Money Management for new traders.

[s4lm4nali]

Just 4 things:

1. Maintain a fixed percentage of Account Balance for Calculating your lot size. More easier you can open any size of orders if you have for example 1000 pip backup, just like 10 cent per pip for 100$ balance and it is widely used.

2. Risk a fixed percentage of your total balance on each trade. Mostly used is 3%, like 3$ for 100$ account balance. So if you want to setup your trade now for 100$ account balance use 30 pip Stop Loss or Tolerate 30 pip loss per trade.

3. Third is how many Consecutive loss trade you might tolerate on a single trading day. Mostly used 2. It means if you loss 2 consecutive trade just stop your trading for that day.

4. Don�t change your money management system after one or two day of suffering loss.Blindly follow a fixed money management rule for your everyday trading. It will ensure your fund safety and getting consistent profit

Revision: For every 100$ account balance open 0.01 Lot(micro lot), use 30 pip stop loss or close your trade in 30 pip loss and if you loss 2 trade consecutively then don�t open any new trade on that day to recover your 60 pip. Most importantly don�t change your money management rule for that 6$ loss.

�If you use proper Money Management then any Basic, Simple or Advanced strategy will make money��

Thank you.

[arsalan]

well dear nice thread apny achi explaination di hain money management ki hum sab chahen toe is information say best points collect kar k usefull way main use kr sakty hain
dear mainy sab note krlia hai or smajh bhi lkia hai main appreciate krta hun apni post ko.

[HASSAN]

Thanks ap na kafi achi info. di hai money management kay baray ma ya kafi had tak help ful hai q kay new traders is busienss ma loss is liya latay hain kay wo in ko follow nae kartay.

[Rakesh]

Nic thread bhai jaan aapne bilkul sahi baat ki hai ki money management or risk management 2 aisi cheeze hai forex main jinka hame kaafi khayal rakhna hota hai nhi to trader jyada high risk trading sai kuch dafa to acha munafa kama lete hai lekin ek din aisa aata hai ki sara amount loss ho jata hai

[ahmer]

Nice thread, Money Management buhat important factor hai aur new traders ko dekhna chaiye k un ka capital kitna hai aur us k mutabqi risk lena chaiye ager greed kereinge tu aapka capital bhi loss hojayega.

[Habib Ahmed]

money management is an important element in forex trading.for all those people who want to be a successful trader must have a strong money management system to avoid the risk of loss.strong money management will lead us to a big profit.

[azam143]

G ha dear ap nay bilkul thek kaha hy ap ki is baat say mein kafi agree karta hu money management say agar hum chahe to best information hasil kar ke ache tarike say trading may use kar sakte hain jnab mein nay is kay bare may sari information hasil kar li hy and is ko samjh bi liya hy.

[mibtisam]

nice thread sir ,this information is very useful for every one and me specially because i just started working in this forum ,this thread has made my knowledge about money management grow more. Thank You.

[danish765]

dear new trader k liye yeah bat hay k wo sab se phele demo account bana kar us ki kkhob practice karain phir es demo accountme apni money mangement kay process ko yad rakhain to real account me be nuqsan nahin ho ga.

[ad.ziea]

g ha my friend money management boht zarori step ha new traders ka lia ager ap ka pas acha knowledge ha to ap ko chaea ka sab sa pahla ap apna knowledge ko utilize kara money ko manage karna ka lia pher second step la.