Money Management

Forex Money Management

[dropcap]H[/dropcap]ere is a fact that you hear in Forex Trading over and over.  Out of all the traders in the world, only 5 – 7% of them are successful.  Why so few you might ask?  Well I’ll tell you this;-  "It’s not because they trade with a super natural system designed by E.T.  No, they use normal trading techniques like everyone else.  It’s not because they have inside information on the market or market movers,... they have the same information as everyone else. [pullquote-right]I’ll tell you what separates the successful traders from the rest;-  "Its MONEY MANAGEMENT!".[/pullquote-right]  I’ll tell you what separates the successful traders from the rest;-  "its money management!".  Plain and simple, with the right money management you can have a trading system giving you 40% winners and you’ll still make a profit at the end of the day or month.  I’ve seen traders trading with a system giving them 60% winners, and they still can’t make a profit at the end of the month.  And then I’ve seen traders trading with a system giving them 40% winners, and they make a profit, time and again.  And it’s not because they are a “Nostradamus “or anything, it’s because they use the correct money management in their trading. So if you are struggling to make a consistent profit at the end of the month... try looking at your money management instead of looking for the next “holy grail” trading system. [hr]

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