It is because like i always mention, most forex traders can make lots of money in a day, week, or month. But to eventually lose it all. One of the reason lies in proper money management. That is plain hype and all professional forex traders will know that it is not feasible.
Forex Risk Management — How much risk per trade do you think they are risking? And to achieve such a feat. Which in turn has subconsciously affected their risk appetite and greed level. This is precisely why you will need to have a right forex mentor or coach when you start to dip your toes into forex trading. As mentioned in the part 1 of the series of forex risk management. And in this part 2 series.
I will teach you how to calculate the correct lot size to trade based on the risk percentage per trade that you have decided. Forex Risk Management One way is to use the following tool: Forex Position Size Calculator As seen in the screenshot above.
By measuring the entry point to the stop loss point which you will set. So the above is a way to calculate the correct lot size per trade. This is the way to go if you want to make forex trading a success.
As a forex trader myself, i do understand that the above process will take quite some minutes. In the next part — Part 3 of the series of Forex Risk Management. I will show you the fastest way to do the above calculation. Within split seconds, you will be able to get the lot size you want.
See you on the next series of Forex Risk Management. Risk management part 3 professional forex tool. I must be a very lucky woman to have come across you and your site! I have learned a lot and gained a lot with your free tutorials.
How much more when I purchase your videos and be there in SG for the one on one coaching? Going to SG is definitely included in my bucketlist now so I can see you and be your student! You are a great mentor. Thank you very much.. Your email address will not be published. Sign up to our newsletter! Forex Risk Management — How to calculate the correct lot size in forex trading Forex Risk Management One way is to use the following tool: Next Post Professional Forex Tool.
You are very much welcome. Appreciate you thanking the time to write that comment. Hey the link for the professional Forex tool is down. Leave a Reply Cancel reply Your email address will not be published. Learn forex trading from lifestyle forex trader.
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