Forex Trading Money Management and Lot Size Positioning
Money Management in forex trading is the same as any financial investment philosophy. Don’t risk what you can’t afford and only risk what you can live without. That’s the real number one rule but we have strategies and rules that we put in place to not only protect us but also to enhance our returns so that they are more than what we risk and put on the line.
Below are some videos explaining what should be done to keep in line without money management and turn you into a successful profitable trades. A younger Andrew Mitchem in the first video explains what he teachers his students and he mentions 48 countries which you’ll find it’s about 88 countries to date in 2020 and going strong, a true testament to how evergreen the strategy is. If you haven’t checked what Andrews, The Forex Trading Coach Course can do for you, then click on the join button below and make sure when you contact him to tell him that I sent you. If you decide to take the course, mention my, JALBY code and he will give you $100 off the cost.
I’ve added the date to each video so that you can see that the information is still relevant to this day. Enjoy the video selections.
Forex Management Rules
May 4, 2014
Calculating Correct Position Sizing
May 13, 2018
Link for Andrews Free Lot Calculator. It is in the Free Training tab.
Having Separate Accounts
This is a very good video explaining haow much money you can invest in your forex trading account and a very good lesson to learn on what can happen with any broker.
Feb 3, 2019
Protecting Your Capital
Nov 10, 2019
Thaese are just a few fine videos about Money Management and proper trading through position sizing and fund diversification through a number of brokers. I hope you found them useful and if you’d like to learn more about trading and trading successfully, visit The Forex Trading Coach website and contact Andrew. Make sure you tell him I sent you and if you decide to take the course, mention my, JALBY code and he will give you $100 off the cost.
Feel free to contact me by email at email@example.com if you have any questions or simply leave a comment below.