Submit by James UK 19/07/2013
Money management is extremely important to being a successful trader.
Without it, you will rarely succeed in the long run. With your paid subscription, we will give our traders specific guidelines that should be followed according to their account balance.
As a rule of thumb, it is generally a good guideline to never trade more than 10% of your account capital.
When in a trade, you should never risk to lose more than 5 to 8% (absolute
maximum) of your account capital on one trade. That's saying, if your account is $ 25,000.00 and your margin is $ 500.00 per lot, you would not want to trade more than $ 2500.00 (10% of account
capital), or 5 lots. read more
Larry Williams money management Formula read more