Forex Trading Dealing With Your Losses

You need to determine how much you are comfortable losing per trade, based on a percentage of your total Forex trading budget. Set it up so that a string of losses won’t stop you from trading for any length of time.

Do this, and you'll be smarter than 95% of the Forex traders out there who lose big time because they have no money management "rules" to go with their Forex trading efforts.
Here's an example of how a typical trader might act. If he had a Forex trading float of $1000, and began trading with $100 a trade, it would probably be acceptable for him to suffer three losses in a row. This would reduce his Forex trading budget to $400. He might then decide to bet $200 on the next trade, thinking he has a higher chance of winning after three loses in a row.

If he bets $100 on the next trade, his capital could be reduced to $250 dollars. The chances of making money now are practically nil because he would need to make 150% on the next trade just to break even!

If the maximum loss had been predetermined, and stuck to, he would not be in this position.
In this case, the reason for failure was because the trader risked too much money, and didn’t apply good money management to the play.

Remember, the goal is to keep your losses as small as possible while also making sure you open a large enough position to capitalize on profits and minimize losses.
With good money management rules in place, your Forex trading system will be much more successful and long lasting!

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.