Money Management is THE most important part of the forex trading.

If you do not have a money management plan and follow it then you are highly likely to fail.

If you have no money left in your trading account, you can’t be a forex trader!

Our general money management rules are:

Never risk more than 5% (maximum) on any trade. With a smaller account of $3000 you risk 5% and then reduced this to 3% as your account grew. If you take two trades at the same time then 5% is the maximum exposure you should have for both trades.

ALWAYS , ALWAYS place a stop loss.

If you lose 2 trades in a row, reduce your risk to 2.5%

If you lose 3 in a row STOP for the day start again at 1.5% or go to a demo, BUT trade by the rules.

Once you get back to a 60%+ win ratio, go back to 5% maximum risk.

You should always start with a demo account. It helps you to learn how your trading platform works and make trades without losing real money.

Many people trade demo accounts very badly.

They start to trade with none of the discipline & trade management that they should use on a real money "LIVE" account. They enter trades and don’t place stop losses or targets.

They may have placed a stop and then moved it another 100 pips because they are convinced the price will be going back up or down.

The bottom line is that from day one on a demo account you need to use your money management rules. If not there is no point. You will have bad habits that when transferred to a “live account” will wipe your account out very quickly.

A critical part of forex trading is to not lose your trading account.

Many new traders lose money.

This does not have to be the case. We can assist you through the process of navigating the forex trading market.

There is a "strange psychology" that comes in to play where you are, say $1500 down on a trade.

You now may have $500 left in your account.

Mentally you seem to "write it off".

You now ignore all the rules and keep going for the “big one” to win it all back. With no risk management or money management rules to guide you in the process.

We have seen this in with many inexperienced traders.

You know you should get out of a losing trade, but the urge to “win it back” dominates your thinking at the time.

This process is very easy to learn. All it takes is commitment.

Revenge trading is a very dangerous habit you must learn to avoid.

Most new forex traders quit when they initially "lose their account". They just KNOW that there is money to be made in forex trading, but they just make a success.

WE CAN ASSIST YOU IN BUILDING THE DISCIPLINE TO BECOME A SERIOUS FOREX TRADER BY SHOWING YOU EXACTLY WHICH TRADES WE TAKE AND ACTIVELY MANAGE THE TRADES DURING THE ENTIRE TIME THAT THESE TRADES ARE OPEN ON THE BOOKS.