FOREX Training Course - lesson 3 : (Money Management)

http://www.fxtrainingzone.com :: This is a video overview of Money Management, risk, stop losses and cognitive bias. It covers a range of tasks you should consider before becoming a full time trader.

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[sionsmith]

Money management is so important when forex trading. I hear it all the time, people who have taken months to build up there account & lose it in 1 or 2 days! Dont let it happen to you!!!

[sionsmith]

Thanks, its something which not many traders are aware of but in my mind is just as important as learning the markets.

There are so many signal companies out there, which just tell you when to buy / sell without explaining why or their views on money management. The next video is going to be all about stop losses I think, and where to put them :)

[akhalajd]

great work bud

[TheRouletteBreaker]

Very nice lesson,so as you said the bankroll is very important.

Like your vids. :)

[BudistaslLT]

great vid

[indiaforextrade]

The most important factor which affects the profitability of any signal provider you set in Zulutrade is to choose the optimum stop loss value for that particular Signal Provider (SP).

Now money management is so easy with our software The "catch" to test with our software and find the right signal provider and use custom limit/stop settings. Here is A tool to find out the optimum stop loss value for any Zulutrade Signal Provider. visit

autotradefx.in/sl/

[indiaforextrade]

The most important factor which affects the profitability of any signal provider you set in Zulutrade is to choose the optimum stop loss value for that particular Signal Provider (SP).

Now money management is so easy with our software The "catch" to test with our software and find the right signal provider and use custom limit/stop settings. Here is A tool to find out the optimum stop loss value for any Zulutrade Signal Provider. visit

autotradefx.in/sl/

[swtbts1123]

I frequently stay in hotels for work. Hotels = horribly unreliable internet connections. Very important to protect yourself with a planned out stop. I've been lucky so far.

[skantha75]

Sorry, I had to post in pcs please read from my first post from bottom,

To me greed is breaking your own rules when you start the trade you deside to take 50pips and you dont close when you have the 50 pips to close or you increase the risk%

I can keep on listing the braking of rules all this happen if you become greed due to loosing or wining more than you expected.

Any way you did a good job to post this video

[skantha75]

About Greed you mentioned you dont take profit when market clearly says you have to. Now my view is market never give any indication or tell you have to close the trade for example if you trading on 1h chart if you see price reversing this could be a retrasment in 4h chart. If you jump the gun to close your trade this applys to the second point you made fear of loosing the profit.