Forex Capital Management: important about the important
Forex currency market has long become commonplace,because there is no such person who would not have heard of him. Perhaps every second even tried to make money on it, but managing the capital Forex is not an easy task.
As a rule, in order to start trading, you need to learn the theory of Forex - money management, as well as have constant access to the Internet.
The most important plus - you can trade when you want, and with the amount that you have.
In other words, earnings on Forex, money management - all this has been called "mani management".
There are rules, compliance with which will help you at first save your money, and perhaps, and multiply them:
- First, when you decide to trade onForex, soberly assess their financial capabilities. As mentioned above, the risk of losing money for a novice trader is very, very high. Proceeding from this, start with the amount, the loss of which for you will not be a tragedy. And this risk persists during the first year of trade;
- Secondly, if you have a real opportunityto allocate for trade about five thousand dollars, it is better, if you spend a part of this money for your training. You minimize possible risks, and learn the basics in a short time (rather than with self-study). In this case, it is recommended to allocate from all possible amount literally 20 or 30 percent. Once you lose money, you can easily replenish your deposit with another 20 percent;
Let's look at an example. If suddenly you have the opportunity to lose one hundred dollars, then the deposit will be $ 20.
- demo account. Ideal for beginner traders, since you will not lose anything on it, because the money is virtual. But you will gain serious experience, because the theory never makes sense without practice. Of course, with such a trade there is one limitation: it is worth putting serious psychological protection in your brain, since this type of game on the exchange can turn you into a gambler who can not manage his capital;
- Cent account. Of course, this is a real trade for real money. Their dollar account is transferred to a cent, that is, $ 20 will be on the account as 2000 cents. Plus - you will learn how to win and lose;
- micro. You trade for dollars, but the minimum lot is 0.01. It's better if you can start with a sum of three hundred dollars.
Actually, the management of Forex capital with a minimum possible amount on this can be terminated. All other types are more suitable for professionals.
There is such a thing as pamm-accounts, when experiencedthe trader simply helps others to earn. Money is managed without your direct involvement. Who knows, maybe, after a while you will reach such a level of money management that you can provide such services to others?
