Forex Money Management

Do forex traders need money management ?

Likely not because their trading system cannot make positive pips on any trades.

Forex Money Management

Start the money management process by finding a trading system

that produces pips.

Money management will be a genuine proposition after that.

Forex Money ManagementForex Traders Think They need

Money Management, They do not Unless Their System is Profitable

If Their System is Profitable then they need Profit Management

Forex Money ManagementIf a currency pair is consolidating and

then starts to move in the main session you can verify your entries

with The Forex Heatmap®.

The Forex Heatmap® is a money management tool.

Forex Money ManagementProfit Taking Rule of Thumb – When you are up X pips close out half of your lots

and move stop to breakeven.

Later check the trends, parallel and inverse pairs with support and

resistance. Should I stay in the trade ??

Forex Money ManagementPractice profit management live with

micro lots.Money management is much more

than setting and moving stops.Knowledge, having a system that

works, trading plans, entry management tools, demo trading, trading 28 pairs, occasionally not

trading mediocre signals – all good money management.