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Money Management - you have certainly heard these words before, some people describe it as managing money, but I prefer to call it risk management. Every game concerning money, and Forex is this kind of a game, carries risk. The risk of losing capital is really high in Forex. Entering this market without preparation, and I do not mean your 6- or 12-months’ experience gained with a demo account, is doomed to failure. You will be automatically pushed to the position of a donor of capital. Forex is a huge market. The money that circulates there every day can make the richest people of this word feel dizzy. But this amount of money is not taken from nowhere; somebody has to supply this bloodstream. And it is a throng of small individual investors who, deluded by visions of easy profits (mainly due to intrusive brokers’ ads on the Internet), trade their last money and treat Forex as a ticket to paradise. They get the ticket but in the opposite direction.
Why do so many people lose? I would point to two reasons; foolishness and naivety. Only a naive fool can think that one will enter the market with cash only to make profits. In two weeks’ time he will buy a car, after a month he will buy a house, and he will stop trading after three months, because he will be very rich. Usually it looks like this: after one week one will lose 10 % of the deposit, after two weeks - 70 %, in the third week one will top up for what was lost only to lose what was left in the fourth week (and this is still an optimistic version)...

Table of Contents

PrefaceA few words from a tweeting trader
IntroductionWhy MM?
Chapter I The history of money, lotto and
Chapter II Risk, gambling, love and statistics
Chapter III Dreams of power or what kind of SL?
Chapter IV What is RR and why is it so important?
Chapter V Boosting the results for the first time
Chapter VI The basics of position management
Chapter VII In the name of the rules you…
Chapter VIII Percentage determination
Chapter IX From a trader’s diary
Chapter X There are 8 virtues and 8 sins
Chapter XI We boost the results again
Chapter XII The meanders of trader’s finance
Chapter XIII We boost the results for the third time
Chapter XIV A daytradingly - scalping longterm intraday trader
Chapter XV It is all about a strategy
Chapter XVI ....

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