afraid to tell your losses , without them , successful trades wouldn't exist , every trader must pass trought losses and learn from them , don't ignore this.
For begginers 5-10% a month is fine , for medium traders , 10-15% and for experienced trades , 15-20% - this will depend on you


Money

At first you must start with low to test the markets , just test and learn , just like $10 bucks or more.Then as you get experienced you rise this ammount but please don't start to trade sriously with low ammounts.Get enought margin to risk 1% of your account if necessary , and enought so you don't get pissed of if you win a little bit in the month.

Method

This part begginers consider the most important , but all three M's have the same importance , so please , find your strategy with indicators that better suit you , and when possible (you have news almost every day) put togheter technical analysis and fundamental ones , it's the best way I can tell you for more certain profits.

Finally , please don't igonre the Mind , Money , Method , all three are important , pe persistent , do never give up , and I wish you good luck

If you have any doubts , please PM I will be happy to answer you , if you want , leave your msn so it's better to chat bout those subjects.
If you are a begginer and don't know what to do , do the thing above


Good luck and good trades for all (use more intelligence then luck )

Forex Manager Service

Well , I am starting this demo so everybody can see how I perform , as you know success in Forex comes with discipline strategy and a proper money managment , I won't runaway with non of three , and if you are interested in me managing your account , please let me know , the minimum I accept is $1.000 please understand that that way is better because of the margins.I will accpet Liberty Reserve only.

Here you can see my acc :

Lite Forex Sig-Demo.com
1000424821
meti8xj

If anyone has a problem with seeing the acc please contact me and if anyone is interested , please PM me cause I can't PM you since I have just registrated in the forum.

Good trading for all

Please search for my topic for forex begginers