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September 14, 2009

Money Management

I have found that many beginners in Forex traders don’t use money management. Many of them don’t know how to calculate and manage their trades. For a beginner that is a problem. He will get into a trade and when those trades turn against him, he looses all his money. After a couple trades, he as no more hub left.

So how do I calculate my trades? Here is a simple and easy way to do this. Many traders are risking only 5% of their hub. Others are using a 2% hub risk. You need to know how much are you prepare to loose if a trade were going against you.

Filed under Uncategorized by delcor

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