while we got some time i would like to share the model for which i do money management which is vital to surviving this business. first let me say a few things there is long term trading which is hold an equity for months and years, intermediate is weeks and months and short term is days and some time weeks when it comes to day trading and thats what this is no matter what method you use its all scalping the market. whether you trade 1 minute charts or 4 hr charts its still scalping which realy means grabbing a piece of the fluctuations of the market. there are many methods to do this but unless you know this you will not know how to manage the money. the only thing a trader knows 100% of the time before he puts on a trade is this how much is he willing to risk if he is wrong. thats the only thing we know we are looking for high probability setups but still its not 100% i personaly risk between 3-5% per trade. you might ask why 3 and not 4 or just 5. sometimes stop is 40 pips so in that case its 4% on gbpjpy its 5% on the ones where i can have a 30 pip stop its 3% except for the gbpjpy i look to get 30 pips now some may say poor risk to reward when scalping how does rr take place since the stops are always different etc. my trading style is solely based on wins and loses so if i have a 40 pip loss and 3 30 pip wins i am plus 50 well enough about that lets get to the mm. lets use a starting balance of 10000 which is how i started. lets say you average 100 pips a week of 400 a month start trading at 1 standard lot or 10 minis thats 10.00 a pip ( i know the crosspairs are a little less you can adjust with 1 more mini lot) so 400 pips times 10.00 is 4000 so now after 1 month you have 14000 so 3% of that is risking 420.00 so start trading at 14 mini lots or 14.00 a pip you can make adjust each wekk i do it at the end of the month. as you can see this begins to mushroom where you can begin to draw a salary after 3 months of 3000 a month and each month after you can increase . now lets not get visions of granure this is hypothetical but possible if you plan your trade then trade your plan and dont deviate from it enough for now