Money Management Template

Hi all,

I'm new here just like to share with you a template that i created for my trades. I have not personally used it yet but i guess this could be further enhanced by the experienced traders here. Its written in a simpl eexcel file.

You are required to enter values in the fields that are boxed up. I believe this is a good way for us to manage our day to day trades, before we actuall enter our position and guage our costs and risk. Base this on any currency u wish to. For my case USD.

Jest

Just risk 2% of your account when having trades on and you will be fine. no need for excel spreadsheet though they are good . its usually said earn your right to trade big lots donot buy your way to it

Agree. I also used spreadsheet earlier. But with the risk level on mind no need that now

Money management is the most difficult thing in the forex market. Many traders lose their investment because of their wrong money management strategy.

If you do not follow money management, you will never be able to make money in trading. Money management is the backbone of trading.

It is possible to gain a lot of profit with a small deposit if you have the proper knowledge. Trading education can only help you develop skills.

Choosing a good and reliable broker is difficult especially for newbie. New trader often encounters scam broker and loss lot of money.

can you please make sure what actually credible and and reliable broker do you think ?

a reliable broker is a broker which first of all make sure security of funds with a wide range of trading technologies. and they always ensure best trading environment for using any kind of trading strategy by providing lowest trading spreads.