Hi to all:
I have a question about Money Management in gerneral:
1)
Is: 1 news = 1 position? (e.g. 1% of the available margin)
Even when I trade this news with 3 currency-Pairs?
or would it be better to calculate:
1news = 3 positions (3 currency-Pairs) / respectively 6 position including hedging?
3 positions = 1% of the available margin
2)
when I trade GBP news with 3 positions and USD with 6 positions:
should I trade each position about the same amount? => GBP 1% of the available margin / USD 3% of the available margin
So a USD trade has double risk and destroys all wins on GBP?
Or would it be better to trade each news about the same amount?
So each news are equal but my trading amount of each currency pair in GBP is as double high (1%) as in USD (0.5%)?
How do you handle it?
I´m looking foreword to hear of your experienes
Chris
I have a question about Money Management in gerneral:
1)
Is: 1 news = 1 position? (e.g. 1% of the available margin)
Even when I trade this news with 3 currency-Pairs?
or would it be better to calculate:
1news = 3 positions (3 currency-Pairs) / respectively 6 position including hedging?
3 positions = 1% of the available margin
2)
when I trade GBP news with 3 positions and USD with 6 positions:
should I trade each position about the same amount? => GBP 1% of the available margin / USD 3% of the available margin
So a USD trade has double risk and destroys all wins on GBP?
Or would it be better to trade each news about the same amount?
So each news are equal but my trading amount of each currency pair in GBP is as double high (1%) as in USD (0.5%)?
How do you handle it?
I´m looking foreword to hear of your experienes
Chris