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HI!
All the traders out here in the forum and also the visitor traders I welcome you all to my first thread in this forum.
And, I hope this will help you all in trading Forex and will show you the right path.
Every Experienced trader will tell you that you should follow only a minimum of 2-3% of risk on a single trade and you all the trader think that it is too small and you will earn very less profit.
I agree with you but what the most traders and the beginner trades don't know that you can increase your profits by risking only 2-3%. And this possible through ARS MONEY MANAGEMENT SYSTEM.
MFX MONEY MANAGEMENT STRATEGY :-
Rules of the system:-
1.) How much lot size you should trade ----> You should open a lot size in such a manner that you have 1000 pips left in your account
For eg:-
0.1 Lot for $100
0.5 Lot for $500
1.0 Lot for $1000
1.1 Lot for $1100 .........and so on. And one trade at a time. (Strictly).
**:- You can use two trades at a time only if you have 2000 pips left in your account and that is as follows:-
$2000 then you can trade as :-
Trade 1.) 1 Lot = 1000 pips
Trade 2.) 1 Lot = 1000 pips
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and so on.
2.) You should always place a Stoploss and stoploss should be place in such a way that you only loose 2-3% of your capital if it is hit.
3.)Move your Stoploss to breakeven when you gain the profit as much as your stoploss.
For example:- If you are trading on M15 timeframe and you place a stoploss of 25 pips and then you gained more than 25 pips then move your stoploss to the price where you opened the position (Breakeven). So, if the trade reverses back then you will have no loss.
4.) After you move your stoploss to breakeven then you have lift your Only one trade rule and you have the access to trade one more trade of the same lot size. You can trade with the same pair you trade earlier if you think that the signal is strong or you can even trade it on another pair.
Thus, MFX MONEY MANAGEMENT STRATEGY Doubles your chances of profit with only 2-3% of risk.
I Hope you all like my first thread in this forum and If the response is good I will come up with more good threads.
If you all feel that you have found something new money management technique then don't forget to Thank me
!!!!!!!!!!!Happy Trading!!!!!!!!!!!
Originally Posted by mazprofx
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