Hi Rayner,
Nice post on position sizing and money management. In your experience, did you always start with a 1% risk exposure? I am currently figuring out whether it will be good to scale down my risk during bad streaks and scale up during good streaks. Also do you take equity off after every year or do you continue to trade with your ending account balance while maintaining the same % risk exposure? Thanks.
Your Equity EUR USD GBP CHF JPY. Buy Sell AUD-JPY AUD-USD CHF-JPY EUR-AUD EUR-CAD EUR-CHF EUR-CZK EUR-DKK EUR-GBP EUR-HUF EUR-JPY EUR-NOK EUR-NZD EUR-PLN EUR-SEK EUR-USD GBP-CHF GBP-JPY GBP-USD NZD-USD USD-CAD USD-CHF USD-CZK USD-DKK USD-HKD USD-HUF USD-JPY USD-NOK USD-PLN USD-SEK USD-SGD USD-THB USD-ZAR XAU-USD Entry: In order to respect your money management you have to take the following position: Advertise here Related Links Money Management Article Position Sizing Calculator Fibonacci Calculator Pivot Point Calculator Pip Value Calculator Trading Services Reviews addthis.
To excel in a forex trading career, you will need to be comfortable in a high-stakes environment and prepared to handle appropriate levels of risk in your trading. With large amounts of capital and assets on the line, having a calm and steady demeanor in the face of ebbs and flows in currency markets can be helpful.
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