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Thread: Money Management for New Traders.

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    Member tanvir1979 is an unknown quantity at this point tanvir1979's Avatar
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    thanks for your detailed explanation. Money management is one of the major issue in Forex Trading. Lack of knowledge about money management caused more risk. Your comments are so helpful for a new trader.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by blzblz33 View Post
    Just 4 things:

    1. Maintain a fixed percentage of Account Balance for Calculating your lot size. More easier you can open any size of orders if you have for example 1000 pip backup, just like 10 cent per pip for 100$ balance and it is widely used.

    2. Risk a fixed percentage of your total balance on each trade. Mostly used is 3%, like 3$ for 100$ account balance. So if you want to setup your trade now for 100$ account balance use 30 pip Stop Loss or Tolerate 30 pip loss per trade.

    3. Third is how many Consecutive loss trade you might tolerate on a single trading day. Mostly used 2. It means if you loss 2 consecutive trade just stop your trading for that day.

    4. Don’t change your money management system after one or two day of suffering loss.Blindly follow a fixed money management rule for your everyday trading. It will ensure your fund safety and getting consistent profit

    Revision: For every 100$ account balance open 0.01 Lot(micro lot), use 30 pip stop loss or close your trade in 30 pip loss and if you loss 2 trade consecutively then don’t open any new trade on that day to recover your 60 pip. Most importantly don’t change your money management rule for that 6$ loss.

    “If you use proper Money Management then any Basic, Simple or Advanced strategy will make money…”

    Thank you.
    Money management and risk management are both quite compulsory in forex exchange trading business for the new traders. We can use lot size, leverage and risk reward ratio to successfully calculate MM in our trades

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by blzblz33 View Post
    2. Risk a fixed percentage of your total balance on each trade. Mostly used is 3%, like 3$ for 100$ account balance. So if you want to setup your trade now for 100$ account balance use 30 pip Stop Loss or Tolerate 30 pip loss per trade.

    This is a golden rule but really hard to follow for new traders because most of new traders start with little capital and with that capital its not possible to trade while using recommended precentage like many of seniors recommend to trade with 2 percent of your account but a new use due to little capital trade with more that 10% if his capital which bring more difficulties/risk.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    thanks for sharing good thing.
    money management is very big problem in forex market. forex trader are good for making profit but leak of knowledge of money management they fail.
    i use 1% risk for my trading.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    This is a nice and simple way of talking about money management. However I would say that you also need a good strategy. You cannot just use any strategy with good MM and make it work. You need both parts - strategy and money management - three actually - you also need the psychology to hold the trades.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member biyen will become famous soon enough biyen will become famous soon enough biyen's Avatar
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    One of good MM are avoid over trading can mean taking too many trades at a time, thus increasing your risk exposure to the market. It can also mean trying to chase pips all over the market by placing too many trades in a day, especially after a losing run in an attempt to get back some of what was lost. Either way, you run the risk of losing big.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Money Management for New Traders.

    Just 4 things:

    1. Maintain a fixed percentage of Account Balance for Calculating your lot size. More easier you can open any size of orders if you have for example 1000 pip backup, just like 10 cent per pip for 100$ balance and it is widely used.

    2. Risk a fixed percentage of your total balance on each trade. Mostly used is 3%, like 3$ for 100$ account balance. So if you want to setup your trade now for 100$ account balance use 30 pip Stop Loss or Tolerate 30 pip loss per trade.

    3. Third is how many Consecutive loss trade you might tolerate on a single trading day. Mostly used 2. It means if you loss 2 consecutive trade just stop your trading for that day.

    4. Dont change your money management system after one or two day of suffering loss.Blindly follow a fixed money management rule for your everyday trading. It will ensure your fund safety and getting consistent profit

    Revision: For every 100$ account balance open 0.01 Lot(micro lot), use 30 pip stop loss or close your trade in 30 pip loss and if you loss 2 trade consecutively then dont open any new trade on that day to recover your 60 pip. Most importantly dont change your money management rule for that 6$ loss.

    If you use proper Money Management then any Basic, Simple or Advanced strategy will make money

    Thank you.

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