Hi friend, Iam new in forex(Two month only). Iam trading with price action. I know leverage is a sword, can be hit you or your broker. Money management is a technique for maximizing ur profit with reducing loss. Well i know we should use our 1% or 2% account money(depend on your leverage) to open a position. Stop loss and target is depend on your win ratio. Suppose Your lose 2 trade and win only one then if your stop loss is 30 pipes than target will be 90 pipes or more.
Now take a look here -
If your account is increasing with 20% per month and suppose you start with $10000.
After 5 month it reaches 20000.
Then (after five month) 40000.
When year complete $56000.
Can you suggest and share more good strategies of money management ?
Now take a look here -
If your account is increasing with 20% per month and suppose you start with $10000.
After 5 month it reaches 20000.
Then (after five month) 40000.
When year complete $56000.
Can you suggest and share more good strategies of money management ?
Let's trade together.