Hi all. I've been trading forex demo and live.
Both failed big time. blew up account several time. Searching for the holy grail that doesn't exist.
Tried different forex signal services and so on but none of them teach you about money managnement and come up with excuses that we have to look at the results over 1 year period. I've almost lost my faith until i found this site.
I've checke a few things here and also some calculation if you fund 1K in your account and start from there.
Now, after blowing your account several times you learn to be patient in FX.
I am really considering to signup here for forexoma and fund my account with $2000.
However, however....
What I wonder is is money managnement.
If I fund my account with 2K. How big will my trades be per pair? 50K? 20K? 10K per trade per pair?
Anybody any clear answer how to achieve the 52.000 per month in 2 year?
Will vahid tell us how big the trade should be per pair per trade? I am not affraid to lose money in forex. No risk is no money.
But from here on I rather have better trades than blowing my account for the 5th time.
Thanks.

For me,
each trade carries 2% from your capital. If your capital is USD1000.00, 2% means USD20 per trade.
USD20 for stop loss 50pips. That mean Each pip carries USD0.40.

If you lose all the capital, it means you lose 50times.

So how to expand it. Once you win, you would (capital + win) x 2%. However if you lose, (capital - loss) x 2%.
It's a good rule to follow.

How to achieve 52,000 per month? It depends how strong is your psychology and emotion.
You have blown your account, but did you know the problem? If you don't know, I do afraid you would repeat the same problem again. Believe it or not, you are the trading system, because you enter and exit, change the bet, strategies, improvement, change the rule and etc...

Is it the only reason that the money management that blows your account?
Holy grail doesn't work if you are not able to control them.... meaning you don't know how it fails, and how it works. Everything has strength and weakness, if not everyone will win with one trick at hand.

You will someday find yourself that you will get back to the system you familiar with last time and focus it. Or else, you would need to learn everything and decide yourself that one trick is not enough.

Hello,

Thank you for your attentions.

At the beginning you'd better not to take more than a 2% risk for each position. After a while that you become more expeirenced, you will become able to take higher risks because you feel more confidence (not over-confidence of course) and you know that the positions you take are safe and you can risk more.

To take 2% risk, you should choose your position size the way that if a position hits your stop loss, you lose 2%. So the position size will be calculated based on the stop loss size. Please make sure to read my money management article:
http://www.forexoma.com/money-managemen ... -in-forex/

I tell you about the stop loss size when I give you a trade setup. You can calculate your position size using the position size calculator.