OK. 30:8 Money Management.
History:
I was a Private Fund Trader.
Had ~ 3.5 Mill at my disposal.
Developed a {"No WIPE OUT"} method that could prevent me from having to stand up in front of the investors {pretty hard hitting Business w/men} and say...
It's gone. Sorry. Good luck in your future.
The 30:8 Rule:
No more than 30% of Account exposed to Margin. Inclusive of ALL Open Trades.
No more than 8% OF THE TOTAL 30% exposed to One Market.
I consider FX as One Market.
Run the Numbers. (Mine are Old {10-15 years or so} but ) I still like them & apparently, so do some others.
We see Posts reccommending a 2% Risk Max.
Try this.
Multiply 30% x 8% = 2.4%
Hmm. I think I like these guys...
More to follow.
Risk is a Scary Scenario.
B