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FOREX Money Management TipsWhether you are a seasoned trader or new to FOREX, without a good money management it will be hard to ever make a dime. Good money management will be out a great trading system any day. Without knowing how to keep losses to a minimum will only...
Forex Tutorial - Start Right Here
If you are a beginner in the Forex market a great thing to look into would be a Forex tutorial. A Forex training is an excellent source in gaining knowledge about the inner workings of the Forex market. Through a good Forex tutorial a beginner can...
My FOREX Trading Strategy
Copyright 2006 Timothy Rohrer I ventured into the FOREX market a little more than 1 year ago. I have tried and tested many different types of trading techniques and styles. Most were failures and some were successful. From my experience,...
FOREX Money Management Tips
Whether you are a seasoned trader or new to FOREX, without a good money management it will be hard to ever make a dime. Good money management will be out a great trading system any day. Without knowing how to keep losses to a minimum will only jeopardize you’re trading efforts even if you have more winning trades than losing trades.
One of the worst mistakes traders make is trading without sufficient capital. This does not mean a trader has to have a lot of money to trade with, but enough to handle the movement in the market. The trader with limited capital will always be a worried trading looking to minimize losses beyond the point of realistic trading.
A good rule to follow is never risk more than 2% to 5% of your FOREX trading capital. Too many traders open mini accounts and begin trading heavily and end up margining out their accounts in a few months, if not a few weeks. Fore example, if a trader opened a mini account for $5,000, they should never trade more than $1 per pip. This way if a trade goes bad, the trader suffers a minimal loss.
Exercising discipline and following a specific trading plan is one of the most important aspects in FOREX trading. Discipline is also the ability to continue to trade your system even after you have suffered a loss. Emotional and revenge trading can easily wipe out entire accounts.
Sometimes it’s good practice to ignore the dollar amount in a FOREX account and interpret the number of trades in pips only.
Think backwards when trading the FOREX market. Instead of trying to make money learn how to protect what you already have. If in the event that a trade does not develop in a reasonable amount of time or the market begins to form an opposite setup, you should employ the strategy of cutting your losses short to protect and preserve your capital.
Always use a stop-loss when trading. This will stop your position when the market moves too far against your position. Save your money to trade another day or on another trading setup. Too often traders are convinced of where they believe the market is going and lose their sense of reality and begin to trade on hope. They remove their stop-loss and hope the market will turn around, only to lose more money.
Trade light and never risk too much per trade. When in doubt of a trade, stay out of the market and wait for the trade to come to you. Use a system and follow the system without breaking the rules. Traders who are consistent and follow a definite plan are the ones that make money in the FOREX.
Tim Rohrer is an established writer and trader. To learn more about Forex trading, visit http://www.forex-investing.us
Written By: Timothy Rohrer
 The Guardian | WORLD FOREX: Dollar Up As Greece, India Rate Hike Roil Markets Wall Street Journal TORONTO (Dow Jones)--Investors shunned risk-sensitive currencies and bid the dollar higher Friday after Greece's ... FOREX-Euro falls vs dollar as Greek worries linger Forex - Dollar mixed vs. rivals as US jobs data eyed WORLD FOREX: Dollar Soars As Greece, India Hike Rattle Markets |
 Globe and Mail | FOREX-Dollar rebounds broadly; AUD and CAD off highs Reuters ... dollar yet after getting done with major central bank events this week," said Hiroshi Maeba, executive director of forex trading at Nomura Securities. ... WORLD FOREX: Dollar Drops As Fed Kills Early Rate-Rise Hopes WORLD FOREX: Euro Down Vs Dollar, Yen As Asian Equities Weigh FOREX-Dollar falls vs most majors; euro off 5-week highs |
 istockAnalyst.com (press release) | Forex: Dollar falls further against European currencies NASDAQ Regarding the Federal Reserve decision on monetary policy, Nick Nasad from CMS Forex affirms: "All in all the statement lacked much in terms of surprise and ... Forex - Dollar mixed against rivals after US PPI data FOREX: US Dollar starts week strong. EUR/USD falls below 1.3700 Forex: Dollar falls across the board as FED leaves rates unchanged |
 France24 | WORLD FOREX: Dollar Weakens Slightly On Euro After Trade Data Wall Street Journal NEW YORK (Dow Jones)--The dollar weakened slightly against the euro Thursday, after US data painted a mixed picture ... WORLD FOREX: Dollar At 2-Week High Vs Yen On Asia Stock Rises FOREX-Dollar falls vs yen and euro after trade data FOREX-Dollar gains vs yen after US retail sales data |
Armstrong on Gold, Dollar and Phase II of the Debt Crisis Forexrazor High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work ... Armstrong on Gold, Dollar and Phase II of the Debt Crisis |
FOREX: US Dollar on the rise. Leading Indicators, Manufacturing rise. Jobless ... CountingPips EUR/USD Chart – The euro dropping today versus the US dollar in forex trading and breaking through the rising support trendline on the hourly chart. ... |
WORLD FOREX: Euro Up Vs Yen, Dollar On Hedge Buying; May Resume Fall MarketWatch TOKYO (MarketWatch) -- The euro rose against the yen and dollar in Asia Friday as Japanese short-term investors who have recently bet ... Dollar recovers as markets look past Fed decision The demand for the high-risk currencies increased again. The oil rate ... |
 The Guardian | WORLD FOREX: Dollar Slips On Bernanke's Benign Rate Outlook Wall Street Journal NEW YORK (Dow Jones)--The dollar's march higher was halted Wednesday as disappointing US economic data and Federal ... FOREX-Dollar supported, investors brace for Bernanke Forex: Dollar ticks down after Bernanke's testimony and weak home sales Forex - Dollar decline against yen stalls at 89.21 |
 France24 | FOREX: Dollar slides vs Majors. Fed holds interest rate, housing data declines CountingPips AUD/USD Chart – The Australian dollar today surging higher versus the US dollar in forex trading. The AUD/USD rose to its highest level since January 19th ... Forex Market Bell by Ben Bernanke US DOLLAR: NOTHING WRONG WITH BEING PREDICTABLE USD May Fall Further Following Bernanke Testimony |
 Ecommerce Journal | Forex trends: dollar gains ground touching 2-day high vs euro Ecommerce Journal The dollar that closed Wednesday's New York trading at 1.0543 against the franc and 1.5327 against the pound is presently quoted at 1.0555 and 1.5312, ... The Trader Advantage: Forex Heats Up- Swiss And Cad Rate Questions Forex - USD/CHF climbs after mixed Swiss data Forex: USD/CHF finds resistance at 1.0600 |
