While most traders focus on trading strategy and systems, some didn't focus on money growing strategy, so I post today my effort on money management plan to reach the million in easy and clear way.
The plan is based on levels and each level is based on making 400 pips with max lose 100 pips at the begin of each level to jump to the next level.
So if trader have a good trading strategy with small expected lose on trade and reward good profits he be able to use this money plan.
I will post in this thread my trading system in the future and updates on the money management plan.
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Profit case:
You will need 400 Pips to double your money and to move from level to the next.
Lose case & risks:
Losing 100 Pips bull you back to the half of the previous level
Losing 200 Pips bull you back to the begin of the previous level.
Trading Strategy:
This money plan to be trader with any strategy with small stop lose and good winning ratio.
Best Wishes,
Alaa Maanawi
The plan is based on levels and each level is based on making 400 pips with max lose 100 pips at the begin of each level to jump to the next level.
So if trader have a good trading strategy with small expected lose on trade and reward good profits he be able to use this money plan.
I will post in this thread my trading system in the future and updates on the money management plan.
****************************************************
Profit case:
You will need 400 Pips to double your money and to move from level to the next.
Lose case & risks:
Losing 100 Pips bull you back to the half of the previous level
Losing 200 Pips bull you back to the begin of the previous level.
Trading Strategy:
This money plan to be trader with any strategy with small stop lose and good winning ratio.
Best Wishes,
Alaa Maanawi
Attached File(s)
FX plan.xls
35 KB
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4,460 downloads
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Uploaded Jan 20, 2010 1:46pm