OMGTrader, You bring up a valid point. To my knowledge, the US has made the maximum leverage 1:50. That has created a need then for greater capitalization in order to trade the position sizes a trader might have been used to. Adequate capitalization ...

What Is "Proper" Risk/Money/Trade Management?

Now let me ask, how many traders enter a trade with the size of the position they intend to trade with then add a stop for protection and then wait to see what the market does with it? That could be the way the majority of traders do it...and that's ...

What Is "Proper" Risk/Money/Trade Management?

Hi Krypty, Thanks for posting. So much to cover, just trying to get a little footing from which to branch off. We'll cover those and other approaches. Maybe other traders can drop a suggestion in too as to a method we can discuss. Take care, FX4

What Is "Proper" Risk/Money/Trade Management?

Thought I should mention this here....a cash stop of 10 pips (as in our example) in the middle of the line of fire is not a good idea. Stops shouldn't just go anywhere and in some cases, there is a better time to place the stop than others. What do ...

What Is "Proper" Risk/Money/Trade Management?

Given the fact that there are many dynamics involved here, let's just start with a simple scenario. A trader opens an account with $1,000.00 US. What kind of risk/money/trade management should they use? Starting with the more common scenario of ...

What Is "Proper" Risk/Money/Trade Management?

I like this post from Hanover as it would help in our discussions going forward. Here's the part I especially liked: With trade management, unless your decisions have statistical or technical basis, they are effectively nothing more than a 'feel ...

What Is "Proper" Risk/Money/Trade Management?

So, assuming you have a good trading approach in place, how should you "allocate" your trading resources? How much risk should you take? Now those are million dollar questions. It is said that professional traders would generally not risk more than ...

What Is "Proper" Risk/Money/Trade Management?

Now, any trader looking for a decent short in that gold rectangle because they saw a red candle is asking for trouble, regardless of their "ideal" Risk/MM strategy. Your risk management starts with how you approach price action (PA) and the chart. ...

What Is "Proper" Risk/Money/Trade Management?

A Simple Definition of Risk — Got this from Wiki...emphasis mine. Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome). The notion implies that a choice having ...

What Is "Proper" Risk/Money/Trade Management?

What is "Proper" Risk/Money Management? — To start this off, without getting into a specific method just yet, I think most if not all traders would agree that the best approach is to make the most amount of money with the least ...

What Is "Proper" Risk/Money/Trade Management?

Another key article on Trading Psychology by Jeffrey Kennedy...Five Fatal Flaws of Trading. FX4

It's A Heart-Mind Game... Are You Ready?

First saw some articles by Jade Gate on a thread on FF. Part 3 of the article Top Ten Tips for Forex Success covers the trader and the temperament needed. Parts 1 and 2 are also great. Enjoy, FX4

It's A Heart-Mind Game... Are You Ready?

Subby decided to take the month off to get some things out the way and get himself ready for the challenge. He thinks he's ready now. He also believes this could be his big break. June is it! FX4

It's A Heart-Mind Game... Are You Ready?

Hello Traders, Saw the first two parts of this article on a thread at FF. Thought it might help some in their pursuit of profitability. Part 3 of the Top Ten Tips for Forex Success by Jade Gate takes a closer look at the trader. FX4

Are you a consistently profitable trader?

Hi Dongsky, Found this on FXStreet...looks like one place it might be on the web....The link goes to Part 3. Parts 1 and 2 are also available there. This article is taken from the Forex Journal (August 2009 issue). The author, Jade Gate, is a ...

My trading journey

First, the previous results. The results in red were through April 15, 2012. Yes, I am currently. ................................... ......... image 39 51.32%............................. .66 43.14% No, I have never been. ...

Are you a consistently profitable trader?

Hi Tunera, I am sure anyone who trades will agree with your statement (to some extent): it doesn't exist "consistent profitability", nothing last forever, this is a universal truth. If "consistent" profitability doesn't "exist" much less last, then ...

Are you a consistently profitable trader?

This survey is really targeting the typical retail forex trader who trades on a daily basis for the most part. Exceptions are just that...exceptions to the rule or the norm. I presume that is how most retail FX traders trade. A simple poll such as ...

Are you a consistently profitable trader?

Hey hey hey...congrats !!! That time has included much learning, frustration, losses, euphoria, stress and a bit more frustration... No joke on that one for sure. Yes, they must all meet.. I think you just need to find what you are ...

Are you a consistently profitable trader?